GLOBAL-Oil set for 3% weekly gain on rising Mideast tensions, better US outlook

Oil prices increased for the third day following a significant reduction in U.S. crude inventories. Brent and WTI futures experienced mild ...

Oil futures trading volumes have been thin and prices volatile as traders have to square weaker energy demand with tighter supply resulting...

Oil prices have been volatile as traders have had to square tighter global supply because of the loss of Russian barrels following the coun...

UAE Energy Minister Suhail al-Mazrouei said on Monday UAE was producing near maximum capacity based on its quota of 3.168 million barrels p...

However, the demand concerns have been offset by a tighter supply outlook following sanctions on Russia, the world's second-largest oil exp...

"The market is tending to focus more on the bad news from India and Japan at present, where the number of new coronavirus cases has risen s...

Brent crude futures fell 57 cents, or 0.9%, to $64.75 a barrel by 0157 GMT, following a drop of $1.25 on Wednesday. U.S. West Texas Interme...

Libya declared force majeure on exports from the port of Hariga and said it could extend the measure to other facilities, citing a budget d...

Buyers using other currencies pay less for dollar-denominated oil when the greenback weakens.

The rising number of cases "not only highlight the risks posed by immediate transport restrictions, but also dampen long-term demand expect...

China, the world's top crude oil importer, took in 11.8 million barrels per day (bpd) of oil in September, up 5.5% from August and up 17.5%...

The return of supply comes as resurgent COVID-19 infections in the U.S. Midwest and Europe raise worries about fuel demand growth, posing a...

"It's all about ending production disruptions ... (which) are not helpful in a period with ongoing demand concerns," said UBS oil analyst G...

Oil and gas producers had been restarting their offshore operations over the weekend after being disrupted by Sally. Some 17% of U.S. Gulf ...

U.S. West Texas Intermediate (WTI) crude rose 4 cents, or 0.1%, to $40.59.

Oil was little changed last week as a resurgence of coronavirus cases prompted several U.S. states to impose tighter travel restrictions th...