crude oil trading

Oil rises 2% on US Fed rate cut bets, tighter MidEast supply; Brent nears $80

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Oil rises 2% on US Fed rate cut bets, tighter MidEast supply; Brent nears $80

Crude oil prices rose by more than a dollar a barrel on Thursday, August 29, as supply disruptions in Libya and plans to lower output in Iraq raised concerns of a tightening market. More than half of Libya’s oil production—nearly 70,000 barrels per day—was offline today, and exports were halted at several ports amid a … Read more

Oil snaps three-day winning streak on US, China growth concerns; Brent at $80

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Oil snaps three-day winning streak on US, China growth concerns; Brent at $80

International crude oil prices snapped their three-day winning streak and fell around two per cent on Tuesday, August 27. Worries that slower economic growth in the US and China could reduce energy demand dragged prices down, especially after they surged over seven per cent in the prior three days. Brent futures last fell $1.31, or … Read more