Oil prices end volatile session mixed but up sharply for the week on supply worriesOil prices experienced significant volatility, ultimately closing higher for the week despite early gains being relinquished. Traders are c...
Why are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British gas rates drop further or rise again? Here's if oil prices will hit $110 soonWhy are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British gas rates drop further or rise again? Oil an...
Oil prices well below $100 as Strait of Hormuz reopens but experts aren’t convinced just yet. Here’s whyGlobal markets are breathing easier as Iran declares the Strait of Hormuz fully open, a crucial oil route, amid a potential U.S.-Iran deal....
Brent crude slips to $79.5 as traders digest Trump tariff reprieve, plan to boost US oil outputOil prices fell on Tuesday as investors assessed U.S. President Donald Trump's plans to apply new tariffs later than expected while boostin...
Oil up 2% on Gaza ceasefire rejection and U.S. stock dataOil prices gained over 2% on Thursday as investors considered the impact of Israel's rejection of a ceasefire offer from Hamas and unexpect...
Oil jumps more than 3% on Red Sea tanker attack, reroutingsA Norwegian-owned vessel was attacked in the Red Sea on Monday and oil major BP said it has temporarily paused all transits through the bod...
Oil falls 3%, extends losses after US inflation dataThe CPI report added to downward pressure earlier coming from concern over excess supply and slowing demand, despite support from escalatin...
Oil prices dive on US crude build and China concernsBrent futures were down 70 cents at $80.48 a barrel by 1250 GMT. U.S. West Texas Intermediate crude (WTI) shed 65 cents to $76.01. Both ben...
Oil falls over 2% after Saudi pledge; investors keep wary eye on IsraelPrices settled slightly lower on Tuesday after Saudi Arabia said it was working with regional and international partners to prevent an esca...
Oil rebounds to climb $1 as Russia bans most fuel exportsThe shortfall will mean that Russia's fuel buyers will have to shop elsewhere, prompting refiners to process more of a dwindling crude supp...
Brent oil hovers above $81 after supply disruptionsGlobal benchmark Brent crude is steady at just over $81 a barrel due to demand from the US and supply disruption in Nigeria and Libya. The ...
Oil stable as market weighs tight supply against U.S. recession riskThe Organization of the Petroleum Exporting Countries (OPEC) flagged downside risks to summer oil demand in a monthly report on Thursday. B...
Oil rises as weaker dollar, French strike balance recession fearsWhile China's crude oil imports in the first two months of 2023 fell 1.3% year on year, analysts pointed to accelerating imports in Februar...
Oil prices fall more than 3% on Russian oil price cap talksBrent crude futures fell $2.82, or 3.19%, to $85.54 a barrel by 1450 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down ...
Oil hits highest levels since Feb 2020Oil prices extended gains on Thursday after the OPEC+ alliance of producers stuck to its reduced output policy and U.S. crude stocks fell, ...
Oil gains on continued OPEC+ cuts and US stocks drawBrent crude futures gained 25 cents, or 0.43%, to $58.71 a barrel by 1025 GMT, having earlier hit their highest since Feb. 21 last year.
- Oil prices fall further as dollar strengthens
World oil prices slid further on Wednesday as the dollar rallied on the back of renewed fears over the eurozone debt crisis and tensions on...