LONDON – Oil prices firmed on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts, adding to bullish sentiment from the previous day’s OPEC guidance, while U.S. data showed inflation in the world’s biggest economy was …
Oil prices rose early on Wednesday, extending gains from the previous two days, as the dollar fell after Federal Reserve Chair Jerome Powell sounded less hawkish on interest rates than markets had expected and as U.S. crude stocks …
Oil extended gains on Tuesday as a key pipeline bringing the resource to the United States remained shut, adding to concerns about potential tight supply in the world’s biggest crude consumer.
U.S. West Texas Intermediate (WTI) crude …
Oil prices climbed more than 1% on Thursday, extending their rally for a second day on concerns over market tightness after OPEC forecast a steeper rise in demand, even as investors awaited the outcome of U.S.-Iran nuclear talks …
OPEC stayed the course this week, sticking to their planned 400,000-barrels-a-day production increase and did not give in to the fears surrounding the recent price crash due to the omicron variant virus worries.
MELBOURNE- (Reuters) – Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in U.S. crude inventories, which reinforced OPEC’s robust demand outlook, and as the shutdown of the biggest U.S. fuel pipeline headed into …
NEW YORK – Oil prices surged more than 4% on Wednesday, after a report from the International Energy Agency, followed by U.S. inventory data boosted optimism about returning demand for crude.
Brent crude futures rose $2.70, or 4.2%, to …
LONDON – Oil futures prices have started to signal OPEC+ may have to do more to offset a second wave of coronavirus and a renewed economic slowdown.
Between mid-September and mid-October, Brent’s six-month calendar spread had been tightening, a …
NEW YORK – Oil rose on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus.
Brent crude LCOc1 rose 45 cents, or …
From Reuters
Mars Sour, a U.S. Gulf of Mexico crude grade, firmed to the strongest in four months on Monday as traders focused on offshore production losses caused by a tropical storm and a minimal disruption to refining.
Mars barrels …
