BRENT CRUDE OIL FUTURES RISE BY $1 TO $75.57 PER BARREL.
*Sanctions have cost Iran $10 bln in oil revenue- U.S. official. SINGAPORE, April 25- Oil prices were firm on Thursday, supported by tightening sanctions against Iran announced this week but held in check by a surge in U.S. supply and concerns of an economic slowdown. Crude futures rose to 2019 highs earlier in the week after the United States said it would end all...
*Sanctions have cost Iran $10 bln in oil revenue- U.S. official. SINGAPORE, April 25- Oil prices were torn on Thursday, supported by tightening sanctions against Iran announced this week and pressured by a surge in U.S. supply and concerns of an economic slowdown. Crude futures rose to 2019 highs earlier in the week after the United States said on Monday it would end...
*Sanctions have cost Iran $10 bln in oil revenue- U.S. official. SINGAPORE, April 25- Oil prices dipped on Thursday as record U.S. output and rising crude stockpiles dampened the impact on markets of tighter U.S. sanctions on Iran and producer club OPEC's continued curbs on supply. Crude futures rose to 2019 highs earlier in the week after the United States said on...
Iran sanctions buoyed prices this week. NEW YORK, April 24- Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran. Brent crude futures rose 6 cents to settle at $74.57 a...
Iran sanctions buoyed prices this week. NEW YORK, April 24- Oil prices steadied on Wednesday near six-month highs after data that showed U.S. stockpiles rose to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran. Brent crude futures lost 9 cents to $74.42 a barrel by...
Iran sanctions buoyed prices this week. NEW YORK, April 24- Oil prices steadied on Wednesday near six-month highs after data that showed U.S. stockpiles rose to their highest since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran. Brent crude futures fell 17 cents to $74.34 a barrel by...
Iran sanctions buoyed prices this week. LONDON, April 24- Oil prices fell on Wednesday after a report allayed concerns about tightening supply, ending a rally that took prices to their highest since early November on concerns that OPEC output cuts and sanctions would take too much oil out of the market. Brent crude futures were at $74.18 per barrel at 0848 GMT, down...
Neil Beveridge of Bernstein discusses factors affecting the oil market and its spare capacity, including the war in Libya.
Sarah Lien of Eastspring Investments says energy is an under-owned sector globally and valuations are "pretty good."
Wayne Gordon of UBS Global Wealth Management discusses oil markets and U.S. waivers on Iran oil sanctions.
King Lip of Baker Avenue Asset Management discusses oil prices. He says there isn't much upside beyond $85 per barrel for Brent Crude.
HONG KONG/ TOKYO, April 23- World oil prices jumped to near 6- month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher and boosting currencies of several major crude producers. Brent crude oil futures rose 0.7 percent to $74.57 per barrel by 0630 GMT, their highest since November, after Washington said it...
Brian Jacobsen of Wells Fargo Asset Management says he is constructive on the energy sector, but is cautious about chasing oil prices.
*Brent futures hit highest since Nov on OPEC- led supply cuts. SINGAPORE, April 22- Oil prices rose early on Monday, with Brent hitting its highest level since November, driven up by a decline in U.S. drilling activity and ongoing supply cuts led by producer club OPEC. "The path of least resistance remains higher," said Stephen Innes, head of trading at SPI Asset...
BRENT CRUDE OIL FUTURES RISE TO NOV. 2018 HIGH OF $72.49/ B ON DECLINE IN U.S.
*Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. NEW YORK, April 18- Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices. Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday's five-month high of...
*Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. NEW YORK, April 18- Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices. Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday's five-month high of...
*Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. LONDON, April 18- Oil prices were little changed on Thursday as a drop in crude exports from OPEC's defacto leader Saudi Arabia and a draw in U.S. oil inventories supported prices, while the strengthening dollar and weak equities kept futures in check. Brent crude futures were at $71.70 a barrel by 11:24 a.m. EDT,...
LONDON, April 18- Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran. Brent crude futures were at $71.80 a barrel at 1313 GMT, up 18 cents from their last close and near Wednesday's five-month high of $72.27 a barrel. U.S. crude inventories fell by 1.4...
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