Latest Brent crude markets News

World shares mixed, oil higher after Russia price cap pact

Dec. 05, 2022 03:57 AM EST

World shares were mixed and oil prices rose Monday after the European Union and the Group of Seven democracies agreed on a boycott of most Russian oil and committed to a price cap of $60 per barrel on Russian exports. Germany's DAX slipped 0.3% to 14,490.99 and the CAC 40 in Paris...

Russian oil price cap, EU ban aim to limit Kremlin war chest

Dec. 05, 2022 07:16 AM EST

FRANKFURT, Germany (AP) — Oil prices rose Monday as the first strong measures to limit Russia's oil profits over the war in Ukraine took effect, bringing with them uncertainty about how much crude could be lost to the global economy through the new sanctions or Russian retaliation. ...

Closing prices for crude oil, gold and other commodities

Dec. 02, 2022 15:19 PM EST

Benchmark U.S. crude oil for January delivery fell $1.24 to $79.98 a barrel Friday. Brent crude for February delivery fell $1.31 to $85.57 a barrel. Wholesale gasoline for January delivery fell 6 cents to $2.28 a gallon. January heating oil fell 9 cents to $3.17 a gallon. January...

Asian shares sink on revived worries over recession, China

Dec. 02, 2022 00:33 AM EST

BANGKOK (AP) — Shares retreated in Asia on Friday after a mixed day on Wall Street as optimism over signs the Federal Reserve may temper its aggressive interest rate hikes was replaced by worries the economy might be headed for a recession. A U.S. measure of inflation that’s...

Closing prices for crude oil, gold and other commodities

Dec. 01, 2022 15:37 PM EST

Benchmark U.S. crude oil for January delivery rose 67 cents to $81.22 a barrel Thursday. Brent crude for February delivery fell 9 cents to $86.88 a barrel. Wholesale gasoline for January delivery fell 4 cents to $2.34 a gallon. January heating oil fell 10 cents to $3.26 a gallon....

Asian shares gain after Fed chair signals slower rate hikes

Nov. 30, 2022 23:18 PM EST

BANGKOK (AP) — Shares advanced in Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation. Signs that China may be shifting its approach to containing COVID-19 outbreaks to focus more...

Closing prices for crude oil, gold and other commodities

Nov. 30, 2022 15:22 PM EST

Benchmark U.S. crude oil for January delivery rose $2.35 to $80.55 a barrel Wednesday. Brent crude for January delivery rose $2.40 to $85.43 a barrel. Wholesale gasoline for December delivery rose 9 cents to $2.42 a gallon. December heating oil rose 6 cents to $3.36 a gallon. January...

Asian shares mostly decline ahead of Fed chair's key speech

Nov. 29, 2022 23:28 PM EST

TOKYO (AP) — Asian shares were mostly lower Wednesday ahead of a closely watched speech by the Federal Reserve chief that may give clues about future interest rate hikes. Investors were also eyeing developments in China, where protests have erupted over the “zero-COVID”...

Closing prices for crude oil, gold and other commodities

Nov. 29, 2022 15:32 PM EST

Benchmark U.S. crude oil for January delivery rose 96 cents to $78.20 a barrel Tuesday. Brent crude for January delivery fell 16 cents to $83.03 a barrel. Wholesale gasoline for December delivery was unchanged at $2.33 a gallon. December heating oil rose 8 cents to $3.30 a gallon....

Asian shares rise except Japan as markets eye China protests

Nov. 28, 2022 21:22 PM EST

TOKYO (AP) — Asian shares were mostly higher Tuesday as market jitters declined over protests in China set off by growing public anger over COVID-19 restrictions. Benchmarks rose in early trading in Australia, South Korea and China, while shares fell in Japan. Oil prices fell. ...