Posts Tagged ‘brent’

Unexpected Rise In US Crude Brings Oil Prices Down

by Forex Rooton July 22, 2015 11:19 am BST
Oil prices fell Today after an unexpected rise in U.S. crude stocks, adding to a picture of global oversupply that has dragged down values over the past year. Industry data released on Tuesday by the American Petroleum Institute (API) showed crude inventories at the Cushing, Oklahoma hub rose 2.3 million barrels last week, compared with […]

West Texas Intermediate Drop as Demand Slows; Brent Fell

by Forex Rooton October 14, 2014 12:49 pm BST
WTI extended its rout from the lowest price in 22 months after the International Energy Agency said oil demand will expand this year at the slowest pace since 2009. Brent slid from a four-year low in London. Futures dropped as much as 1.3 percent in New York, the fifth decline in six days. Oil consumption […]

WTI Continues To Tumble Amid Signs Of Global Glut

by Forex Rooton October 10, 2014 12:34 pm BST
WTI crude tumbled further into a bear market amid signs of a global glut. Brent, the benchmark grade for more than half the world’s oil, traded close to a four-year low. US crude slumped as much as 2.5 percent to $83.59 a barrel in New York. It closed yesterday more than 20 percent below its […]

Brent Slides On Concern Weaker Economic Growth

by Forex Rooton October 7, 2014 4:02 pm BST
Brent Fell fifth time in six days on concern economyic will reduce demand. WTI fell before inventories data. The International Monetary Fund cut its outlook for global growth in 2015 in a report today. German industrial production fell more than economists forecast in August in the latest sign that the outlook for Europe’s largest economy […]