Wednesday 24 May 2017
 
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Brent

Brent to average $54 in 2017: report

With global oil stocks still too high and US supply recovering faster than we anticipated, Brent is seen averaging $54 per barrel in 2017 and $56 per barrel in 2018, says a Bank of America Merrill Lynch (BofAML) report. The sharp

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Brent may hit $57 if Opec extends output cuts

Brent crude may average $57 for a barrel this year, if a six-month extension of Opec production cut is realised, said a report citing Samba Financial Group.   Next year, Brent crude may average higher – $62

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Oil hits 18-month high at $58.37

Oil prices hit 18-month highs on the first full trading day of the new year as reports suggested Opec member states have begun to reduce production. Brent crude rose more than 2 percent to $58.37, up $1.55 a barrel and its highest

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Oil prices stay strong at over $50/barrel

Oil prices settled above $50 in early Asia trade Friday, owing to declining US inventories and reports that key members of the Organization of the Petroleum Exporting Countries (Opec) and Russia will meet next week to discuss Russia’s part

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Oil steady after rise on Russia-Saudi pact

Brent crude prices were steady on Tuesday, holding most of their gains from the previous session when top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market. London Brent crude for November deliver

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Oil dips on strong dollar; rise in US stocks

Crude oil futures fell in early trade on Wednesday as the US dollar held around three-week highs and industry stocks data indicated a build in US crude inventories. International Brent crude oil futures LCOc1 were trading at $48.2

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Oil dips on strong dollar; rise in US stocks

Crude oil futures fell in early trade on Wednesday as the US dollar held around three-week highs and industry stocks data indicated a build in US crude inventories. International Brent crude oil futures LCOc1 were trading at $48.2

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Brent crude slides, but on track for third week of gains

Brent crude oil fell on Friday after hitting an eight-week high, as weak fundamentals countered a lift in sentiment over talks next month on a possible output freeze, though futures remained on track to rise for a third consecutive week.

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Oil prices rise, on track for seventh day of gains

Brent crude oil prices rose above $51 a barrel on Friday to hit an eight-week high and were on track to rise for a seventh trading day, as hopes that producers could agree measures to support crude buoyed sentiment. International

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Oil prices give up early gains as oversupply weighs

Oil prices slipped after gains made earlier on Thursday and the previous day as overproduction and large volumes of unsold crude and ample refined products around the world weighed on markets. Brent crude futures were trading at $

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