Oil

Oil soars more than 9% after Israel strikes Iran

Oil prices surged more than 9% on Friday, hitting their highest in almost five months after Israel struck Iran, dramatically escalating tensions in the Middle East and raising worries about…

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Oil prices tick up on worries of escalating US-Iran tension

Oil prices edged higher on Thursday to their highest in more than two months, after U.S. President Donald Trump said U.S. personnel were being moved out of the Middle East,…

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Oil prices soften as markets assess US-China trade talks outcome

Oil prices softened in Asian trade on Wednesday as markets assessed the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from…

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Oil up as market watches US-China trade talks

Oil prices climbed on Tuesday as investors awaited the outcome of U.S.-China talks that could pave the way for easing trade tensions and improve fuel demand. Brent crude futures rose…

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Oil prices hold

Oil prices held on to last week's gains early on Monday as investors waited for U.S.-China trade talks to be held in London later in the day. Brent crude futures…

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Oil prices headed for rebound this week as US-China trade talks resume

Oil prices slipped on Friday but were on track for their first weekly gain in three weeks after U.S. President Donald Trump and Chinese leader Xi Jinping resumed trade talks,…

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Oil slips on US stockpile build, Saudi Arabia price cuts

Oil prices slipped in early trade on Thursday after a build in U.S. gasoline and diesel inventories and Saudi Arabia's cut to its July prices for Asian crude buyers. Brent…

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Oil slips on rising OPEC+ output, despite Canadian supply concerns

Oil prices slipped in Asian trade on Wednesday, weighed down by concerns of increasing OPEC+ output and tariff tension that threatens the global economic outlook, though worries about Canadian supply…

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Oil rises on Iran, Russia and Canada supply concerns

Oil prices rose in early Asia trade on Tuesday on concerns about supply, with Iran set to reject a U.S. nuclear deal proposal that would be key to easing sanctions…

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Oil jumps after OPEC+ sticks to same output hike in July versus June

Oil prices rebounded more than $1 a barrel on Monday after producer group OPEC+ decided to increase output in July by the same amount as it did in each of…

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Oil prices set for weekly drop with tariff legal battles

Oil prices were on track to end the week down more than 1% on Friday amid whipsawing tariff rulings in the U.S. and as the market braced for a potential…

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Libya’s eastern-based government says it may announce force majeure on oil fields, ports

Libya's eastern-based government said it may announce a force majeure on oil fields and ports citing "repeated assaults on the National Oil Corporation (NOC)." The government in Benghazi is not…

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Oil prices climb as US court blocks Trump tariffs

Oil prices rose on Thursday after a U.S. court blocked most of President Donald Trump's tariffs from taking effect, while the market was watching out for potential new U.S. sanctions…

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Oil rises on Venezuelan supply risks but OPEC+ output caps gains

Oil prices inched up on Wednesday as investors considered supply risks after the U.S. barred Chevron from exporting crude from Venezuela under a new asset authorisation, though expectations of more…

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Oil falls on stronger US dollar

Oil prices slipped on Friday, weighed down by a stronger U.S. dollar and the possibility that OPEC+ will further increase its crude oil output. Brent futures fell 37 cents to…

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Oil prices ease on surprise builds in US inventories

Oil prices eased on Thursday as unexpected builds in U.S. crude and fuel inventories raised demand concerns, while investors stayed cautious, focusing on renewed Iran-U.S. nuclear talks. Brent futures slipped…

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Oil gains as reports Israel may attack Iran raise supply worries

Oil prices jumped more than 1% on Wednesday after reports Israel is preparing a strike on Iranian nuclear facilities, raising fears that a conflict could upset supply availability in the…

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Oil prices little changed as markets weigh impact of US-Iran talks, demand

Oil prices barely moved on Tuesday as traders weighed the impact on supply from a possible breakdown in U.S.-Iran talks on Tehran's nuclear programme, strong front-month physical demand in Asia…

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Oil little changed as investors eye Iran-US talks, China data

Oil prices were little changed on Monday with investors eyeing the outcome of Iran-U.S. nuclear talks and key economic data due from China to assess the impact on its commodities…

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Oil set for second weekly rise on trade war truce

Oil prices held steady on Friday, heading for a second consecutive weekly gain due to easing U.S.-China trade tensions though a potential return of Iranian supply limited price gains. Brent…

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Oil falls over $1 on expectations for US-Iran nuclear deal

Oil prices fell over $1 during trade on Thursday on expectations of a potential U.S.-Iran nuclear deal, while a surprise build in U.S. crude oil inventories last week heightened investor…

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Oil prices hold near two-week highs on trade war reprieve, weaker dollar

Oil prices held near two-week highs in early trading on Wednesday, supported by an agreement between the U.S. and China to temporarily lower their reciprocal tariffs and a falling U.S.…

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Oil falls as concerns over rising supplies overshadow US-China trade relief

Oil prices eased on Tuesday from a two-week high, weighed down by concerns about rising supplies, despite earlier optimism over the pause in the U.S.-China trade war after both countries…

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Oil prices rise as US-China trade talks soothe market jitters

Oil prices rose on Monday after both sides in U.S.-China trade talks over the weekend touted their progress, which lifted market sentiment that the world's two largest crude users may…

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Oil prices little changed ahead of Sino-US trade meeting

Oil prices were little changed early on Friday after rising more than 3% in the previous session, as trade tension between top oil consumers U.S. and China showed signs of…

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Oil prices steady

Oil prices steadied on Thursday after falling more than $1 in the previous session as uncertainty over the outcome of trade talks between the U.S. and China, the world's two…

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Oil rises as market eyes US-China trade talks, lower US output

Oil prices rose on Wednesday, holding slightly above recent four-year lows, as investors focused on U.S.-China trade talks and signs of lower U.S. production. Brent crude futures gained 44 cents…

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Oil rises 1% as price drop triggers buying; oversupply worries weigh

Oil prices rebounded over 1% on Tuesday with technical rebound and dip buying after a drop in prior session by OPEC+ decision to accelerate increases in output, although concerns about…

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Oil drops more than $2/bbl

Oil prices fell more than $2 a barrel in early Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about more supply.…

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Oil falls as economic jitters dampen demand outlook

Crude oil prices fell on Tuesday as investors lowered their demand growth expectations due to the ongoing trade war between the United States and China, the world's two biggest economies.…

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Oil edges up despite murky economic outlook, potential OPEC+ supply hike

Oil prices inched up in early trade on Monday but remained dogged by uncertainty over trade talks between the U.S. and China clouding the outlook for global growth and fuel…

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Oil prices set for weekly loss on potential for more global supply

Oil prices edged higher on Friday but were on track for a weekly loss as a potential OPEC+ output increase and a possible ceasefire in the Russia-Ukraine war may raise…

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Oil steadies after 2% drop on potential OPEC+ output increase

Oil prices ticked up early on Thursday after falling nearly 2% in the previous session, with investors weighing a potential OPEC+ output increase against conflicting tariff signals from the White…

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Oil rises 1% on Iran sanctions, drop in US crude stocks

Oil prices rose on Wednesday, extending the prior day's gains, as investors weighed a fresh round of U.S. sanctions on Iran, a drop in U.S. crude stocks and a softer…

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Oil falls as concerns about demand amid U.S. tariff upheaval return

Oil prices fell more than 1.5% on Monday as investors once again focused on concerns U.S. tariffs on its trading partners will create economic headwinds that will reduce fuel demand…

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Oil heads for weekly rise as US adds sanctions on Iran, OPEC cuts

Oil prices extended gains on Thursday on the prospect of tighter supply after Washington imposed further sanctions to curb Iranian oil trade and as some OPEC producers pledged more output…

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Oil dips as markets assess trade war effects

Oil prices edged lower on Wednesday, as shifting U.S. tariff policies fuelled uncertainty, prompting traders to weigh the potential impact of the U.S.-China trade war on economic growth and energy…

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Oil edges up on potential US tariff exemptions on cars, pick-up in China crude imports

Oil prices inched higher on Tuesday, supported by new tariff exemptions floated by U.S. President Donald Trump and a rebound in China crude oil imports in anticipation of tighter Iranian…

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Goldman Sachs expects oil prices to decline through 2026

Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of a recession and higher supply from the OPEC+…

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Oil prices drop due to trade war concerns affecting demand and growth

Oil prices fell on Monday on concerns the escalating trade war between the United States and China would weaken global economic growth and dent fuel demand. Brent crude futures were…

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Oil retreats despite tariff pause as US-China trade war escalates

Oil prices retreated on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he announced a 90-day pause on tariffs aimed at other countries.…

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Oil prices climb 1% after heavy US tariff-driven selloff

Oil prices rose more than 1% on Tuesday, rebounding after a hefty selloff in recent sessions led by concerns that U.S. tariffs might depress demand and lead to a global…

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Oil plunge deepens on fears global trade war could trigger recession

Oil prices slid more than 3% on Monday, deepening last week's losses, as escalating trade tensions between the United States and China stoked fears of a recession that would reduce…

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Oil set for worst week in months over Trump’s new tariffs

Oil prices fell further in early Asian trade on Friday, and were on track for the worst week in months over U.S. President Donald Trump's new tariffs, stoking concerns over…

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Oil slump as Trump’s higher-than-expected tariffs expected to crimp demand

Oil prices fell by as much as 3% on Thursday after U.S. President Donald Trump announced sweeping new tariffs that investors worry will spark a global trade war that will…

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Oil prices steady as market awaits fresh US tariffs

Oil prices steadied on Wednesday after falling in the previous session on concerns new US tariffs set to be unveiled later in the day may deepen a global trade war…

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Oil extends climb on supply fears, trade war concerns cap gains

Oil prices inched higher on Tuesday after threats by U.S. President Donald Trump to impose secondary tariffs on Russian crude and attack Iran, though worries about the impact of a…

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Oil holds near one-month high, set for third week of gains amid supply woes

Oil prices held near one-month highs on Friday and were poised for a third weekly gain on a tightening global supply outlook after the U.S. imposed tariffs against countries buying…

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Oil inches up on tighter supply risks; views mixed on Trump auto tariffs impact

Oil prices edged up on Thursday on concerns about tighter global supply after U.S. tariff threats on Venezuelan oil buyers and earlier sanctions on Iranian oil buyers, while traders weighed…

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Oil near three-week high on supply fears, U.S. stocks drop

Oil prices edged higher on Wednesday on supply concerns with the U.S. stepping up efforts to limit Venezuelan and Iranian oil exports, while a bigger-than-expected drop in U.S. crude inventories…

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Oil steady as investors weigh impact of Trump tariffs

Oil prices were little changed on Tuesday as markets weighed the impact of newly announced U.S. tariffs on countries that buy Venezuelan oil and the uncertain outlook for global demand.…

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Oil slips as investors monitor Russia-Ukraine ceasefire talks

Oil prices slipped on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global…

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Oil prices rise on demand outlook strength, weaker US dollar

Oil prices rose on Thursday, boosted by a strong outlook for demand in the United States after fuel inventories fell more than expected, and a weaker U.S. dollar. Brent crude…

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Oil gains on Mideast risks, China stimulus plan and data

Oil prices rose slightly on Tuesday, supported by instability in the Middle East as well as China's stimulus plans and data, although global growth concerns, U.S. tariffs and Russia-Ukraine ceasefire…

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Oil prices jump

Oil prices surged on Monday, U.S. stock futures slid while those in Asia charged higher as investors took stock of the contrasting fortunes between the United States and the rest…

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Oil slips amid macroeconomic concerns despite firm demand expectations

Oil prices slipped on Thursday after a surge in the previous session on a larger-than-expected draw in U.S. gasoline stocks, as markets weighed macroeconomic concerns against firm near-term demand. Brent…

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Oil up on weak dollar but tariff concerns cap gains

Oil prices edged up on Wednesday, buoyed by a weaker dollar, but mounting fears of a U.S. economic slowdown and the impact of tariffs on global economic growth capped gains.…

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