Brent Nears $100 On Oversupply
Brent crude oil (BNO, quote) dipped below $101 on Monday morning after last week’s jobs data disappointed. The commodity traded at $100.81 at 4:50 GMT as investors worried about demand in an oversupplied market.
Moscow
ECB Under More Pressure As PMI Slips
The euro remained below $1.32 on Tuesday morning as the European Central Bank’s (ECB) September policy meeting approached.
Euro Unsteady Ahead Of Inflation Data
The euro dipped below $1.32 on Friday morning as investors kept a keen eye on the developing situation in Ukraine. The common currency traded at $1.3182 at 6:15 GMT after U.S. economic data helped the dollar rally.
Brent Steady Near $107 Amid Global Supply Glut
Brent crude oil (BNO, quote) was steady above $107 as investors kept an eye on global instabilities, but relaxed their worries about a supply interruptions as the market appears to have a glut of crude.
Brent Steady As Iraqi Exports Look Unaffected
Brent crude oil (BNO, quote) was steady just below $114 as worries about a supply interruption in Iraq faded. The commodity traded at $113.78 at 8:50 GMT as investors evaluated whether or not the Middle Eastern nation’s ongoing conflict would escalate further and tighten global supplies.
Brent Slides On Libyan Port Reopening
Brent crude oil (BNO, quote) suffered its largest loss in almost a month, bringing it down near $108.
Brent Supported By Uncertainty In Ukraine
Brent crude oil (BNO, quote) approached $110 on Friday morning and traded at $109.99 at 8:00 GMT as investors kept a close eye on Ukraine where the conflict between government forces and pro-Russia separatists escalated.
Brent Below $109 On Hopes Of A Solution In Ukraine
Brent crude oil (BNO, quote) slipped below $109 to $108.58 at 5:50 GMT on Tuesday morning as investors put their faith in a meeting set to take place on Thursday between the US, the EU, Russia (RSX, quote) and Ukraine.
Geopolitical Tension Keeps Brent Above $106
Brent crude oil (BNO, quote) slid lower on Tuesday after PMI data added to worries about a waning global demand outlook. The commodity traded at 106.63 at 5:20 GMT as the confrontation between the West and Russia helped keep a floor under prices.
Ukraine rejects Crimea’s accession treaty with Russia
Ukraine refused to accept the treaty under which Russia annexed the “self-proclaimed” Republic of Crimea and the city of Sevastopol as part of its territory, the Ukrainian Foreign Ministry said Tuesday.