West Texas Intermediate crude traded near a two-week low on signs of a manufacturing slowdown in China, the world’s second-largest oil consumer. Brent was steady in London amid concern the crisis in Ukraine may worsen.
West Texas Intermediate crude traded near the highest close in three weeks as the U.S. and Russia sought to defuse the crisis over Ukraine. Brent stayed near a 14-day peak amid persisting supply disruption from Libya.
West Texas Intermediate crude fell for a second day, trimming a monthly advance amid speculation demand may slow in the U.S., the world’s biggest oil consumer. Brent swung between gains and losses in London.
West Texas Intermediate crude fell for a second day, trimming a monthly advance amid speculation demand may slow in the U.S., the world’s biggest oil consumer, as refineries enter the spring maintenance season.
Following are comments from Jonathan Barratt, managing director at Commodity Broking Services Pty. in Sydney, on the outlook for a Group of 20 farm ministers meeting in Paris today. He spoke to Linzie Janis on Bloomberg Television’s “First Look.”
Iran’s pledge to restrict nuclear work in return for loosened economic sanctions may have a limited effect on crude prices, said analysts who called today’s 2.7 percent slump in Brent a “knee-jerk” reaction.