Oil holds at two-month low on rising supply concerns
- 26-Feb-2025
LONDON: Oil prices held at two-month lows on Wednesday as a potential peace deal between Russia and Ukraine continued to weigh on prices while lower U.S. crude stockpiles provided some support. Brent crude eased by 3 cents to $72.99 a barrel by 1142 GMT while U.S. West Texas Intermediate crude oil futures gained 3 cents […]
Oil prices set for second annual loss in a row
- 31-Dec-2024
Oil prices were on track to end 2024 with a second consecutive year of losses on Tuesday, but were steady on the day as data showing an expansion in Chinese manufacturing was balanced by Nigeria targeting higher output next year. Brent crude futures rose by 42 cents, or 0.6%, to $74.41 a barrel as of […]
Oil prices rise in thin pre-holiday trade
- 24-Dec-2024
Oil prices were up on Tuesday, reversing the prior session’s losses on a brightening short-term market outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays. Brent crude futures were up 88 cents, or 1.2%, at $73.51 a barrel, while U.S. West Texas Intermediate crude futures […]