In Friday trading, Brent crude was priced above US$75 with WTI holding close to US$67 a barrel
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On Friday, Brent crude was priced above US$76 with Brent holding above US$65 a barrel.
Even when the market gets what the market wants, the news is not always warmly received
The market can expect an increase in global supply to ease tightness and higher prices..
While President Trump’s decision was widely expected, many analysts feel it was not priced in; hence the spike in price mid-week.
Traders and investors will be waiting on the US decision, expected on May 12, on the prospect of a US withdrawal from the Iranian nuclear accord
After hitting its highest level in eight months last week, on Monday, Brent crude was changing hands at around US$71.80 per barrel, down just over 1%.
As Trump's trade war with China and the Facebook furore smashed stock markets, the price of crude held up resiliently.
Traders and investors are restless and nervous about sustained growth in shale production.
Brent crude hit a two-week high above US$66 with WTI holding around US$62 a barrel.
This week the oil and gas sector brought news of new exploration campaigns, drilling plans and financial results
On Friday, Brent crude was priced around US$65 with WTI holding above US$61 a barrel.
Brent crude was priced above US$64 with WTI still holding above US$60 a barrel.
In early trading on Friday, Brent crude was close to US$70 with WTI above US$66 a barrel.
As the leading energy players arrive home from a week in the Swiss hills, producers can look forward to a strong end to the first month of the year
In early trading on Friday, Brent crude was priced above US$68 with WTI holding around US$63 a barrel.