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Investors waiting for fresh updates on US-China deal, prices unchanged
today
Source: Reuters

Investors waiting for fresh updates on US-China deal, prices unchanged

The market is waiting for a fresh perspective on the US-China trade deal. Thus, keeping aside surplus supplies' worries, oil prices changed a little on Monday. Brent decreased by 0.1% and was traded at $63.25 a barrel. WTI was unchanged, at $57.72 a barrel. IEA has predicted that non-OPEC supply growth would be on a rise up to 2.3 million bpd next year. This will create a downward pressure on the prices.

Oil gains over optimism towards next OPEC meeting
Nov. 15, 2019
Source: Reuters

Oil gains over optimism towards next OPEC meeting

Oil prices climbed up on the back of hopes from next OPEC meeting to curb the supply. A statement from White House mentioning that they are 'getting close' to the deal with Beijing also supported the market. WTI increased by 0.5% and was traded at $57.05 a barrel. Brent went up by 0.5% and was traded at $62.56 a barrel.

Oil prices extend gains from previous session
Nov. 14, 2019
Source: Reuters

Oil prices extend gains from previous session

Oil prices increased on Thursday extending the gains from the previous session. The market was also largely affected by the industry report showing a drop in U.S. crude stockpiles last week. WTI went up by 0.4% to $57.32 a barrel. Brent rose by 0.3% and was traded at $62.54 a barrel. US crude inventories have gone down by 541,000 barrels in the week to Nov. 8 to 440 million.

Concerns of oversupply bring down oil prices
Nov. 12, 2019
Source: Reuters

Concerns of oversupply bring down oil prices

Uncertainty over the progress of US-China trade talks led to the drop in oil prices on Tuesday. Rise in crude output of Saudi Arabia brought back the fear of oversupply in the market. WTI dropped by 0.3% and was traded at $56.68 a barrel. Brent went down by 0.2% and was traded at $62.04 a barrel.

Oil prices slip on Monday
Nov. 11, 2019
Source: Reuters

Oil prices slip on Monday

On Monday, oil prices fell on the back of doubts over the trade deal between the US and China. Concerns of the excess of supply also affected the market. Brent slipped by 0.9% and was traded at $61.96 a barrel. WTI went down by 0.8% and was traded at $56.77 a barrel. Further, oil cartel OPEC and its allies will meet in December to discuss their future decisions.

Oil prices remain unchanged
Nov. 7, 2019

Oil prices remain unchanged

Oil prices remained unchanged on Thursday carrying the losses of the previous session. The interim deal between the US and China to boil down the ongoing war has been delayed. Brent was at $61.74 a barrel while WTI was at $56.32 a barrel. Further, the US crude exports have been hit hard last week which led to the drop of nearly 1 million barrels to 2.4 million barrels per day.

Oil prices slip over stockpiles build up
Nov. 6, 2019
Source: Reuters

Oil prices slip over stockpiles build up

Oil prices slipped in the international market on Wednesday, as US inventory data revealed larger-than-expected build up in crude stockpiles. Benchmark Brent crude futures dropped 0.6%, to $62.60 a barrel. US WTI crude futures CLc1 slipped to 0.5%, to $56.94 per barrel. API data released yesterday showed a rise of 4.3 million barrels in the U.S. crude inventories last week.

Oil prices hold fast as investors remain optimist
Nov. 5, 2019
Source: Reuters

Oil prices hold fast as investors remain optimist

Oil prices held ground on Tuesday, as investors remained hopeful ahead of US inventory data release today. While Brent crude futures rose to $62.17 a barrel, US WTI crude futures CLc1 slipped to $56.53 a barrel. A Reuters poll released on Monday showed a rise in U.S. crude oil inventories last week, while a decline was observed in the stocks of the refined products.

Oil prices drop as cautions prevail ahead of economic data release
Nov. 4, 2019
Source: Reuters

Oil prices drop as cautions prevail ahead of economic data release

Oil prices slipped on Monday, as investors remained cautious ahead of fresh European and U.S. economic data, despite hopes linger for some resolution to the U.S.-China trade war. Brent crude futures LCOc1 dropped to $55.94 a barrel. US WTI crude futures CLc1 for December delivery dipped to $61.42 a barrel. The European Union and the United States will be releasing manufacturing data today.

Oil prices experience further losses
Oct. 30, 2019
Source: Reuters

Oil prices experience further losses

Oil prices extended previous session's losses on Wednesday. The delay in resolving US-China trade war weighed heavy over drop in US crude inventories. Brent went down by 0.3% and was traded at $61.41 a barrel. WTI slipped by 0.5% and was traded at $55.27 a barrel. US crude inventories have fallen flat on the ground after the decrease of 708,000 barrels against the investor's expectations of substantial improvement.

Oil prices fell over global economic slowdown
Oct. 29, 2019
Source: Reuters

Oil prices fell over global economic slowdown

Oil prices experienced a fall on Tuesday while investors waited for the US inventory data for demand trends. Meanwhile global economic slowdown has blurred the trade war between Washington and Beijing. Brent slipped and was traded at$61.51 a barrel. WTI decreased and was traded at $55.69 a barrel. Trump is expected to sign a major part of the trade deal with China ahead of schedule.

Oil prices dip over ramping US stockpiles
Oct. 23, 2019
Source: Reuters

Oil prices dip over ramping US stockpiles

Oil prices slipped on Wednesday after API data showed a surprise build in crude stockpiles. Brent crude futures LCOc1 dropped 0.52%, to $59.39 a barrel. US WTI crude futures CLc1 for December delivery dipped 0.79%, to $54.05 per barrel. While analysts were expecting a gain of 2.2 million barrels in U.S. crude stocks, API data showed a rise of 4.5 million barrels ramping stockpiles to 437 million barrels.

Oil prices increase over optimistic signs from ongoing US-China trade talks
Oct. 22, 2019

Oil prices increase over optimistic signs from ongoing US-China trade talks

Oil prices showed signs of improvement on Tuesday as the US-China trade talks progress towards resolving the dispute. However, the market gains were contained due to global economic slowdown indicating a drop in crude demands. Brent increased by 0.2% and was traded at $59.10 a barrel. WTI went up by 0.3% and was traded at $53.49 per barrel.

Oil Prices fall as China experiences slowest GDP growth in over three decades
Oct. 18, 2019
Source: Reuters

Oil Prices fall as China experiences slowest GDP growth in over three decades

Oil prices dipped in the international market on Friday, as China registered its weakest quarter in terms of economic growth in almost three decades. Brent crude was down by 0.4%, to $59.70 a barrel. US WTI crude also slipped 0.1%, to $53.89 per barrel. China’s gross domestic product (GDP) growth slowed to 6% year-on-year in the third quarter, declining to its weakest pace in 27 and a half years.

Oil Prices drop by 1%
Oct. 17, 2019
Source: Reuters

Oil Prices drop by 1%

Oil prices tumbled in the international market on Thursday, pushed down by API data showing unexpectedly large build up in the US crude stockpiles. Brent crude were priced 1% lower, at $58.85 a barrel. US WTI crude also dipped 1%, to $52.80 a barrel. API data released yesterday showed a rise of 10.5 million barrels in U.S. crude inventories, to 432.5 million barrels in the week to Oct. 11.

Oil prices increase on Wednesday
Oct. 16, 2019
Source: Reuters

Oil prices increase on Wednesday

Oil prices increased on Wednesday with the rise of equities. Investors are hoping for a potential Brexit deal between Britain and the European Union which had an impact on the market. Brent rose and was traded at $58.95 a barrel. WTI gained 0.3% and was traded at $52.97 a barrel. According to the analysts, any deal which will avoid "hard" Brexit might boost economic growth and oil prices.

Oil prices slip over weak Chinese economic data
Oct. 15, 2019
Source: Reuters

Oil prices slip over weak Chinese economic data

Oil prices dropped today, stressed by weak Chinese economic data for September, contributing to the concerns about the U.S.-China trade deal feasibility. Brent crude futures LCOc1 were priced 0.5% lower, at $59.067 barrel. US WTI crude futures CLc1 dipped 0.4%, to $53.38 a barrel. “China’s exports and imports shrunk more than expected in September, as ongoing tariffs and a slowdown in global trade undercut demand,” analysts at ANZ bank said.

Oil prices rise over attacks on Iranian oil tanker, easing US-China tensions
Oct. 14, 2019
Source: Reuters

Oil prices rise over attacks on Iranian oil tanker, easing US-China tensions

Oil prices rose today, over attacks on Iranian oil tanker, and easing tensions between the US and China. While Brent crude was traded at $60.60 a barrel, the US WTI crude futures were priced at $54.79 a barrel. Investigations are currently underway over the attack on an Iranian oil tanker, off Saudi Arabia’s coast. Markets were also lifted by Washington’s goodwill move to hold threatened tariffs on Chinese products.

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