Tag: International Brent crude

• Tuesday, April 21st 2020 - 10:16 UTC

  US oil price on Monday turned negative for the first time in history

  

  The price of US oil has turned negative for the first time in history. That means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out in May.

• Monday, January 28th 2019 - 09:18 UTC

  Oil prices fall on Monday as US crude production is anticipated to increase

  

  Oil prices fell on Monday after U.S. energy firms added rigs for the first time this year in a sign that crude production there will rise further. U.S. spot crude oil futures CLc1 were at US$ 53.37 per barrel at 0027 GMT, down 32 cents, or 0.6 percent, from their last settlement.