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Brent crude oil futures fell to around $73 per barrel on Friday, trimming gains of over 2% from the previous session, as traders continued to assess supply risks. On Thursday, President Trump revoked Chevron's license to operate in Venezuela, potentially tightening global supply. Chevron exports...
Oil prices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September limited declines. Brent futures fell 57 cents, or 0.67%, to $84.28 a barrel by 0630 GMT,...
West Texas Intermediate (WTI) crude oil closed lower on Friday after the United States reported its Producer Price Index (PPI) rose more than expected last month, countering some of the day-prior optimism spurred by slowing consumer-price inflation. WTI crude oil for August delivery closed down...
Oil edged higher as traders weighed the International Energy Agency’s estimate that demand growth is slowing against a US government report showing signs of strengthening fuel consumption after the Fourth of July holiday. West Texas Intermediate bounced between gains and losses during a...
West Texas Intermediate (WTI) crude oil closed lower on Friday on a cloudy outlook for demand. WTI crude oil for July delivery closed down US$0.17 to settle at US$78.45 per barrel, while August Brent crude, the global benchmark, was last seen down US$0.03 to US$82.72. Prices have risen nearly 8%...
West Texas Intermediate (WTI crude oil closed lower on Monday despite tight supply as investors turn cautious ahead of this week's Federal Reserve policy meeting that is expected to end with no change to interest rates while geopolitical risks are also easing. WTI crude for June delivery closed...
Oil prices extended losses in early trade on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in U.S. commercial stockpiles outweighed supply fears from heightened tensions in the Middle East. Brent futures for June slipped 56 cents, or 0.62%, to...
West Texas Intermediate (WTI) crude oil rose to the highest levels in more than five months on Thursday, as OPEC+ kept its production quotas unchanged at a Wednesday meeting. WTI crude oil for May delivery closed up US$1.16 to settle at US$86.59 per barrel, rising sharply in the final hour of...
West Texas Intermediate (WTI) crude oil closed higher on Thursday following two losing sessions on expectations global inventories will continue to wane through the second quarter on OPEC+ production cuts and Ukrainian attacks on Russian refineries. WTI crude oil for May delivery closed up...
West Texas Intermediate (WTI) fell again on Wednesday after the Energy Information Administration said US oil inventories unexpectedly rose last week, but less than an private report released a day earlier reported. WTI crude oil for May delivery closed down US$0.27 to settle at US$81.35 per...
Oil prices were little changed on Friday, with global benchmark Brent hovering above $85 per barrel, as the possibility of a ceasefire in Gaza gained traction. Brent crude futures were down 2 cents to $85.76 a barrel by 1017 GMT. U.S. crude futures were up 1 cent at $81.08 per barrel. U.S....
Oil prices were largely steady on Tuesday near four-month highs after breaking above range-bound trading last week, but the prospect of rising exports from Russia weighed amid Ukrainian attacks on refineries. The Brent crude oil futures contract for May delivery was down 12 cents to $86.77 a...
Oil held the biggest gain in about five weeks after US crude stockpiles shrunk and Ukraine attacked another Russian refinery. West Texas Intermediate futures traded below $80 a barrel after jumping 2.8% on Wednesday. Brent was steady near $84 after posting the highest close in more than four...
Oil prices rose in Tuesday trade as tensions in the Middle East continued to spur concern, but gains were capped by bearish demand sentiment ahead of monthly reports from oil agencies. Brent futures for May delivery were up 48 cents, or 0.6%, at $82.69 a barrel by 0936 GMT. The April U.S. crude...
West Texas Intermediate (WTI) crude oil rose to the highest in four months on Friday ahead of next week's expected roll over of OPEC+'s voluntary production cuts into the second quarter, while weak economic data pushed investors to add risk on expectations lower interest rates may be near. WTI...
West Texas Intermediate (WTI) crude oil closed with a loss on Friday on demand concerns, losing ground a day after a smaller than expected rise in US inventories buoyed the market. WTI crude oil for April delivery closed down US$2.12 to settle at US$76.49 per barrel, while April Brent crude, the...
West Texas Intermediate (WTI) crude oil closed with a loss on Friday, with trading continuing in a tight range as weak demand and sufficient suppy is balanced with geopolitical worries amid rising Middle East tensions. WTI crude oil for February delivery closed down US$0.67 to settle at US$73.77...
Oil futures were little changed Thursday morning, struggling for direction as traders weighed the outlook for demand, as well as the threat to supply from strife in the Middle East. West Texas Intermediate crude for February delivery was off 1 cent at $72.55 a barrel on the New York Mercantile...
Oil prices rose on Tuesday after sliding in the previous session as markets weighed Middle East tensions against demand worries and rising OPEC supply. Brent crude futures rose $1.32, or 1.73%, to $77.44 a barrel at 1049 GMT, while U.S. West Texas Intermediate crude futures gained $1.25, or...
Oil prices fell by more than 2% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply concerns generated by escalating geopolitical tension in the Middle East. Brent crude slid 2.2%, or $1.74, to $77.02 a barrel by 1024 GMT while U.S. West Texas...
