(Reuters) - Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Brent crude futures rose $1.02, or 1.2%, to $87.50 a barrel by 0924 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped $1.36,... Continue Reading →

(Reuters) - Oil prices were steady on Monday as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output. Brent crude was down 24 cents, or 0.3%, at $85.82 a barrel by 1200 GMT. Earlier in the session, the contract touched its highest since... Continue Reading →

(Reuters) - Frantic oil buying driven by supply outages and signs the Omicron variant won't be as disruptive as feared has pushed some crude grades to multi-year highs, suggesting the rally in Brent futures could be sustained a while longer, traders said. Prices for physical cargoes do not always trade in tandem with oil futures... Continue Reading →

(Reuters) - Oil futures rose on Friday on course for a fourth weekly gain boosted by supply constraints and a weaker dollar and despite sources saying China is set to release crude reserves around the Lunar New Year. read more Brent crude futures rose $1.16, or 1.4%, to a two-and-a-half month high of $85.63 a barrel... Continue Reading →

Reuters) - Oil prices steadied near 2-month highs on Thursday, with Brent crude trading near $85 a barrel buoyed by expectations that a strong economic recovery will boost demand, but rising U.S. inventories and high inflation capped gains. Brent crude futures gained 15 cents, or 0.2%, to $84.82 a barrel, by 1024 GMT. U.S. West... Continue Reading →

(Reuters) - Oil prices hit two-month highs on Wednesday on tight supply as crude inventories in the United States, the world's top consumer, fell to their lowest since 2018, and as the dollar weakened and worries eased about the Omicron coronavirus variant. U.S. crude inventories fell 4.6 million barrels last week to 413.3 million barrels,... Continue Reading →

(Reuters) - Oil prices that rallied 50% in 2021 will power further ahead this year, analysts predict, saying a lack of production capacity and limited investment in the sector could lift crude above $100 a barrel. Though the Omicron coronavirus variant has pushed COVID-19 cases far above peaks hit last year, analysts say oil prices... Continue Reading →

(Reuters) - Oil rose to more than $83 a barrel on Tuesday, supported by tight supply and expectations that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery. A lack of capacity in some countries has meant that supply additions by the Organization of the Petroleum Exporting... Continue Reading →

(Reuters) - Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections. Brent crude rose 19 cents, or 0.2%, to $81.94 a barrel at 1006 GMT, and U.S. West Texas Intermediate (WTI) crude was up 20 cents, or 0.3%, at $79.10... Continue Reading →

(Reuters) - Oil prices rose and were heading for their biggest weekly gains since mid-December on Friday as unrest in Kazakhstan and outages in Libya spurred concerns over supply. Brent crude climbed 70 cents, or 0.9%, to $82.69 a barrel at 1229 GMT. U.S. West Texas Intermediate (WTI) crude rose 59 cents, or 0.7%, to... Continue Reading →