Brent crude fell below $54 a barrel in choppy trade on Tuesday, reversing gains earlier in the day as concerns over a growing supply glut weighed on the market. Prices on the other side of the Atlantic fell for a sixth session to just above a...
Oil prices came under renewed pressure in Tuesday's post-settlement trade, after a 3-day losing streak, as an industry group reported a huge build in U.S. crude inventories ahead of official data. Benchmark Brent oil had earlier ended up for the session, supported by a weaker dollar...
(Reuters) - Brent prices fell 2 percent on Monday pressured by European Central Bank bond-buying, while U.S. crude rose about 1 percent on a smaller-than-expected build in inventories at the key Cushing oil hub, leading to a narrowing gap between the two benchmarks. Brent's premium to...
