Crude oil | Data | Chart | Calendar | Forecast | News
BUZ INVESTORS Oil prices rebounded on Monday, on rising tensions in the Middle East after Saudi Arabia, Egypt, the UAE and other Arab countries cut diplomatic ties with Qatar, accusing the country of supporting terrorism and destabilizing regional stability. Crude oil prices went up 0.5% to $47.9 per barrel and Brent crude oil increased 0.5% to $50.1 per barrel around 10:40 AM London time. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.
The commodity is trading at $47.87 per barrel at 09:40 GMT this morning, 0.27% higher from the New York close. Crude oil witnessed a high of $48.42 per barrel and a low of $47.67 per barrel during the session. In the New York session on Friday, crude oil rose 1.49% to close at $47.74 per barrel. Meanwhile, Baker Hughes reported that US crude oil rig count rose by 11 to 733 last week. Immediate downside, the first support level is seen at $46.93 per barrel, while on the upside, the first resistance level is at $48.61 per barrel.
Oil prices rebounded on Monday
Market quotes are powered by