Oil Prices Fall on China/U.S. Economic Worries; Ukraine Peace Talks Eyed – Oil & Gas 360

Risk-Off Sentiment in Asset Markets Weighs on Crude Prices

June WTI crude oil (CLM25 ) Tuesday closed down -0.13 (-0.21%) and June RBOB gasoline (RBM25 ) closed up +0.0133 (+0.62%). Crude oil prices on Tuesday posted modest losses as weakness in equity markets sparked risk-off sentiment in asset markets and dampened confidence in the economic outlook and energy demand....

Oil prices fell slightly on Tuesday afternoon, as uncertainty over the outcome of the US-Iran talks and peace talks between Russia and Ukraine weighed on the outlook for the country, which is a key oil importer, Reuters and Bloomberg reported. A barrel of US West Texas Intermediate (WTI) crude for June delivery was trading at $62.48 at 6:32 p.m. CEST on Tuesday, down 21 cents, or 0.34 percent, from the previous day's close. The July contract for…

Oil Steadies as Market Assesses US-Iran Talks, Demand Signals - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – Oil prices steadied on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude-importer China’s economy. Brent futures for July slipped 7 cents, or 0.1%, to $64.75 a barrel by 0947 GMT. June U.S. West Texas Intermediate crude futures , which ...

Oil prices fluctuated on Monday in a nervous market due to the decline in US credit ratings, talks on the war in Ukraine and negotiations on Iran’s nuclear program. AFP Brent’s North Sea barrel price, for delivery in July, dropped 0.20% to $65.54. Its US equivalent, the West Texas Intermediate barrel, for delivery in June, won 0.32% to $62.69. “There is a lot of nervousness in the market,” analyst John Kilduff of the company Again Capital told A…

On the London market, a barrel of crude oil traded at a 57 cents lower price, at $64.84.

Oil prices fall on China/U.S. economic worries; Ukraine peace talks eyed – Oil & Gas 360

(Investing) – Oil prices fell Monday, handing back some of the previous week’s gains as traders fretted about Moody’s U.S. credit downgrade as well as slowing economic growth from China, the world’s largest crude importer. At 08:15 ET (12:15 GMT), Brent Oil Futures expiring in June inched 0.7% lower to $64.93 per barrel, while West Texas Intermediate (WTI) crude futures also fell 0.7% to $61.53 per barrel. Both contracts gained more than 1% last