TAG: Oil prices
Oil prices remain flat on concerns over crude oversupply
Global oil prices were almost flat on Monday on lingering worries over crude oversupply despite OPE...
8 months ago
Oil prices dip ahead of OPEC+ meeting, Brent below $80
Oil prices declined for a fourth day on Monday ahead of a meeting of OPEC (Organization of Petroleu...
8 months ago
Oil prices rise on heightened supply concerns, brent crude at $86.48/bbl
Oil prices surged over 1% on Monday amidst escalating tensions between Russia and Ukraine, as well as heightened unrest in the Middle East. Brent crude futures saw a rise of $1.05, marking a 1.2% increase to reach $86.48 per barrel by 1423 GMT, while U.S...
6 months ago
Oil prices steady on US crude inventories rise lesser than expected ahead of OPEC meeting; Brent at $86/bbl
Oil prices were broadly stable on Wednesday, March 27, after US crude stockpile rose lesser than expected. Prices were dragged by indications that the Organization of Petroleum Exporting Countries (OPEC) is unlikely to change its output policy at its tec...
6 months ago
Oil edges higher yet stays on track for third weekly decline; awaits weak run in 2023
Oil prices edged higher on May 5 but were poised for a third straight week of losses - its longest losing run this year so far, after markets registered drops on fears of a weakening US economy and slowing Chinese demand. The slowdown has prompted invest...
6 months ago
Oil prices edge lower on Middle East ceasefire talks
Oil drifted lower on Monday after Israel withdrew more soldiers from Gaza and committed to fresh talks on a potential ceasefire in the six-month conflict in the Middle East.Brent crude futures dropped 90 cents or 1%, to $90.27 a barrel by 1000 GMT. U.S. W...
6 months agoOil edges higher as US recession fears fade on employment growth
Oil prices rose on May 8 as US recession worries eased on healthy jobs report for April that supported crude to climb 4 per cent before the weekend. Oil edged higher even though the US labour market data could allow the Federal Reserve to keep interest r...
6 months agoOil relinquishes recent gains ahead of US inflation data; OPEC report due on May 11
Oil prices edged lower on May 9, relinquishing some of the strong gains of the previous two sessions amid cautious trading ahead of US inflation data for April, which will be key to the Federal Reserve's next interest rate decision. The Organization of t...
6 months ago
Oil prices steady after drop as Middle East ceasefire hopes wane
Oil prices stabilised on Tuesday as prices ticked higher amid fading hopes that negotiations between Israel and Hamas would produce a ceasefire in Gaza.Brent crude futures edged up 6 cents, or 0.07%, to $90.44 per barrel by 1156 GMT. U.S. West Texas Inter...
6 months agoOil market buzz: OPEC+ report due on May 11; will prices rise on clues of another output cut?
Ahead of the monthly oil report from the Organization of the Petroleum Exporting Countries (OPEC) which is due to be released on May 11, analysts claim that the oil market awaits clues on whether the group and its allies will need to cut output again to...
6 months agoOil prices reverse losses after positive US fuel data, drop in inventories
Oil prices rose on May 11, clawing back some of the previous day's losses, supported by positive fuel demand data from the US - world's top oil consumer and also a sharper than expected decline in the US gasoline inventories. The drop in US inventories o...
6 months agoOil heads for fourth weekly decline on demand growth concerns in US, China; What OPEC says
Oil prices declined on May 12, heading for a fourth weekly drop, as renewed economic concerns in the United States and China weighed on demand growth in the near-term, a potential trigger for greater volatility in oil markets. The fuel demand growth in t...
6 months ago
Oil seen opening up after Iran's attack on Israel, but further gains may depend on response
Oil prices are expected to rise on Monday after Iran's attack on Israel over the weekend, analysts said on Sunday, but further gains may depend on how Israel and the West choose to retaliate.Iran launched explosive drones and missiles at Israel late on Sa...
6 months ago
Oil stabilises after surging over 4% last week; brent crude at $91.01/bbl
The global oil benchmark Brent stabilized above $91 per barrel on Monday, paring back initial declines triggered by Israel's withdrawal of additional troops from Gaza and its commitment to new discussions regarding a potential ceasefire in the Middle Eas...
6 months ago