Oil

Oil prices edge up on geopolitical tensions

Oil prices rose marginally on Thursday as geopolitical concerns over escalating tensions between Russia and Ukraine countered the impact from a bigger-than-expected increase in U.S. crude inventories. Brent crude futures…

Read More Here

Oil nudges up on escalating Ukraine war, signs of improving China demand

Oil edged up on Wednesday amid an escalation in the Ukraine war and signs of growing Chinese crude imports, while rising U.S. crude stocks checked overall price gains. Brent crude…

Read More Here

Oil pares losses on tight supply but cloudy demand caps gains

Oil prices edged up on Wednesday on signs of near-term supply tightness but remained near their lowest in two weeks, a day after OPEC downgraded its forecast for global oil…

Read More Here

Oil prices hold their ground

Oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC's monthly report after China's stimulus plan and oversupply concerns took the wind out of…

Read More Here

Oil falls as US storm threat abates, China stimulus disappoints

Oil prices extended declines on Monday as the threat of a supply disruption from a U.S. storm eased and after China's stimulus plan disappointed investors seeking fuel demand growth in…

Read More Here

Oil prices fall as Hurricane Rafael expected to start weakening

Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will significantly affect U.S. oil and gas output declined, while the market weighs…

Read More Here

Oil prices rise as investors eye US election fallout

Oil prices rose on Thursday following a sell-off triggered by the U.S. presidential election, as risks to oil supply from a Trump presidency and a hurricane building in the Gulf…

Read More Here

Oil falls on stock build, firm dollar ahead of US election results

Oil prices fell more than 1% on Wednesday as the dollar firmed on market bets the U.S. presidential election could swing in Republican Donald Trump's favour though the race was…

Read More Here

Oil trades in tight range ahead of US election

Oil prices traded in a narrow range on Tuesday ahead of what is expected to be an exceptionally close U.S. presidential election, after rising more than 2% in the previous…

Read More Here

Oil gains more than $1 after OPEC+ delays output hike

Oil prices extended gains on Monday, rising more than $1 on a decision by OPEC+ to delay by a month plans to increase output, while the market braced for a…

Read More Here

Oil gains more than $1/bbl on reports Iran preparing strike on Israel

Oil prices extended gains on Friday, climbing more than $1 a barrel to pare weekly losses, as geopolitical tensions in the Middle East rose following reports that Iran was preparing…

Read More Here

Oil prices rise on optimism over solid US fuel demand

Oil prices rose on Thursday, extending the previous day's rally, driven by optimism over U.S. fuel demand following an unexpected drop in crude and gasoline inventories, while reports that OPEC+…

Read More Here

Oil hovers at one-month low

Oil prices held at more than one-month lows, after sliding in the previous two sessions, as markets weighed a potential ceasefire between Israel and Hezbollah and rising OPEC+ crude supplies…

Read More Here

Oil prices little changed though US reserve bid lends support

Oil prices were little changed on Tuesday after falling in the previous session as a U.S. plan to buy oil for the Strategic Petroleum Reserve (SPR) provided some support though…

Read More Here

Oil slides on Mideast respite, yen down as Japan govt loses majority

The yen hit a three-month low on Monday as Japan's ruling party lost its parliamentary majority, while oil tumbled after Israel's weekend strike on Iran bypassed oil or nuclear targets.…

Read More Here

Oil heads for weekly gain as Middle East tensions keep market on edge

Oil prices nudged higher on Friday and are on track for a weekly gain of more than 1%, as tensions in the world's top oil-producing region, the Middle East, and…

Read More Here

Oil prices rise more than 1% amid concerns on Mideast tensions

Oil prices climbed by more than 1% on Thursday, almost reversing previous session's losses, as Middle East tensions came back into focus ahead of the U.S. election despite a mixed…

Read More Here

Oil slips on higher US crude stockpiles; market watches Middle East

Oil prices dipped on Wednesday after industry data showed U.S. crude inventories swelled more than expected, though declines were capped as the market watched diplomatic efforts in the Middle East…

Read More Here

Oil prices trim Middle East war risk-gains, China demand remains a worry

Oil prices fell on Tuesday, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as…

Read More Here

Oil prices steady after 7% weekly drop

Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world's top oil importer, and an easing…

Read More Here

Oil steadies, but on track for biggest weekly loss in over a month

Crude oil futures steadied on Friday after strong U.S. retail sales data, but Chinese economic indicators remained mixed and prices were headed for their biggest weekly loss in more than…

Read More Here

Oil edges up from two-week lows as investors await US inventory data

Oil prices edged higher on Thursday from two-week lows, with investors eyeing developments in the Middle East and more details on China's stimulus plans, as well as awaiting the release…

Read More Here

Oil steadies after sharp fall, Middle East uncertainty persists

Oil prices inched higher in early trade on Wednesday on uncertainty over what may happen next in the Middle East conflict, after demand concerns knocked the market to its lowest…

Read More Here

Oil falls 3% as concerns ease on potential Iran supply disruption

Oil prices slid 3% in early Asian trade on Tuesday after a media report said Israel is willing not to strike Iranian oil targets, which eased fears of a supply…

Read More Here

Oil prices fall by more than $1 on deflation worries in China

Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing's economic…

Read More Here

Oil prices steady after sliding on potential Israel-Hezbollah ceasefire

Oil prices steadied in Asian trading on Wednesday as traders weighed developments in the Middle East conflict against continued bearish expectations for demand. Brent crude futures rose 22 cents, or…

Read More Here

Oil edges lower after rallying to highest in over a month on Middle East war risk

Oil prices edged lower in early Asian trading hours on Tuesday as traders booked profits after prices rallied to their highest in over a month on Monday amid fears that…

Read More Here

Oil pares gains after strongest weekly rise in over a year

Oil prices pared gains in early trade on Monday after charting their biggest weekly rise in over a year on Friday amid mounting threats of a region-wide war in the…

Read More Here

Oil edges up on Middle East conflict but supply outlook limits gains

Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in…

Read More Here

Oil rises on prospects of wider Middle East war, firmer global supply caps gains

Oil prices rose on Thursday as the prospect of a widening Middle East conflict that could disrupt crude oil flows from the key exporting region overshadowed a stronger global supply…

Read More Here

Oil prices rise on escalating attacks in the Middle East

Oil prices rose on Wednesday on fears conflict in the Middle East could turn into a wider war and disrupt oil supply from the key producing region after Iran fired…

Read More Here

Oil little changed as demand worries offset Mideast fears

Oil prices were little changed on Tuesday as stronger supply prospects and tepid global demand growth outweighed worries that escalating tensions in the Middle East could impact output from the…

Read More Here

Oil prices rise on Middle East conflict fears as Israel steps up attacks

Oil prices extended gains on Monday, buoyed by escalating concerns over potential supply pressures from Middle East producers following Israel's increased attacks on Iranian-backed forces in the region. Brent crude…

Read More Here

Oil prices fall as expectations of higher supplies hammer market sentiment

Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the broader OPEC+…

Read More Here

Oil prices little changed as US stockpile drop offsets global demand woes

Oil prices were little changed on Thursday after falling in the previous session as signs of higher fuel demand and falling stockpiles in the U.S., the world's biggest oil user,…

Read More Here

Oil prices steady as China stimulus hopes fade, U.S. crude stockpiles fall

Oil prices steadied on Wednesday after rising in the previous session on fading excitement for the economic stimulus in China, the world's biggest crude importer, though an industry report showing…

Read More Here

Oil prices rise on fresh China stimulus, Middle East tensions

Oil prices rose on Tuesday on news of fresh monetary stimulus from top importer China, and concerns escalating tensions in the Middle East could hit supply from the key producing…

Read More Here

Oil prices rise slightly amid Middle East conflict and U.S. rate cuts

Oil prices gained slightly during early trade on Monday, boosted by concerns conflict in the Middle East may impact supply in the key producing region and expectations the U.S. interest…

Read More Here

Oil prices set to end week higher after US rate cut

Oil prices, which were little changed in early Asian trade on Friday, were on track to end higher for a second straight week following a large cut in U.S. interest…

Read More Here

Oil prices fall

Oil prices fell in Asian trading on Thursday after a larger-than-expected Federal Reserve interest rate cut sparked concerns about the U.S. economy. Brent crude futures for November fell 34 cents,…

Read More Here

Oil prices steady

Oil prices steadied on Wednesday, after rising in the previous two sessions, as investors await the U.S. Federal Reserve's anticipated interest rate cut, with the potential for more violence in…

Read More Here

Oil extends gains on US output concerns, expected drop in stockpiles

Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower U.S. crude stockpiles. Brent crude futures for…

Read More Here

Oil prices inch up on Fed rate cut outlook

Oil prices edged up in early trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by weaker China data and persistent demand…

Read More Here

Oil extends recovery to cap volatile week

Oil prices rose on Friday, extending a rally sparked by output disruptions in the U.S. Gulf of Mexico, where Hurricane Francine forced producers to evacuate platforms before it hit the…

Read More Here

Oil prices gain on US hurricane impact concerns

Oil prices rose during Asian trade on Thursday, spurred by concerns of Hurricane Francine impacting output in the U.S., the world's biggest crude producer, though worries of lower demand capped…

Read More Here

Oil prices rebound on fears of supply disruption from tropical storm

Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand. Brent crude futures climbed 39 cents, or 0.6%, to $69.58 a…

Read More Here

Oil prices dip as weak demand offsets supply disruptions from Gulf storm

Oil prices edged down on Tuesday as weak Chinese demand offset supply disruptions from Tropical Storm Francine and as global oil oversupply risks continued to weigh on the market. Brent…

Read More Here

Oil prices jump $1 on Gulf Coast storm, post selloff recovery

Oil futures jumped by a dollar in early trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker-than-expected…

Read More Here

Libya oil exports still mostly shut, some ships loading from storage

Libyan oil exports remained largely halted, shipping data showed, but some tankers were being allowed to load crude from storage, with output still curtailed amid a political standoff over the…

Read More Here

Oil steadies on U.S. crude stock drawdown, OPEC+ output hikes delay

Oil prices edged up in early trading on Friday as investors weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by OPEC+ producers against mixed…

Read More Here

Oil prices edge up as OPEC+ may delay supply hike, US stockpiles fall

Oil prices edged up after plunging to multi-month lows previously as major producers may delay an output increase planned for next month and U.S. inventories fell, though the gains were…

Read More Here

Oil extends drop on easing Libyan dispute, demand concerns

Oil prices fell on Wednesday, extending a plunge of more than 4% the previous day, on expectations that a political dispute halting Libyan exports could be resolved and concerns over…

Read More Here

Oil prices fall as weak demand overshadows Libya blockade

Brent oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities…

Read More Here

Around 700,000 bpd of Libya oil output offline in political standoff

More than half of Libya's oil production, or around 700,000 barrels per day, was offline on Thursday, as a standoff between rival political factions over the central bank and oil…

Read More Here

What’s behind Libya’s oil shutdown?

Libya's latest oil shutdown has pushed up global energy prices. This explains the situation. HOW DID WE GET HERE? Since the 2011 NATO-backed uprising that toppled Muammar Gaddafi and thrust…

Read More Here

Libya’s oil blockade widens as factions vie to control central bank

Libya's oil blockade widened with eastern leaders demanding western authorities back down over the replacement of the central bank governor, a key position in a state where control over oil…

Read More Here

Oil edges up as Libyan supply woes offset lower-than-expected U.S. stock draw

Oil prices edged up on Thursday after two sessions of losses, as supply concerns over Libya returned to focus, although countered by a smaller-than-expected draw in U.S. crude inventories that…

Read More Here