Oil prices rose on Friday, continuing their upward momentum and heading for notable weekly gains. Brent crude climbed $0.69 (+0.9%) to $76.62 per barrel by mid-day trading, while U.S. West Texas Intermediate (WTI) increased $1.11 (+1.5%) to $74.24. For the week, Brent was set to gain 3.3%, with WTI poised for a 5% increase. Prices […]
Oil prices rose sharply on Thursday, the first trading day of 2025, as optimism over China’s economic policies and fuel demand boosted sentiment. Brent crude settled at $75.93 per barrel, up $1.29 (+1.7%), while U.S. West Texas Intermediate (WTI) closed at $73.13 per barrel, gaining $1.41 (+2%). However, swelling U.S. gasoline and distillate inventories limited […]
Oil prices ended higher on the final trading day of 2024, with Brent crude settling at $74.64 per barrel, up $0.65 (+0.88%), and U.S. West Texas Intermediate (WTI) at $71.72 per barrel, rising $0.73 (+1.03%). Despite the daily gains, Brent recorded a 3% annual decline from its 2023 close of $77.04, while WTI remained largely […]
Oil prices rose on Monday in thin year-end trading, driven by forecasts of colder weather across the U.S. and Europe, expected to boost diesel demand. Brent crude futures settled at $74.39 a barrel, up 22 cents (0.3%), while the more active March contract closed at $73.99, up 20 cents. U.S. West Texas Intermediate (WTI) crude […]
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“You can’t go back and change the beginning, but you can start where you are and change the ending.” – C.S. Lewis Jobs Update Stocks closed lower on Friday of last week, but higher week over week Wall Street continues to be in holiday mode as investors face another holiday-shortened week of sparse economic data […]
Oil prices rose on Friday, with Brent crude settling at $74.17 per barrel, up $0.91 or 1.2%, and U.S. West Texas Intermediate (WTI) closing at $70.60 per barrel, gaining $0.98 or 1.4%. The gains were supported by a larger-than-expected drawdown in U.S. crude inventories, which fell by 4.2 million barrels for the week ending December […]
Oil prices dipped slightly on Thursday amid thin holiday trading, as a stronger U.S. dollar countered optimism over China’s fiscal stimulus plans. Brent crude fell 0.43% to $73.26 a barrel, while U.S. West Texas Intermediate dropped 0.68% to $69.62. China plans to issue 3 trillion yuan ($411 billion) in special treasury bonds next year to […]
Oil prices rose on Tuesday, rebounding from Monday’s losses amid a brighter short-term market outlook and thinning holiday trade. Brent crude climbed 88 cents (1.2%) to $73.51 a barrel, while WTI increased 91 cents (1.3%) to $70.15. Analysts attributed the gains to expectations of steady prices during the holiday season and potential supply disruptions leading […]
Oil prices dipped on Monday in light holiday trade amid concerns over a potential supply surplus in 2024 and a strengthening dollar. Brent crude fell 31 cents (0.43%) to $72.63 a barrel, while WTI dropped 22 cents (0.32%) to $69.24. Last week, Brent and WTI lost 2.1% and 2.6%, respectively, as the Federal Reserve signaled […]