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STEPHEN BRENNOCK
Oil heads for weekly loss on rate hike worries, ample supplyTwo Fed officials on Thursday warned additional hikes in borrowing costs are essential to lower inflation to desired levels. Heightened rat...- Oil drops on U.S. inventory jump and interest rate worriesFederal Reserve officials on Tuesday said that the U.S. central bank will need to maintain gradual increases to interest rates to beat infl...
- Oil prices rise more than 1% on Russian plan to cut outputThe G7 economies, the European Union and Australia agreed to ban the use of Western-supplied maritime insurance, finance and brokering for ...
- Oil prices jump more than 2% on Russian plan to cut outputThe announcement marked a turnaround for bearish sentiment that characterised trade on Thursday and Friday morning against a backdrop of re...
- Oil rises over $1 on hopes for China's economyChina, the world's top crude oil importer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobili...
- Oil holds near $100 as Ukraine talks, demand concerns limit gains"Fears of a supply disruption have been tempered by tentative signs of progress in ceasefire talks between Russia and Ukraine," said Stephe...
- Oil surges 6% on Russia nuclear alert as sanctions intensifyOil prices jumped more than $7 in early trade on Monday after Russian President Vladimir Putin put the country's nuclear deterrent on high ...
- Oil hits $90/bbl for the first time since 2014 on Russia-Ukraine tensionBrent crude rose $1.67, or 1.9 per cent, to $89.87 by 10:40 a.m. EST (1540 GMT), after hitting $90.02, the first time the global benchmark ...
- Oil hits new high near $75 on demand rise, falling inventoriesThe American Petroleum Institute reported US crude inventories fell 8.5 million barrels, two market sources said, more than analysts foreca...
- Oil falls on India's COVID surge, supply increase"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...
- Oil steady as European recovery support countered by Indian virus surgeBrent crude dipped 2 cents, or less than 0.1%, to $65.38 a barrel at 1335 GMT, while US West Texas Intermediate (WTI) US crude gained 6 cen...
- Oil holds near $67, heads for weekly gain on demand hopesBrent crude was down 8 cents, or 0.1%, at $66.86 a barrel at 1340 GMT. It was heading for a weekly gain of 6.2% after rising in the past fo...
- Oil falls $3 as new virus strain prompts demand worriesBrent crude was down $3.00, or 5.7%, to $49.26 a barrel by 1028 GMT, and U.S. West Texas Intermediate (WTI) crude was down $2.92, or 6%, to...
- Oil steadies on resurgence of virus casesBrent crude was up by 1 cent, or 0.02%, at $42.36 a barrel by 1338 GMT, and U.S. oil was up 4 cents, or 0.1%, to $39.66 a barrel.
- Oil falls below $43 on virus fears, still heads for weekly gainU.S. West Texas Intermediate (WTI) crude fell 58 cents, or 1.4%, to $40.07.
- Crude oil prices top $42 as Opec+ laggards pledge better complianceUS West Texas Intermediate (WTI) crude climbed $1.32, or 3.4 per cent, to $40.16.
- Oil rises further above $26 as Opec+ begins record cutsUS crude for June added $1.18, or 6.3 per cent, to reach $20.02.
- Oil lifted toward $73 by real and threatened supply cutsU.S. sanctions on Iran have cut the OPEC member’s crude exports further in May.
- Oil rises 3% on US-China trade talk optimismInternational Brent crude futures were up $1.63, or 2.78 percent, at $60.35 per barrel.
- Oil rises towards $57 on China-US trade talks, OPEC cutsBrent crude, the global benchmark, rose 84 cents to $56.79 a barrel by 0932 GMT.
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