Oil prices dipped on Monday in choppy trade as China’s ailing property sector sparked demand worries while rising tensions over the weekend in the Middle East intensified oil supply concerns. Brent crude futures were down 62 cents to USD 82.93 a barrel by 1430 GMT while US West Texas Intermediate crude futures were down 59 […]
Oil prices weakened slightly on Friday, but remain set for a second weekly gain as positive US economic growth and signs of Chinese stimulus boosted demand sentiment, while Middle East supply concerns added further support. Brent crude futures were down 94 cents at USD 81.50 a barrel by 12:12 a.m. ET (17:12 GMT), having set […]
Oil prices lost roughly 1 per cent on Monday as the Middle East conflict’s limited impact on crude output prompted profit-taking after oil benchmarks gained 2 per cent last week. Brent crude futures were down 69 cents, or about 0.9 per cent, at USD 77.60 a barrel by 1534 GMT and US West Texas Intermediate […]
The price of Kuwaiti oil went down by USD 2.44 to reach USD 82.27 per barrel on Friday, compared to USD 84.71 per barrel the day before, said the Kuwait Petroleum Corporation (KPC) on Saturday. According to the Kuwait News Agency (KUNA), Brent Crude and West Texas Intermediate in the global markets rose by USD […]
