Energy Information Administration

Brent crude oil traded near a nine-month low on Thursday as an oversupplied market continued to outweigh geopolitical tension around the globe. The commodity traded at $104.68 at 8:50 GMT despite a modest drop in U.S. crude inventories last week. Reuters reported that the Energy Information...

Brent crude oil made its way toward $105 on Wednesday morning after falling to a nine-month low on Tuesday as soft global demand weighed on prices. The commodity traded at $104.82 at 6:20 GMT following the release of U.S. inventory data, which showed a larger than expected drop. The American...

Brent crude oil looked poised to post its largest monthly loss in more than a year on Thursday as it traded at $105.72 at 7:45 GMT. The commodity was under pressure as data indicated that global supply may be far surpassing demand. On Wednesday, the Energy Information Administration reported...

Brent crude oil traded steadily at $107.52 at 7:00 GMT on Wednesday morning as investors anxiously awaited the Federal Reserve meeting outcome as well as key U.S. data, due out on Wednesday and Friday. The commodity has been under pressure recently despite ongoing conflicts in oil-rich regions...

Brent crude oil was on the rise on Tuesday morning, trading at $107.98 at 9:00 GMT. The commodity was boosted by the ongoing geopolitical issues around the globe as well as expectations for a further draw in U.S. crude stockpiles. American Petroleum Institute is set to release a report...

Brent crude oil continued to fall for the ninth consecutive session on Thursday as investors turned their attention from supply concerns to demand. The commodity traded at $108.17 at 6:00 GMT following the release of worse than expected US inventory data. Despite data showing that the US...

Brent crude oil continued to tumble on Wednesday as Libya reopened its El Sharara oilfield. The commodity traded at $108.44 at 8:40 GMT as supply concerns eased. CNBC reported that Libya’s National Oil Corp announced that the El Sharara oilfield had reopened after four months of being...

Brent crude oil was steady at $112.36 at 5:00 GMT on Wednesday morning after easing geopolitical tension took the commodity to a three week low on Tuesday. CNBC reported that Libya looked set to restore some of its lost export capacity after rebels who had been blocking two of the nation’...

Brent crude oil approached a nine month high as fighting in Iraq continued to threaten the nation's supplies. The commodity traded at $114.50 at 8:20 GMT as investors kept an eye out for any new developments in the unfolding crisis. Foreign companies have evacuated their workers from Iraqi...

Brent crude oil maintained its position above $113 on Wednesday morning as supply worries worsened due to the conflict in Iraq. According to Reuters, Baiji, the nation's largest refinery, was closed on Tuesday night as foreign oil companies evacuated their staff. Brent crude oil traded at...

Brent crude oil fell to a three week low early on Thursday after reports that Ukraine was moving in a more peaceful direction. The commodity traded at $108.18 at 7:35 GMT as the increasing global supply came into focus. Reuters reported that Western diplomats and Ukraine’s newly elected...

Brent crude oil made its way above $110 following better than expected US data released on Tuesday. The commodity traded at $110.21 at 6:20 GMT on Wednesday morning as the data suggested an improvement in global demand growth. Several important US economic releases came out on Tuesday, all...

Brent crude oil prices climbed as problems in Libya continued and US crude inventory data showed that the nation’s stocks fell last week. The commodity traded at $109.82 at 6:35 GMT on Wednesday morning as investors awaited Energy Information Administration data, due out later in the day....

Brent crude oil made its way above $110 on Thursday as rising tension in Ukraine raised concerns about supply interruptions. The commodity traded at $110.08 at 6:50 GMT, near a three week high. On Wednesday, the Ukrainian government put together a round table discussion in an effort to reign...

Brent crude oil made its way above $109 on Wednesday morning as expectations rose for a drop in US oil inventories and the situation in Ukraine continued to deteriorate. The commodity traded at $109.41 at 6:15 GMT, near a two week high. With the US approaching its summer driving season,...