Global oil inventories are plummeting to multi-decade lows, exacerbated by Middle Eastern supply disruptions and the rapid depletion of str...

JP Morgan's revised framework assumes that the pace ⁠of ⁠oil inventory depletion will ultimately force the Strait to reopen "one way or ano...

Global strategic oil reserves reached 2.5 billion barrels by year-end. China, the United States, and Japan hold the largest stockpiles. The...

Goldman said China demand news was mixed and suggested that weakness in macro data was concentrated outside the oil-intensive services sect...

"Dollar strength and macroeconomic uncertainty are likely to keep dominating oil's agenda this week," said BNP Paribas analyst Harry Tchili...

Brent is on track to fall for the first month in six while WTI is headed for its first monthly loss since April as renewed mobility curbs i...

The oil producing nations may to have to consider both longer and deeper cuts.

US crude oil production remained at a record 12.1 million barrels per day (bpd)

Brent crude futures were at $65.60 per barrel, down 7 cents, or 0.1 per cent.

Factors such as rising US output, Opec supply cut, strong demand are keeping prices rangebound.

The rally in prices has also been aided by the fact that output cuts by the Opec may extend beyond 2018.

While the near term trend still remains positive, oil prices could see some correction.

Opec output also continues to be lower in YoY comparisons and compliance is improving.

Crude oil prices are likely to remain flat as the market lacks decisive triggers.

Oil prices hovered below $78 a barrel Thursday in Asia after strong gains the previous day on a drop in U.S. crude supplies.

The sharp spurt in crude prices to over $147/barrel raised the spectre of prices touching $200/barrel.