Brent and WTI last week registered their biggest weekly gains since June
.S. West Texas Intermediate crude futures also advanced 30 cents, or 0.49%, to $62.09
Crude stocks fell by 961,000 barrels to 422.8 million barrels last week
Prices stabilised on Tuesday after hitting their lowest levels since early May on Monday
U.S. West Texas Intermediate futures were also up 10 cents, or 0.17%
U.S. West Texas Intermediate futures fell 14 cents, or 0.2%, to $58.56
U.S. West Texas Intermediate crude was down 2.1%
Brent and U.S. crude futures fell more than $2 a barrel
Crude futures are in a corrective phase
top Russian diplomat said the impetus to reach a peace deal with Ukraine was largely exhausted
West Texas Intermediate crude was down 20 cents, or 0.32%, to $61.49
Russia was advocating for an increase of 137,000 bpd to avoid pressuring prices
Oil prices are stabilizing at $60.00 a barrel after falling over 7.5% this week
OPEC+ could agree to raise oil production by up to 500,000 barrels per day
U.S. gasoline futures were on track for their lowest close since September 2024
OPEC+ has been pumping almost 500,000 bpd less than its targets
Markets continued to be focused on the situation between Russia and Ukraine
The market is expecting supply excess and stock builds globally
Pipeline oil exports from Iraq's Kurdistan region to Turkey had yet to restart on Tuesday
Brent crude oil futures dipped 25 cents, or 0.4%, to $66.43 a barrel
U.S. West Texas Intermediate futures lost 72 cents, or 1.13%, to $62.85
S. West Texas Intermediate (WTI) crude rose 23 cents, or 0.4%
Russia's oil pipeline monopoly Transneft has warned producers they may have to cut output
U.S. West Texas Intermediate crude was at $63.25 a barrel
U.S. West Texas Intermediate crude futures rose 98 cents, or 1.5%, to $63.60
Brent crude climbed 48 cents, or 0.73%, to $65.98 a barrel
Brent crude futures fell 67 cents, or 1.0%, to $66.93 a barrel
The prospect of OPEC+ raising oil production has increased
Moscow and Kyiv have ramped up fire exchanges in their three-and-a-half-year conflict
U.S. West Texas Intermediate crude futures rose by 76 cents, or 1.2%, to $64.77