Tag: Crude Oil

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

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

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

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

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 ...

Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue ...

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 ...

Falling equity markets also impacted crude oil markets as investors have become increasingly worried about central banks raising interest rates ...

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

OPEC+ supply constraints and the ongoing increase in global oil demand will likely keep oil prices well supported in the ...

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 ...

Global petroleum production increased more slowly than demand, driving higher prices. The slower increase in production was mostly attributable to ...

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

After rising for several straight days, oil prices stalled on Friday as Covid-19 cases soared to new pandemic highs across ...

Oil prices have been underpinned by Ecuador, Libya and Nigeria declaring forces majeures this month on part of their oil ...

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 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 extended gains on Thursday on confidence that the omicron coronavirus variant would not dent global growth, even as some ...

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

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 ...

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 ...

Oil prices rose on Monday, extending multiweek gains, amid supply restraint from major producers and growing demand for fuels as economies ...

Oil prices dropped for a second session Thursday, under pressure from an unexpected rise in U.S. crude stocks that raised ...

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 climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States, the ...

 Oil prices hit a six-week high on Tuesday on concerns that another storm could affect output in Texas this week ...

Oil prices rose for a second session on Monday as concerns over U.S. output following damage from Hurricane Ida supported ...

Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although ...

Oil prices rose for a second session on Thursday, recovering from earlier losses as a decline in U.S. Gulf of ...

Oil prices were little changed on Wednesday following overnight losses from a stronger dollar and demand concerns, with a slow production ...

Oil prices were mixed on Tuesday in quiet trade as some investors scooped up bargains following the recent losses while ...

Oil prices extended losses on Monday after the world’s top exporter, Saudi Arabia, slashed crude prices for Asia over the ...

Oil prices were mixed on Friday after a strong rise in the previous session on a weaker dollar and a ...

Oil prices fell on Thursday after OPEC+ agreed to keep its policy of gradually returning supply to the market at ...

Oil prices recovered on Wednesday after a U.S. industry report showed crude inventories fell more than expected last week, steadying ...

Oil prices fell on Tuesday on concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude ...

Oil prices pared early gains on Monday, off more than three-week highs reached earlier in the session as a powerful ...

Oil prices rose on Friday, on track to post big gains for the week, on worries about near term supply disruptions ...

Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut ...