Oil

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  • $49.59
  • 0.11 (0.22%)

News

Oil price slips amid Trump comments

Trump says oil price "artificially high"

The oil price edged a little lower Friday after Us President Trump tweeted his unhappiness with the "artificially very high" oil price and OPEC's hand in that.

2 days ago
  • Citi details wildcards that could push oil up to $80 per barrel

    Oil prices have risen to the highest level since 2014, helping to lift oil stocks higher Wednesday. Rising geopolitical fears coupled with the ongoing OPEC output cap, means the price of Brent crude oil is moving closer to the $70 per barrel level.

    January 2018
  • Forties pipeline remains shut as repair work progresses

    The oil price is rising again Tuesday, on slower output fears and amid expectations that US oil inventories fell again, last week.

    December 2017
  • Record US oil output tempers gains a little

    The oil price is higher Friday, as the Forties pipeline closure continues to add to upward pressure on oil stocks. Oil price gains come despite news of rising US oil output.

    December 2017
  • Forties pipeline repair could take weeks

    The oil price topped $65 per barrel Tuesday, a price not achieved since 2015, on news a major North Sea pipeline would be shutdown for ‘a matter of weeks’. The news exacerbates growing output concerns on geopolitical tensions and pushed the price of Brent Crude and US WI oil higher.

    December 2017
  • Geopolitical concerns support

    The oil price turned positive in early Monday afternoon trading, reversing an earlier fall. Oil production related news was mixed, with likely rising US production countering geopolitically-output related news elsewhere.

    December 2017
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