SINGAPORE Brent futures dipped towards $111 a barrel on Thursday as supply fears eased after Libya declared an end to an oil crisis that has cut exports from the OPEC member to a trickle, although declines will be capped by concerns over Iraq.
SINGAPORE Brent crude climbed to a nine-month high near $114 a barrel on Friday, as supply disruption fears took center stage after the United States threatened military action in Iraq against Sunni Islamist militants who are pushing on towards Baghdad.
SINGAPORE Brent futures rose on Wednesday, holding above $110 a barrel on renewed optimism over steady demand growth in the world's top oil consumer the United States, following healthy economic data, with supply disruption concerns providing additional support.
SINGAPORE Brent crude rose towards $111 per barrel on Tuesday amid supply disruption worries as Ukraine launched air strikes to put down a separatist revolt and Libya struggled to rein in rebels.
SINGAPORE Brent crude held steady above $108 per barrel on Friday, supported by renewed tension in Ukraine and continued limited supply from Libya, but was on track for a second weekly loss.
SINGAPORE Brent futures held near seven-week highs above $110 a barrel on Friday as escalating tensions over Ukraine between top oil producer Russia and the West worsened supply disruption fears.
SINGAPORE Brent futures held above $109 a barrel on Wednesday with the global demand growth outlook largely unchanged after a Chinese manufacturing survey showed an easing pace of decline, while the unfolding Ukraine crisis kept any losses in check.
SINGAPORE Brent futures held near a six-week high of more than $110 a barrel on Tuesday on worries a pact to calm tensions in Ukraine was faltering, although expectations of a gain in U.S. crude stockpiles weighed on prices.
SINGAPORE Brent futures fell towards $108 a barrel on Wednesday as demand growth concerns at the world's two biggest oil consumers overshadowed fears of supply disruption with geopolitical tensions over Ukraine worsening.
SINGAPORE Brent futures slipped towards $109 on Thursday on worries an easing of the severe chill in the United States will lower demand for heating fuels and remove a key support for oil, though supply-disruption concerns kept the losses in check.