Tag: crude oil price

• Thursday, October 4th 2018 - 07:04 UTC

  Oil hits new high ahead of US sanctions on Iran supply, and despite Russia and Saudi higher production

  

  Brent crude rose nearly 2% after hitting a four-year high on Wednesday as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.

• Monday, November 28th 2016 - 09:36 UTC

  Doubts about OPEC's production cut agreement make crude oil prices dive

  

  Oil prices fell over 1 percent Monday in Asia following a decline of more than 3 percent Friday over disagreement between members of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC exporters like Russia. Brent crude futures LCOc1 were trading at $46.40 per barrel at 0035 GMT (7.35 a.m. ET), down 84 cents, or 1.8 percent, from their last close, while U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 74 cents, or 1.6 percent, at $45.32 a barrel.