Tags » Brent Crude

Oil remains close to late-2014 highs as ongoing supply cuts reduce inventories

CNBC

  • Oil prices were firm on Friday near three-year highs reached earlier this week.
  • OPEC has been withholding production since 2017 to draw down a supply overhang.
493 more words

Oil near late-2014 highs as Saudi pushes for higher prices, US crude stocks decline

CNBC

  • Oil prices remained close to highs touched the previous day that were last seen in late 2014.
  • The EIA said on Wednesday that commercial crude stocks fell by 1.1 million barrels last week.
437 more words

Oil prices rise amid risk of supply disruptions

CNBC

  • Oil prices rose on Tuesday amid worries there could be a high risk of disruptions to supply.
  • Traders said those risks included potentially spreading conflict in the Middle East and renewed U.S.
380 more words

Global Stocks Mixed After Syria Air Strikes

Investors breathed a sigh of relief after missile strikes on Syria didn’t lead to a major escalation in the seven-year-old conflict

By Georgi Kantchev
The Wall Street Journal… 543 more words

Oil markets tense after western strikes on Syria, rising US drilling weighs

CNBC

  • Oil fell 1 percent on Monday as markets opened following western air strikes in Syria over the weekend.
  • Oil markets also came under pressure from a rise in U.S.
297 more words

Oil markets tense on Middle East crisis, US-China trade spat

CNBC

  • Oil markets remained tense on Thursday on concerns of a military escalation in Syria.
  • Prices were some way off Wednesday’s 2014 highs as bulging American supplies weighed.
380 more words

Oil prices near 2014 highs over warnings of western air strikes against Syria

CNBC

  • Oil prices edged higher on Wednesday, adding to steep gains in the previous session.
  • Markets eyed an escalation of Middle East tensions after Europe’s air traffic control agency warned of possible air strikes on Syria in the next 72 hours.
402 more words