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Oil prices fall after US stockpiles hit record

Oil prices fell on Wednesday as US commercial crude-oil stockpiles hit an all-time high on the strength of production in the world's biggest oil-consuming country. New York's main contract, West Texas Intermediate (WTI) for delivery in June, fell 31 cents on its first day of trade to $101.44 a barrel. Brent North Sea crude for June shed 16 cents to finish at $109.11 a barrel in London. The US Department of Energy reported commercial crude-oil stocks rose 3.5 million barrels to 397.7 million barrels for the week ended April 18.

Oil prices gain on Russia-Ukraine tensions

Oil prices advanced on Monday as concerns about the impact of escalating Russia-Ukraine tensions on supplies offset an expected resumption to Libyan crude exports, analysts said. US benchmark West Texas Intermediate (WTI) for delivery in May rose 17 cents to $103.91 a barrel compared with Friday's close. Brent North Sea crude for May won 80 cents to stand at $108.38 a barrel in late London deals.

Oil prices steady amid Russia-Ukraine tensions

Oil prices steadied on Monday as escalating Russia-Ukraine tensions that could affect energy supplies heading West offset an expected resumption to Libyan crude exports, analysts said. US benchmark West Texas Intermediate (WTI) for delivery in May fell 19 cents to $103.55 a barrel compared with Friday's close. Brent North Sea crude for May edged up five cents to stand at $107.38 a barrel around midday in London.

Oil prices up as Russia-Ukraine tensions escalate

Oil prices edged higher in Asian trade Monday on escalating Russia-Ukraine tensions that had Moscow and the West locking horns at emergency UN talks, analysts said. US benchmark West Texas Intermediate (WTI) for May delivery gained 50 cents to $104.24 per barrel in afternoon trade while Brent North Sea crude for May rose 58 cents to $107.91.

Oil prices up as Russia-Ukraine tensions escalate

Oil prices edged higher in Asian trade Monday on escalating Russia-Ukraine tensions that had Moscow and the West locking horns at emergency UN talks, analysts said. US benchmark West Texas Intermediate (WTI) for May delivery gained 51 cents to $104.25 per barrel in mid-morning Asian trade while Brent North Sea crude for May rose 52 cents to $107.85.

Oil market rally on resurgent Ukraine tensions

Global oil prices advanced on Tuesday on renewed Ukraine tensions after pro-Russian protesters seized government buildings in the eastern city of Donetsk. New York's West Texas Intermediate (WTI) for delivery in May won 82 cents to $101.26 per barrel. Brent North Sea crude for May gained 50 cents to $106.32 a barrel in late afternoon trade in London. "Crude futures are higher on both sides of the Atlantic, with volume in WTI higher than normal and Brent volume a little light so far," said Addison Armstrong, senior director of market research for Tradition Energy.

Oil drops on news Libyan export terminals will reopen

Global oil prices fell on Monday after rebels agreed to reopen two of the four blockaded oil-export terminals in eastern Libya, suggesting the country's blockaded supplies might come back on the market. New York's West Texas Intermediate for delivery in May finished at $100.44 a barrel, a decline of 70 cents from Friday's close. Brent North Sea crude for May dropped 90 cents to settle at $105.82 a barrel in London. "News from Libya (is) weighing on the prices," said Commerzbank analyst Carsten Fritsch.

Oil market falls on Libya news

Global oil prices weakened on Monday after rebels agreed to reopen two of the four blockaded oil terminals in eastern Libya, analysts said. New York's West Texas Intermediate (WTI) for delivery in May dipped 47 cents to $100.67 per barrel. Brent North Sea crude for May dropped $1.14 to $105.58 a barrel in early afternoon London deals. "News from Libya (is) weighing on the prices," said Commerzbank analyst Carsten Fritsch.

Oil prices ease in Asian trade

Crude prices dropped in Asian trade Monday after rebels agreed to reopen two of the four blockaded oil terminals in eastern Libya, analysts said. New York's main contract West Texas Intermediate (WTI) for May delivery dropped 30 cents to $100.84 a barrel in afternoon trade and Brent North Sea crude for May slid 80 cents to $105.92. The announcement of a deal to reopen the Zueitina and Al-Hariga terminals was made in Zueitina in the presence of government members and rebel chief Ibrahim Jodhran.

Oil prices ease in Asian trade

Crude prices dropped in Asian trade Monday after rebels agreed to reopen two of the four blockaded oil terminals in eastern Libya, analysts said. New York's main contract West Texas Intermediate (WTI) for May delivery dropped 26 cents to $100.88 a barrel in mid-morning trade and Brent North Sea crude for May slid 82 cents to $105.90. The announcement of a deal to reopen the Zueitina and Al-Hariga terminals was made in Zueitina in the presence of government members and rebel chief Ibrahim Jodhran.
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