Oil prices rose to fresh 5-month highs on Tuesday as markets tightened amid OPEC...
SINGAPORE - Oil prices rose to fresh 5-month highs on Tuesday as markets tightened amid OPEC-led supply cuts, U.S. sanctions against Iran and Venezuela, and escalating violence in Libya.
U.S. West Texas Intermediate crude oil futures also hit a November 2018 high, at $64.77 per barrel, before easing to $64.53, up 13 cents, or 0.2 percent. Goldman said it expected Brent to average $72.50 per barrel during the second quarter, up from a previous forecast of $65 per barrel. Yet despite generally bullish oil markets, concerns that an economic slowdown this year will hit fuel consumption have been preventing crude prices from rising even higher, traders said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Oil at five-month highs amid OPEC-led supply cuts, U.S. sanctionsOil prices rose to their highest level since Nov. 2018 on Monday, driven up by O...
Weiterlesen »
Oil climbs to five-month high amid OPEC cuts, U.S. sanctions and Libya fightingOil prices rose to their highest level since November 2018 on Monday, driven upw...
Weiterlesen »
Oil hits November 2018 highs amid OPEC supply cuts, U.S. sanctionsOil prices rose to five-month highs on Monday, driven up by OPEC's ongoing ...
Weiterlesen »
The U.S. Oil Boom Is Sinking OPEC ImportsThanks to the U.S. shale revolution, our imports from OPEC have been sinking since 2008. And the good news is that friend Canada has filled in quite nicely.
Weiterlesen »
Russia signals OPEC and allies could raise oil output from JuneOne of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitr...
Weiterlesen »
Forces advance on Libyan capital, threatening to tip key OPEC oil producer into warGeneral Khalifa Haftar has recently sought to secure Libya's southern oil fields, and his forces are now moving west towards Tripoli.
Weiterlesen »
Oil hits 2019 high on OPEC cuts, concerns over demand easeOil hit a 2019 high above $69 a barrel on Tuesday on the prospect that more sanc...
Weiterlesen »
Brent approaches $70 as oil prices rise for fourth dayOil prices rose for a fourth day on Wednesday, with support from OPEC-led supply...
Weiterlesen »
Oil rises to five-month high on firmer China data, prospect of fresh supply curbsOil prices climbed to nearly five-month highs on Tuesday, supported by firm Chin...
Weiterlesen »
Oil slips from five-month highs as economic worries counter tight marketOil prices ease, slipping away from 5-month highs reached earlier in the session as a sluggish economic outlook counter an otherwise tight market by hgloystein More from ReutersEnergy:
Weiterlesen »