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Tag Archives: Brent Crude

Brent Oil Slides to 11-Year Low

Brent crude slumped to the lowest price since mid-2004 amid speculation suppliers from the Middle East to the U.S. will exacerbate a record glut as they fight for market share. Futures fell as much as 2.2 percent in London after a 2.8 percent drop last week. Producers are focusing on …

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Brent Crude Falls; Oil Prices End at Nearly Seven-Year Lows

Brent crude dipped below $40 a barrel Tuesday in a selloff that has raised a worrisome possibility: that oil prices could be even lower next year than they have been in 2015. In a volatile trading session oil prices closed at nearly seven-year lows, extending losses that have rattled global …

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Brent Crude Falls Below $50 a Barrel

The world’s benchmark oil price fell to less than $50 a barrel Monday for the first time in six months as a sluggish global economy and rampant oil boom keep crude markets falling. Monday’s selloff widens losses from July that plunged oil into a bear market. Record production in the …

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Central Bank of Russia will Acquire 100 ML USD Daily

Russia’s Central Bank bought 200 ml USD on its internal currency market on May 26, the Russian news agency InterFax reported. In national currency the amount constituted 10,1 billion Rubles. Central Bank of Russia has been executing such operations since May 13. Local news agencies report that the Central Bank …

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