Oil ends higher, with Venezuela turmoil, OPEC output cuts feeding a weekly gain
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West Texas Intermediate crude oil for March delivery US:CLG9 rose $1.47, or 2.7%, to settle at $55.26 a barrel on the New York Mercantile Exchange. Prices tracking the front-month contracts logged for their highest finish since Nov. 19, after finishing January with a monthly rise of 18.5%, according to Dow Jones Market Data. For the week, they were up 2.9%.
April Brent LCOJ9, gained $1.91, or 3.1%, to $62.75 a barrel on ICE Futures Europe. Prices based on the front-month contracts gained 15% for last month and were 1.8% higher for the week.
Oil logs sharp decline on energy demand risks and a possible boost to Libya output
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U.S. benchmark March West Texas Intermediate crude oil US:CLG9 fell $1.37, or 2.5%, to settle at $52.64 a barrel on the New York Mercantile Exchange, with prices based on the front-month contract down 4.7% week to date.
International benchmark April Brent LCOJ9, -1.64% fell $1.06, or 1.7%, to $61.63 a barrel on ICE Futures Europe.
U.S. oil benchmark suffers a nearly 5% weekly slide
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U.S. benchmark March West Texas Intermediate crude oil US:CLG9 rose 8 cents, or 0.2%, to settle at $52.72 a barrel on the New York Mercantile Exchange, after trading between a low of $52.08 and high of $52.99. Prices finished 4.6% lower for the week, the largest weekly loss since the week ended Dec. 21, according to Dow Jones Market Data.
International benchmark April Brent LCOJ9, +0.55% added 47 cents, or 0.8%, to $62.10 a barrel on ICE Futures Europe. It was down 1% for the week.
U.S. oil ends at 3-month high as supplies tighten; Brent snaps 5-day winning streak
Cuts implemented by OPEC at the start of the year are starting to have an effect
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March West Texas Intermediate crude oil CLH9, gained 50 cents, or 0.9%, to settle at $56.09 a barrel on the New York Mercantile Exchange — the highest finish for a front-month contract since Nov. 19, according to Dow Jones Market Data. The March contract expires at Wednesday’s settlement.
April Brent LCOJ9, lost a nickel, or less than 0.1%, to settle at $66.45 a barrel on the ICE Futures Europe exchange after gains in each of the last five sessions.
Oil futures reverse sharply lower as Trump tells OPEC to ‘relax’ on prices
Prices revisited 3-month highs earlier, boosted by signs of U.S.-China trade progress
Crude-oil futures traded sharply lower Monday, with U.S. benchmark crude dropping from a three-month high earlier in the session to a one-week low, as President Donald Trump called on OPEC to further prevent rising prices.
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In recent trading, April West Texas Intermediate crude CLJ9, -3.16% was down $1.93, or 3.4%, at $55.33 a barrel on the New York Mercantile Exchange—poised for the lowest finish since Feb. 15. It earlier traded as high as $57.53. The contract’s settlement Friday at $57.26 marked a most-active contract’s loftiest close since Nov. 12, according to FactSet data. For last week, WTI rose roughly 3%.
Global benchmark April Brent LCOJ9, -3.69% fell $2.25, or 3.4%, at $64.87 a barrel on ICE Futures Europe, having traded above $67 earlier. Friday’s finish also represented its highest since Nov. 12. The international benchmark gained 1.3% for last week, its second weekly gain in a row.
Es ist das größte bekannte konventionelle Ölfeld der Welt: Ghawar im Osten Saudi-Arabiens. Es hat eine dermaßen große Bedeutung, dass die USA einst in Erwägung zogen, es durch einen Militäreinsatz unter ihre Kontrolle zu bringen. Die Saudis wiederum behüteten es lange als Staatsgeheimnis.
Die Ölpreise sind am Montag auf den höchsten Stand seit fünf Monaten geklettert. Hauptgrund ist die Förderbremse der Opec-Staaten und verbündeter Exportländer. Händler verwiesen zudem auf die guten US-Arbeitsmarktdaten vom Freitag.
Zudem verknappen die US-Sanktionen gegen Iran und Venezuela das Angebot. Der Preis für die führende Ölsorte Brent verteuerte sich um 0,5 Prozent auf 70,69 Dollar je Barrel. Der Preis für die US-Leichtöl-Sorte WTI stieg um 0,6 Prozent auf 63,43 Dollar.
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