Oil Prices Gain on Geopolitical Risks, Inventory Worries

Oil Prices Rise on Tight Summer Market

Oil prices rose early on Thursday amid signs that inventories are low in the peak summer demand season and resurfacing geopolitical concerns in the Middle East. As of 8:33 a.m. EDT on Thursday, the U.S. benchmark, WTI Crude, was up by 0.98% at $67.01 per barrel. The international benchmark, Brent Crude, was trading at $68.88, up by 0.53% on the day. Tight markets and falling U.S. crude oil inventories supported oil prices early on Thursday, desp…

Oil prices gain on geopolitical risks, inventory worries

LONDON :Oil prices rose on Thursday, even as global trade tensions appeared to cool, with analysts pointing to low inventories and renewed Middle East risks as factors supporting the market.Brent crude futures were up 31 cents, or around 0.5 per cent, to $68.83 a barrel at 1203 GMT. U.S. West Texas Intermedia

Mideast Heating Up Again Adds To Supply Concern - Archer Financial Services

CRUDE OIL September Crude Oil is higher  this morning but inside yesterday range. Increased hostilities... The post Mideast Heating Up Again Adds To Supply Concern appeared first on Archer Financial Services.

Mideast Heating Up Again Adds To Supply Concern

CRUDE OIL September Crude Oil is higher  this morning but inside yesterday range. Increased hostilities... The post Mideast Heating Up Again Adds To Supply Concern appeared first on ADMISI.

Brent Hits $68.76 As Crude Draw, Trade Optimism Lift Market

Oil prices edged higher on Thursday as improved economic signals from major crude consumers and easing global trade tensions supported market sentiment. Brent crude oil, against which Nigerian crude oil is priced, rose by 24 cents or 0.35 percent to $68.76 per barrel as of 05:57 a.m. in Nigeria, while U.S. West Texas Intermediate (WTI) […] The post Brent Hits $68.76 as Crude Draw, Trade Optimism Lift Market appeared first on Investors King.