Oil edges lower in the Asian morning session due to a possible technical correction. Oil futures closed sharply higher Monday after members of OPEC+ said they would wait another month before starting to unwind 2.2 million barrels a day in production cuts.
While the move may temporarily bolster oil prices, the U.S. presidential election is a critical factor in determining oil price trends, XS.com's Rania Gule says in an email. Investors are closely watching, as the economic policies of the new U.S. administration will directly affect global oil demand, the senior market analyst says.
Front-month WTI crude oil futures are 0.1% lower at $71.37/bbl; front-month Brent crude oil futures are 0.1% lower at $74.98/bbl.
Source : Dow Jones Newswires
Oil jumped after the US announced sanctions on Russia's biggest producers, as President Donald Trump ramps up pressure on his counterpart Vladimir Putin to negotiate an end to the war in Ukraine....
Oil prices continued their rally after the deal on Wednesday (October 22), rising more than $2 a barrel after U.S. Treasury Secretary Scott Bessent said more U.S. sanctions targeting Russia would be a...
Oil prices rose for a second day on Wednesday (October 22nd), rising about 2%, driven by rising US energy consumption and hopes for progress on a US trade deal with China and India. Brent crude rose ...
Oil prices pushed higher for a second day on Wednesday, rising by about 2%, buoyed by hopes of progress of a U.S. trade deal with China and India. Brent crude futures rose 96 cents, or 1.6%, to $62.2...
Oil gained after an industry report signaled US crude stockpiles shrunk for the first time in four weeks, while President Donald Trump reiterated India would trim its purchases of Russian energy....
Japanese stocks are lower following their recent surge driven by hopes for newly elected Prime Minister Sanae Takaichi's economic measures. The market is also weighed by continuing U.S.-China trade tensions and new U.S. sanctions on Russian oil...
The Trump administration announced on Wednesday new sanctions targeting Russia's two largest oil companies, Rosneft and Lukoil, as part of efforts to pressure Moscow to end the war in Ukraine, which began with Russia's 2022 invasion. Treasury...
Oil jumped after the US announced sanctions on Russia's biggest producers, as President Donald Trump ramps up pressure on his counterpart Vladimir Putin to negotiate an end to the war in Ukraine. West Texas Intermediate surged as much as 2.8%...
U.S. Treasury Secretary Scott Bessent said on Friday he expects to meet next week with Chinese Vice Premier He Lifeng in Malaysia to try to...
The 20-day US federal government shutdown is likely to end this week, White House economic adviser Kevin Hassett said on Monday.
"I think the...
The Fed will meet on October 28-29, 2025. This meeting is crucial because the market still considers the possibility of an interest rate cut, but...
The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown that has suspended...