Oil, crude and Trade-Deal Optimism
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Oil prices rose 1% on Thursday as U.S. crude draws and expected cuts to Russian gasoline exports overwhelmed news that oil major Chevron will gain U.S. approval to renew production in Venezuela. Brent crude futures settled at $69.
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UBS expects Brent crude oil prices to remain within the $60–70 per barrel trading range in the near term, it said on Wednesday, as futures eased after initially climbing earlier in the session, following news of a U.
Brent crude remains stuck below $70 per barrel as top EU officials doubt the probability of a trade deal being concluded
Oil prices rose and the gains likely reflected some degree of relief after the U.S. announced a trade deal with Japan. Prices remain subdued, though, on persistent concerns over tariffs, ING said.
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Brent crude oil prices just ticked up, bouncing back a bit following recent US trade developments with the Philippines and Japan. President Trump announced fresh tariffs—19% on goods from the Philippines and 15% on Japan—which gave a boost to Asian ...
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, noting that inventories declined by 577,000 barrels in the week ending July 18.
What is the price of crude oil today? WTI futures traded at $81.55 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 11.04%. Brent futures traded around $86.34/bbl, a drop of 0.18% ...