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Buz Investors Oil pushes higher on worries The commodity is trading at $53.74 per barrel at 10:40 GMT this morning, 0.19% higher from the New York close. Crude oil witnessed a high of $54.05 Energy 

Brent decreased 0.41 USD/BBL or 0.79%

Brent decreased 0.41 USD/BBL or 0.79% Oil Buz Investors Brent decreased 0.41 At 10:40 GMT, the commodity is trading at $49.41 per barrel, 0.42% lower from the New York close. During the session, crude oil traded at a high of $49.80 per barrel and a low of $49.31 per barrel. The commodity advanced in the New York session yesterday, closing 1.29% higher at $49.62 per barrel, amid rising concerns that growing US crude production may undermine efforts to rebalance global supply. Crude oil has its first support at $48.62 per…

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Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened. Brent crude oil was down 50 cents at $42.97 a barrel by 1010 GMT, after touching $42.88, its lowest since April 20. U.S. light crude was down 20 cents at $41.72. U.S. government data on Wednesday revealed a surprise rise in crude and gasoline inventories. The build added to an already huge global refined product glut just as slowing economic growth dents the demand outlook. "U.S. commercial stocks are a good reflection of the oversupplied nature of the global oil market," said Tamas Varga, lead oil analyst at London brokerage PVM Oil Associates. Oil markets have been dogged by oversupply for the last two years and fell by as much as 70 percent between 2014 and early 2016, when Brent hit the lowest in more than a decade at around $27 per barrel. Markets have since recovered some ground but oil remains very weak and low refining margins are hurting energy companies. Energy major Royal Dutch Shell reported a more than 70 percent fall in quarterly profit on Thursday, well below analysts' estimates, as weak oil and gas prices further ate into revenue. Shell's net income came in at $1 billion in the second quarter, compared with expectations of $2.2 billion and $3.8 billion achieved in the same period last year. Market Trends 

Brent crude oil Thursday March 2

Brent crude oil  Thursday March 2 Oil Buz Investors Brent crude oil  Thursday  The commodity is trading at $53.38 per barrel at 10:40 GMT this morning, 0.54% lower from the New York close. Crude oil witnessed a high of $53.78 per barrel and a low of $53.30 per barrel during the session. In the New York session yesterday, crude oil fell 0.96% to close at $53.67 per barrel, after the EIA reported that US crude oil stockpiles increased by 1.5 million barrels to 520.2 million barrels last week, advancing for an…

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Brent crude oil rises further above $50 Energy 

Brent crude oil rises further above $50

Brent crude oil rises further above $50 Oil Buz Investors crude oil rises The commodity is trading at $49.36 per barrel at 09:40 GMT this morning, 0.28% higher from the New York close. Crude oil witnessed a high of $49.48 per barrel and a low of $49.00 per barrel during the session. In the New York session yesterday, crude oil rose 0.33% to close at $49.22 per barrel, after the EIA disclosed that US crude oil inventories unexpectedly declined by 553,000 barrels last week. Immediate downside, the first support level…

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Oil drifts after Brent breaks $50 a barrel Energy 

Oil drifts after Brent breaks $50 a barrel

Oil drifts after Brent breaks $50 a barrel Oil Buz Traders Watch with cauiion Oil drifts after Brent breaks $50  At 09:40 GMT, the commodity is trading at $48.74 per barrel, 1.44% higher from the New York close. During the session, crude oil traded at a high of $48.87 per barrel and a low of $47.79 per barrel. The commodity advanced in the New York session on Friday, closing 0.19% higher at $48.05 per barrel, extending its previous session gains. Separately, Baker Hughes disclosed that the US oil rig count advanced by…

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Brent Oil Prices Extend Declines Following Range Break Forex News 

Brent Oil Prices Extend Declines Following Range Break

Brent Oil Prices Extend Declines Following Range Break Investors Buz  –  Global Markets Roundup Brent crude oil prices (UKOIL) tumbled on Monday, following a range break on Friday. Selling pressure started in early Asian trading, while a break lower was triggered in early North American trading that sent the instrument to 10-week lows. UKOIL was last seen at $44.83 for a decline of 1.87% on the day. Brent oil prices fell into a range in the second week of July, and have been trading in a broader zone between $46.00…

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