Tag Archives: ThePrint

Oil up 2% on Libya Shutdowns, Mideast Escalation Fears

Oil prices rose 2% on Monday on news of fresh production outages in Libya, adding to earlier gains on concerns that an escalating Gaza conflict could disrupt regional oil supplies. Brent crude futures climbed $1.64, or 2.08%, to $80.66 a barrel by 1041 GMT, while U.S. crude futures were at …

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Oil Prices Dip amid Flurry of Weak European Economic Data

Oil prices dipped on Tuesday following the previous session’s slump, while a flurry of economic data from Germany, the wider euro zone and Britain sketched a bearish picture that could weigh on oil demand. Moving between positive and negative territory in the session, Brent crude futures were down 47 cents, …

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