NEW YORK Brent crude oil futures closed above $116 a barrel at the highest level in more than three months on Wednesday, as a sharp drawdown in U.S. crude stockpiles and expectations for lower North Sea oil output painted a tighter supply picture on both sides of the Atlantic.
NEW YORK Brent crude oil futures climbed to three-month highs above $115 a barrel on Wednesday as a larger-than-expected drawdown in U.S. crude stockpiles combined with expected lower North Sea oil output to paint a tighter supply picture on both sides of the Atlantic.
NEW YORK Brent oil futures ended at a fresh three-month high on Tuesday as strong U.S. retail sales, tighter North Sea crude supplies and speculation about economic stimulus outweighed weak euro zone growth data.
NEW YORK Oil futures rose on Thursday, with Brent gaining for the fifth straight session, lifted by stronger-than-expected economic data from the United States, a lower outlook for North Sea Brent production and persistent hopes for economic stimulus.
NEW YORK Oil futures turned mixed in late trading on Wednesday after leaping to three-month highs on U.S. government data showing a sharp drawdown in domestic crude stockpiles last week and amid worries about lower North Sea oil production.
NEW YORK Oil futures ended up but off its highs in choppy trading on Wednesday after the U.S. Federal Reserve said the economy had lost some momentum but offered no new stimulus that could shore up growth and translate into higher fuel demand.
NEW YORK Oil futures rose for a third straight day on Thursday after a pledge by the European Central Bank to protect the euro zone eased some worries about the region's debt crisis.
NEW YORK Oil futures rose for a third straight day on Thursday, with Brent above $105 a barrel, after Europe's central bank pledged it would protect the euro zone from collapse, while U.S. data showed jobless claims fell last week.
NEW YORK Crude oil futures made a strong comeback on Wednesday, with Brent closing above $104, recovering from session lows on fears that Middle East turmoil could worsen and rising hopes for more U.S. Fed stimulus.
NEW YORK Oil fell back for the third day in four on Wednesday as an unexpected rise in U.S. crude stockpiles extended losses and deepened demand worries already turning bleak with the growing euro zone crisis.