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Tag Archives: brent crude

Oil slides in thin trade on rising U.S. rig count

Oil prices dropped on Friday as a rising U.S. rig count stoked more concerns about global oversupply while an investigation by Chinese regulators into suspected stock market manipulation further unsettled the market. A sharp move lower in late-morning U.S. trade was exacerbated by thin liquidity, with many U.S. market participants off for the U.S. July Fourth holiday. U.S. oil drilling ...

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Oil prices settle into new equilibrium: Kemp

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(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Benchmark crude oil prices have barely moved for more than two months, implying the market has found a temporary equilibrium after the enormous price shock in the second half of 2014 and early 2015. Over the last 30 trading days, the range between the highest ...

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Oil prices around $60 as demand balances glut

LONDON – Crude oil prices steadied on Thursday as strong demand for oil products helped to balance a global overhang of crude oil for immediate delivery. North Sea Brent crude oil traded within a fairly narrow range as investors eyed a weak physical crude market in the Atlantic basin amid reports of stronger demand for gasoline and diesel in the ...

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U.S. oil prices edge up as Texas braces for storm

LONDON – U.S. crude oil prices edged up on Tuesday as a tropical storm headed towards the oil-producing state of Texas, but oversupply kept Brent lower. U.S. crude was up 23 cents at $59.75 a barrel at 1354 GMT, staying within a range of $57-$62 per barrel that has been in place since the beginning of May. Brent was down ...

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