Tag: Brent Crude

The specter of a prolonged conflict in the Middle East has sent shockwaves through global energy markets, bolstering oil prices.

While oil prices softened slightly on Thursday, they remained within the trading band seen since the start of 2023.

Crude oil inventories in the U.S. Strategic Petroleum Reserve (SPR) fell 7.5 million barrels in the week to Sept. 2 ...

SINGAPORE: Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major ...

U.S. oil prices shot above $10 for the first time in about 14 years due to a surge in prices ...

A stronger dollar also weighed on oil prices as a firmer greenback makes oil more expensive for holders of other ...

Oil prices typically rise when the dollar falls as a weaker dollar makes crude cheaper for buyers holding other currencies.

Oil Prices also found support as the Group of Seven richest economies aims to have a price-capping mechanism on Russian ...

Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles.

Brent crude futures for September settlement dropped 48 cents, or 0.5%, to $102.72 a barrel at 0205 GMT, down for ...

Oil is generally priced in U.S. dollars, so a stronger greenback makes the commodity more expensive to holders of other ...

The OPEC+ move to bring forward crude oil output hikes is widely seen as unlikely to meet demand as the ...

Brent crude oil futures were on track to fall for the week, and WTI was on course for a 1.6% ...

International crude oil benchmark Brent crude futures were last down 1.68% at $114.34 per barrel. U.S. crude futures dropped 1.87% ...

Oil prices eased on Wednesday, giving up earlier gains, after China and Japan reported weak economic data, fueling concerns about ...

The partial easing of Shanghai lockdowns lifted some of the downward pressure that was starting to be felt on worries ...

Demand for oil will be affected in China - the world’s biggest oil importer - by pandemic-driven mobility restrictions and ...

Proposed EU sanctions, which the bloc’s 27 member states must approve, would ban buying Russian coal and prevent Russian ships ...

Oil prices climbed on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels per day ...

Oil prices stabilized on Friday and were on track for their biggest weekly drops since November after see-sawing on fears ...

Oil prices gained on reports of cyberattacks on several Ukrainian state websites added to fears about escalating tensions with Russia.

Tight supply was seen in U.S. crude oil stockpiles, which unexpectedly fell 4.8 million barrels in the week to Feb. ...

Sources said an OPEC+ technical panel meeting on Tuesday did not discuss a hike of more than the expected 40,000 ...

The risk of geopolitical disruptions to oil supply at a time of already tight inventories due to the strong post-pandemic ...

Crude oil prices surged on Wednesday, with Brent climbing to $90 a barrel for the first time in seven years, ...

Oil prices hit seven-year highs last week on worries that supplies could tighten due to Ukraine-Russia tensions and worries about ...

Lower U.S. oil inventories are also providing support, with crude inventories around the NYMEX WTI delivery point at Cushing in ...

Oil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East heightened concerns about an already ...

OPEC officials and analysts say that an oil rally may continue in the next few months, and prices could top ...

Some oil producers within the Organization of the Petroleum Exporting Countries (OPEC) are struggling to pump at their allowed capacities, ...

With oil prices above $80 a barrel, there is growing political pressure for the White House to lobby OPEC+ to ...

Data from the U.S. Energy Information Administration on Wednesday showed oil demand has taken a hit from omicron, with gasoline ...

Oil prices climbed on Wednesday, extending big gains in the previous session after the U.S. Federal Reserve chief signalled the ...

The market is waiting on U.S. oil and product inventory data from the American Petroleum Institute (API), an industry group, ...

The oil and gas rig count, an early indicator of future output, rose two to 588 in the week to ...

Oil prices edged up on Friday, heading for their biggest weekly gains since mid-December, fueled by supply worries amid escalating unrest ...

Last year, oil prices rose around 50%, spurred by the global economic recovery from the COVID-19 pandemic slump and producer ...

Oil gained more ground on Tuesday with prices trading close to last session’s one-month high on expectations that the Omicron ...

Russia believes oil prices are unlikely to change significantly next year with demand recovering to pre-pandemic levels only by the ...

Oil prices fell on Friday in thin, holiday trade after a three-day rally, with investors trying to gauge the omicron coronavirus ...

 Oil prices rose again on Wednesday as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns ...

Oil prices rose on Tuesday, though investors remained worried about the rapid spread of the Omicron coronavirus variant globally, prompting ...

The oil and gas rig count, an early indicator of future output, rose by three to 579 in the week ...

Benchmark Brent crude oil futures and WTI both gained around 2% on Thursday, buoyed by record U.S. implied demand.

U.S. crude oil inventories sank by 4.6 million barrels in the week to Dec. 10, data from the U.S. Energy ...

American Petroleum Institute data showed U.S. crude oil stocks fell by 815,000 barrels in the week ended Dec. 10, according ...

Still, the Organization of the Petroleum Exporting Countries raised its world oil demand forecast for the first quarter of 2022 and stuck ...

Oil prices edged lower on Wednesday, reversing gains from earlier the week, as investors tried to assess the full impact of ...

A delay in the return of the Iranian oil supply also supported prices. Indirect U.S.-Iran nuclear talks have hit roadblocks. ...

On Sunday, Saudi Arabia raised January official selling prices for all crude oil grades sold to Asia and the United ...

Oil prices rose on Thursday, recouping the previous day's losses, as investors adjusted positions ahead of an OPEC+ decision oversupply ...

Oil prices gave up gains on Tuesday, falling more than 2% along with broader financial markets after a media report ...

 Oil prices rebounded on Monday as investors looked for bargains after Friday's slump and on speculation that OPEC+ may pause ...

Oil prices slid more than 2% on Friday on concerns that a global supply surplus could swell in the first ...

Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by ...

Oil prices fell on Wednesday as the U.S.-led coordinated release of stocks from strategic reserves eased concerns over tightness in global ...

Oil prices dropped on Tuesday, reversing gains in the previous session, on growing talk the United States, Japan and India ...

Japanese Prime Minister Fumio Kishida signalled on Saturday he was ready to help counter soaring oil prices following a request ...

Oil prices rose on Friday, after wild swings the day before, on investor concerns that potential coordinated releases by the ...

Oil prices fell on Thursday, adding to an overnight plunge as China said it was moving to release reserves following ...

Oil rebounded from a weak start on Tuesday as worries over tight inventories underpinned prices, although optimism was limited by ...

Crude oil prices skidded on Monday, under pressure from expectations of higher supplies and weakening demand. Brent crude futures fell 58 cents, or ...

Oil prices slipped on Friday, wiping out gains from the previous session, as the dollar continued to rise on bets ...

 Oil prices slumped on Thursday, hit by a surge in the dollar after U.S. President Joe Biden said his administration ...

Oil prices rose on Wednesday, extending strong gains in the previous session, after industry data showed U.S. crude stocks unexpectedly fell ...

Oil prices rose for a third straight session on Tuesday as the passage of a U.S. infrastructure bill, Chinese exports ...

Oil prices rose on Monday after Saudi Arabia's state-owned oil producer Aramco raised the official selling price for its crude, ...

Oil prices rose around 1% on Friday, staging a partial recovery after OPEC+ producers rebuffed a U.S. call to raise ...

Oil prices extended declines on Thursday after Iran and world powers agreed to resume nuclear talks this month that could ...

Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in ...

Oil prices were steady on Tuesday as key producer group OPEC undershot its expected pace of output increases last month, ...

 Oil prices dropped on Monday as China's release of gasoline and diesel reserves eased concerns over tight global supply, while ...

U.S. oil stocks rose much more than expected in the week to Oct. 22, data from the Energy Information Administration showed on ...

Oil prices slumped to their lowest in two weeks after official figures showed a surprise jump in U.S. inventories of ...

Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly ...

Oil prices edged higher on Tuesday after trading down earlier, looking set to sustain a rally driven by strong demand ...

Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel ...

Oil prices fell on Friday with Brent on track for its first weekly dip in seven weeks as demand for ...

Oil prices were mixed on Thursday, paring earlier gains, as some investors scooped up profits from the recent rally while ...

Oil prices slipped on Wednesday after the Chinese government stepped up efforts to tame record high coal prices and ensure ...

Oil prices rose on Tuesday, recouping earlier losses, as falling temperatures in China, the world's biggest energy consumer, revived concerns ...

Oil prices hit their highest in years on Monday as demand continues its recovery from the Covid-19 pandemic, boosted by more ...

 Oil prices climbed on Friday, heading for gains of more than 2% for the week, on increasing signs of robust ...

Oil prices rose on Thursday, reversing previous losses, on expectations that high natural gas prices as winter approaches may drive a ...

Oil prices dropped on Wednesday, after a mixed finish in the previous session, amid worries that soaring coal and natural ...

 Oil prices fell for the first time in four days on Tuesday, taking a breather, analysts said, after weeks of ...

U.S. oil prices rose for a fifth day on Wednesday to their highest since 2014 amid global concerns about energy ...

Oil prices climbed on Tuesday, hitting their highest levels in at least three years, extending gains triggered during the previous ...

Oil fell on Monday ahead of a meeting by OPEC and its allies which may determine whether a recent rally in ...

“The upcoming OPEC+ meeting on Monday will be crucial for oil price direction next week. A production increase beyond 400,000 bpd would ...

Oil prices fell on Thursday, extending losses after official figures showed an unexpected rise in inventories in the United States although ...

Oil prices fell for the second straight day on Wednesday as doubts re-emerged over demand, with Covid-19 cases continuing to rise ...

Oil markets rose on Tuesday, reversing earlier losses and extending their rally into a sixth session, amid continued concerns over ...

Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts ...

Oil prices rose for a fourth day on Friday, taking Brent towards three-year highs, as investors focused on tighter supplies ...

 Oil prices rose on Thursday, extending strong gains overnight with fuel demand growing and crude stocks declining as production remains ...

Oil prices climbed more than 1% on Wednesday, extending overnight gains after industry data showed U.S. crude stocks fell more ...

Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global ...

Oil prices fell on Monday, extending losses from Friday after the U.S. dollar jumped to a three-week high and the U.S. ...

Oil prices fell on Friday as more supply came back online in the U.S. Gulf of Mexico following two hurricanes, ...