Category: Brent

Brent Near $80 as Market Shrugs Off Omicron

December 28, 2021
BrentBusiness & EconomycommoditiesmarketMarketsOilOmicron
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LONDON—Oil prices extended gains on Tuesday, with Brent crude trading near $80 a barrel despite the rapid spread of the Omicron coronavirus variant, supported by supply outages and expectations that U.S. inventories fell last week. Brent crude rose by $1.04, or 1.3 percent, to $79.64 a barrel by 1119 GMT. U.S. West Texas Intermediate (WTI)…

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Oil Climbs for Sixth Day on Supply Concerns, Brent Tops $80

September 28, 2021
Asia & PacificBrentBusiness & EconomyCompaniesconcernsEconomieseconomyEuropeInternationalMarketsOilsupplyUKUSWorld
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TOKYO—Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while surging prices of liquefied natural gas (LNG) and coal also lent support. Brent crude futures gained $1.05, or 1.3 percent, to $80.58 a barrel at 0645 GMT, after reaching its highest since October 2018 at $80.75 earlier…

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