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Brent crude oil price News

20 Apr 2020

Crude oil plunges to lowest since 1986 at $10.34 a barrel

Oil prices have collapsed by more than 60% since January to levels well below the costs necessary for many shale drillers to break even, leading to drilling halts and drastic spending cuts.

12 Apr 2016

Oil hits 2016 high above $43 on producer meeting hopes

Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by a weak U.S. dollar and further signs of strong demand in China.

07 Jan 2016

Oil extends losses, nears $33 a barrel

Oil prices plunged close to $33 a barrel on Thursday as crude extended losses on rising US energy stockpiles and China's weakening currency.

14 Dec 2015

Oil prices drop towards 11-year lows on glut fears

Brent crude fell by 3.4 percent below $37 a barrel for the first time since December 2008 and U.S. West Texas Intermediate (WTI), sank 2.5 percent below $35 a barrel.

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