Commodities

Oil Crude prices

Oil Prices Rise on Potential OPEC+ Supply Cuts; BP Shuts US Refinery Units

SINGAPORE: Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a U.S. refinery. Brent crude rose 45 cents, or 0.4per cent, to US$101.67 a barrel by 0630 GMT. U.S. West Texas Intermediate crude was up 32 cents, …

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Oil Price

Oil Prices Extend Gain by 0.5% After Jerome Powell Signalled Slower Raise on Rates.

Oil prices climbed on Wednesday, extending big gains in the previous session after the U.S. Federal Reserve chief signalled the central bank may raise rates more slowly than expected, which should support oil demand in the near term. Benchmarks Brent and WTI are trading at their highest levels since the super contagious omicron variant of …

Oil Prices Extend Gain by 0.5% After Jerome Powell Signalled Slower Raise on Rates. Read More »