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Oil edges lower as investors eye Middle East crisis amid stronger US dollar; Brent at $77/bbl

Oil edges lower as investors eye Middle East crisis amid stronger US dollar; Brent at $77/bbl

Oil prices edged lower on Tuesday, January 16, as investors weighed the impact of tensions in the M...

8 months ago
Outlook 2024: Oil to hover between $80-$90/barrel in 2024; OPEC+ to dictate trends, say experts

Outlook 2024: Oil to hover between $80-$90/barrel in 2024; OPEC+ to dictate trends, say experts

Crude oil futures lost over 10 per cent in 2023 in a volatile year of trading and reported their bi...

8 months ago
Oil reports longest weekly losing streak since 2018; Brent posts first gain in 6 sessions, settles 2% higher at $75/bbl

Oil reports longest weekly losing streak since 2018; Brent posts first gain in 6 sessions, settles 2% higher at $75/bbl

Oil prices rose more than 2 per cent in the previous session after US data supported expectations o...

8 months ago
Oil ticks higher from six-month low over concerns of weak economic outlook; Brent at $74/bbl

Oil ticks higher from six-month low over concerns of weak economic outlook; Brent at $74/bbl

Oil prices reclaimed some ground on Thursday, December 7, after tumbling to a six-month low the pre...

8 months ago
Oil drops 2.5% on demand worries after rise in US gasoline inventories; Brent crashes to $75/bbl

Oil drops 2.5% on demand worries after rise in US gasoline inventories; Brent crashes to $75/bbl

Oil prices fell by 2.5 per cent on Wednesday, December 6, as a bigger-than-expected rise in US gaso...

8 months ago
Russia, Saudi Arabia urge all OPEC+ nations to join oil output cuts ‘for the good of global economy’

Russia, Saudi Arabia urge all OPEC+ nations to join oil output cuts ‘for the good of global economy’

Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday, December 7, called for...

8 months ago
Oil rises over 1% after OPEC+ agrees to 1 million bpd supply cut; Brent reaches $84/bbl

Oil rises over 1% after OPEC+ agrees to 1 million bpd supply cut; Brent reaches $84/bbl

Oil prices rose by more than 1 per cent on Thursday, November 30 as the The Organisation of Petrole...

8 months ago
Oil scores first weekly gain in 5 weeks ahead of OPEC+ policy decision; Brent settles lower at $80/bbl

Oil scores first weekly gain in 5 weeks ahead of OPEC+ policy decision; Brent settles lower at $80/bbl

Oil prices declined in the previous session after the release of some hostages in Gaza reduced the...

8 months ago
Oil prices extend losses on growing concerns of delayed OPEC+ meeting; Brent at $80/bbl

Oil prices extend losses on growing concerns of delayed OPEC+ meeting; Brent at $80/bbl

Oil prices declined about 2 per cent on Thursday, November 23, extending losses after the Organisat...

8 months ago
Oil prices slump 4% after OPEC+ postpones output policy meeting to November 30; Brent drops to $79/bbl

Oil prices slump 4% after OPEC+ postpones output policy meeting to November 30; Brent drops to $79/bbl

Oil prices plunged 4 per cent on Wednesday, November 22, after the Organisation of Petroleum Export...

8 months ago
Oil headed for 4th weekly loss after sinking 5% on demand concerns; Brent at $78/bbl on week-long selloff

Oil headed for 4th weekly loss after sinking 5% on demand concerns; Brent at $78/bbl on week-long selloff

Global oil benchmarks headed for their fourth weekly loss on Friday, November 17, but recouped some...

8 months ago
Oil prices drop over $3 on China's demand concerns, US crude stock; Brent crashes to $78/bbl

Oil prices drop over $3 on China's demand concerns, US crude stock; Brent crashes to $78/bbl

Oil prices dropped more than $3 a barrel on Thursday, November 16, extending losses from the previo...

8 months ago
Oil prices drop on record rise in US crude inventories, demand concerns; Brent at $81/bbl

Oil prices drop on record rise in US crude inventories, demand concerns; Brent at $81/bbl

Oil prices dropped on Wednesday, November 15 on a bigger-than-expected rise in US crude inventories...

8 months ago
Oil jumps over 2% to hit 1-month high on Red Sea attacks, US rate cut hopes; Brent over $80/bbl

Oil jumps over 2% to hit 1-month high on Red Sea attacks, US rate cut hopes; Brent over $80/bbl

Oil jumped over two per cent on Tuesday, December 26, to the highest in almost a month, supported b...

8 months ago