Brent Crude Oil Prices News
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FTSE futures slipped 0.5 percent while Eurostoxx 50 futures eased 0.1 percent.
Brent crude futures rose to $71.09 per barrel at 0104 GMT, up 7 cents from their last close. Brent surged more than 3 percent on Tuesday to hit its highest level since late 2014, at $71.34 a barrel.
Crude prices fell on Monday with the onset of lower demand autumn trading and as weak economic data out of China and soft gasoline prices pressured the market.
US crude futures were trading at $44.86 per barrel at 0215 GMT, up 23 cents from their last settlement, pushed by a slight fall in drilling activity.
US benchmark West Texas Intermediate for October delivery fell 65 cents to USD 43.50 while Brent crude for October dropped 76 cents to USD 46.82 in late-morning trade.
US benchmark West Texas Intermediate for October delivery fell 45 cents to USD 45.80 while Brent crude for October slipped 38 cents to USD 50.12 in late-morning trade.
International benchmark Brent crude climbed 10 percent last week but was still heading for its fourth straight monthly decline and has risen in only two of the past 14 months.
US benchmark West Texas Intermediate for October delivery eased 79 cents to USD 44.43 while Brent crude for October fell USD 1.00 to USD 49.05 in late-morning trade.
That came after Brent climbed 10 percent last week, while US crude finished the week up 12 percent.
Futures of U.S. crude and Brent, the global oil benchmark, are both down more than 16 percent on the month.
US benchmark West Texas Intermediate for September delivery fell 17 cents to USD 42.45 a barrel and Brent crude for October dipped 23 cents to USD 48.58 a barrel in late-morning Asian trade.
Both crude oil benchmarks are now almost a third below their last peak from May, and analysts say more falls could lie ahead.
Oil prices resumed their decline in Asia on Monday as a global glut of crude supplies showed no signs of abating in the face of sluggish demand, analysts said.
"We`re talking about September crude runs now and that`s pretty much past summer," said Tony Nunan, a risk manager at Mitsubishi Corp.
US benchmark West Texas Intermediate for September fell 36 cents to $46.76 while Brent crude for September eased 42 cents to $51.79 in morning trade.
US benchmark West Texas Intermediate for September delivery fell 36 cents to $48.16 and Brent crude for September shed 29 cents to $53.02 a barrel in late-morning trade.
US benchmark West Texas Intermediate (WTI) for September delivery was up 13 cents at USD 48.92 and Brent crude gained 32 cents to USD 53.70 a barrel in late-morning trade.
Both the dollar and euro held steady in early Asian trade after the dollar index slipped 0.7 percent in the previous session. The euro surged to a two-week high overnight, which had helped to support oil prices.
A strong dollar and signs of increasing US oil production added pressure on oil prices, which have already been depressed by a global crude oversupply, analysts said.
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