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Oil prices rise for second consecutive week on expected tighter supply

Summary by The Globe & Mail

Brent crude futures rose 16 cents to settle at $72.16 a barrel. U.S. West Texas Intermediate crude futures rose 21 cents to $68.28

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Oil prices rise for second consecutive week on expected tighter supply

Brent crude futures rose 16 cents to settle at $72.16 a barrel. U.S. West Texas Intermediate crude futures rose 21 cents to $68.28

8 days ago·Canada

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Business Post Nigeria

Crude Oil Soars on Tighter Supply

By Adedapo Adesanya Crude oil appreciated as fresh US sanctions on Iran as the latest output plan from the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) producer group raised expectations of tighter supply. Brent crude futures went up by 16 cents or 0.2 per cent to settle at $72.16 a barrel and […]

7 days ago

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Energy News for the United States Oil & Gas Industry | EnergyNow.com

Oil Prices Rise for Second Consecutive Week on Expected Tighter Supply - Energy News, Top Headlines, Commentaries, Features & Events

Summary • Benchmarks record highest weekly gains since early January • Fresh US sanctions on Iran include Chinese independent refiner • Prices also supported by latest OPEC+ production plans (Reuters) – Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan ...

7 days ago

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Oil & Gas 360

Oil heads towards second consecutive weekly gain on supply concerns – Oil & Gas 360

(Investing) – LONDON -Oil prices fell slightly on Friday but were heading for a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude futures were down 23 cents, or 0.3%, at $71.77 a barrel by 1300 GMT. U.S. West Texas Intermediate crude futures fell 13 cents, or 0.2%, to $67.94. On a weekly basis, Brent was on track to rise more t

7 days ago·Denver, United States

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