Tag: WTI Oil Index

Oil markets whipsawed on Thursday morning as U.S President Donald Trump's much-anticipated national address on the Iran war landed far ...

U.S. officials emphasized the need to control Venezuela’s oil sales and revenues indefinitely to stabilize its economy.

The pressure on oil prices stems from speculation that U.S. sanctions on Venezuela could be eased following recent political developments.

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

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.

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

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 ...

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 ...

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 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 ...

A stronger dollar, rising ahead of U.S. inflation data due later on Friday, also weighed on fuel prices. Oil typically ...

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 ...

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 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 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 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 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 ...

“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 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 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 ...