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Add to Bookmarks By Yuka Obayashi Brent crude oil futures were up 33 cents, or 0.5%, at $69.79 a barrel by 0644 GMT, while West Texas Intermediate (WTI) was up 30 cents, or 0.5%, at $66.57 a barrel. Both contracts rose more than 1% on Monday. “Behind the gain is growing optimism of strong recovery in gasoline and other fuels in the United States and Europe in light of easing of various pandemic-related restrictions,” said Chiyoki Chen, chief analyst at Sunward Trading. “There are concerns about spreading infection cases in Asia, but it will be solved in a matter of time as the vaccine s...

Add to Bookmarks U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher early Tuesday, helped by optimism for increased fuel demand following the reopenings of the U.S. and European economies. These increasing hopes for sooner-than-expected demand normalization are offsetting concerns over spreading COVID-19 cases in India and Brazil. At 07:02 GMT, July WTI crude oil is trading $66.58, up $0.30 or +0.45% and July Brent crude oil is at $69.81, up $0.35 or +0.50%. Advertisement Start Trading Trading Derivatives carries a high level of risk to your ca...

Oil prices rose as much as a dollar on Thursday, extending this week's gains and hitting 13-month highs, as a cold snap sweeping Texas and ...

Oil prices rallied again on Thursday to hit 13-month highs as concerns that a rare cold snap in Texas could disrupt U.S. crude output for days or even weeks prompted fresh buying. Brent crude was up 56 cents, or 0.9%, at $64.90 a barrel at 0744 GMT, after rising to $65.62 earlier in the session, ...

Oil prices have rallied again to hit 13-month highs as concerns that a rare cold snap in the US state of Texas could disrupt crude output in the United States for days or even weeks prompted investors to buy energy futures. Brent crude climbed 89 cents, or 1.4 percent, to $65.23 a barrel by 05:24 GMT on Thursday, touching its highest level since January 20, 2020. US West Texas Intermediate (WTI) crude futures gained 66 cents, or 1.1 percent, to $61.80 a barrel, registering its highest since January 8, 2020. Both benchmarks rose about $1 on Wednesday and have gained more than 6 percent since t...