Oil Holds Hefty Advance With Trump Sanctions, Tariffs in Focus

Oil steadied after jumping on Monday as President Donald Trump suggested that the US may work to curtail crude shipments from Russia, the world’s third-largest producer and a major exporter. West Texas Intermediate traded above $71 a barrel after gaining 3.1% on Monday, the most since...

Traders Weigh Trump’s Threat to Russian Crude Oil Advances

Oil rose after US President Donald Trump suggested that the US may work to curtail crude shipments from Russia, the world’s third-largest producer and a major exporter. West Texas Intermediate climbed 3.1% to settle above $71 a barrel, the biggest gain since before Trump took...

Oil Swings as Traders Weigh Trump’s Threat of Russia Penalties

Oil Steadies as Traders Weigh Trump’s Threat of Russia Penalties

Oil steadied as investors weighed the fallout from President Donald Trump’s threat of fresh penalties on Russian crude if a ceasefire with Ukraine could not be reached. Brent’s June contract was little changed near $73 a barrel, while West Texas Intermediate was above $69. In...

Oil Prices Steady As Tariff Uncertainty Keeps Investors On Edge

Oil prices held steady on Monday as concerns over the impact of U.S. tariff uncertainty and rising output from OPEC+ producers weighed on prices while potential sanctions on Iranian oil exports provided some support. Brent crude was up 9 cents at $70.45 a barrel by 1310 GMT. U.S. West Texas...

Oil Prices Fall As OPEC+ Output Increases, Tariffs Kick In, US Delays Ukraine Aid

Oil prices extended losses on Tuesday following reports that OPEC+ will go ahead with a planned output increase in April and as US tariffs on Canada, Mexico and China come into effect, as well as Beijing’s retaliatory tariffs. Brent crude futures were down $1.05, or 1.5%, at $70.57 a barrel by...

Brent Drops for Fifth Session

Brent crude fell below $79 a barrel on Thursday, falling for a fifth straight session after an industry report revealed a fresh build in U.S. crude inventories. API data showed a 1 million-barrel increase in crude inventories last week, the first increase in five weeks of declines. Traders...

Oil Rises in Pre-Holiday Trading

WTI crude oil futures climbed to around $69.5 per barrel on Tuesday, reversing losses from the previous session amid thin pre-holiday trading. Oil found support after fresh US data indicated that the economy of the key consumer remained strong heading into the year-end. Additionally, India's...

Oil Prices Edge Lower on Demand Concerns, Fed Meeting in Focus

Oil prices fell further on Tuesday as Chinese economic data renewed demand concerns, while investors remained cautious ahead of the U.S. Federal Reserve’s interest rate decision. U.S. West Texas Intermediate crude was down 11 cents at $70.60 a barrel by 0409 GMT, while Brent crude was down 6...

WTI Rises on China Demand Hopes, As U.S. Inventories Fall and OPEC Trims Its Demand-Growth Forecast

West Texas Intermediate (WTI) crude oil rose on Wednesday as China's decision on Monday to loosen monetary policy continues to support the commodity, while OPEC lowered its demand forecast for this year and next and a report showed a drop in U.S. inventories. WTI crude for January delivery closed...

Oil rises as intensifying Ukraine war increases supply risk

Oil prices rose on Friday after Russia said it had fired a ballistic missile at Ukraine and warned of a broadening conflict, raising the prospect of tightening crude supplies. Brent crude futures gained 14 cents, or 0.2%, to $74.37 a barrel by 0007 GMT. U.S. West Texas Intermediate crude futures...

Tight Short-Term Supply Cuts Oil Losses

Oil prices edged up on Wednesday on signs of short-term supply tightness but remained near a two-week low after OPEC lowered its forecast for global oil demand growth in 2024 and 2025. Brent crude futures were up 13 cents, or 0.18%, at $72.02 a barrel by 0205 GMT, and U.S. West Texas Intermediate...

Oil Set for Weekly Gain as Market Digests Trump and China Impact

Oil headed for a weekly gain as the market digested the implications of a second Trump presidency, including whether it would spur an expansion of stimulus efforts from No. 1 importer China.  Brent crude traded above $75 a barrel, and was up more than 3% for the week. West Texas...

Oil Rebounds as Israel Plans Next Iran Move After Weekend Attack

Oil gained - after losing almost 8% last week - as traders tracked tensions in the Middle East that pose a potential threat to supplies, and China moved to beef up aid for the economy in the largest importer. Global benchmark Brent rose above $73 a barrel, while West Texas...

Oil Steadies With Focus on Middle East After Hamas Leader Death

Oil steadied, after notching its first gain in five sessions, with eyes on developments in the Middle East after the death of Hamas leader Yahya Sinwar.  West Texas Intermediate held near $72 a barrel, while Brent settled at around $74. The killing of Sinwar by Israeli soldiers led...

Oil Extends Decline on China Demand Concerns

WTI crude futures fell to around $74.4 a barrel on Monday, extending their decline from the previous session, weighed down by concerns about the economic outlook for China, a major crude importer. Data from the weekend showed that China’s deflationary pressures increased in September, while a news...

Oil Gains as Traders Monitor Middle East While Stockpiles Climb

Oil edged higher after a two-day decline as traders watched for an Israeli response to Iran’s missile attack early last week, while US crude stockpiles expanded the most since April. Brent traded near $77 a barrel and West Texas Intermediate was close to $74. The market remains on edge about...

Oil Holds China-Led Drop as Traders Eye Mideast

Oil prices steadied after falling the most in more than a year in the previous session on concerns about China’s economic outlook, with the market also eyeing Israel’s response to Iran’s missile strikes last week. Brent traded above $77 a barrel after dropping 4.6% on Tuesday, while West Texas...

Oil Drops After China Reopens as Traders Monitor Middle East

Oil declined following a five-day rally as traders monitored hostilities in the Middle East, and the prospect for further stimulus from China after the nation returned from a week-long holiday. Brent slid toward $80 a barrel after advancing almost 13% over the past five sessions, while West...

Oil Set for Biggest Weekly Gain Since Early 2023 on Mideast Risk

Oil steadied following its biggest one-day jump in almost a year amid concerns that Israel may decide to strike Iranian crude facilities in retaliation for a missile barrage earlier this week. Crude has soared by almost 8% this week, the most since early last year, as the escalation of...