Oil prices edged lower following a protracted rally, but retained support from pledges by top producers Saudi Arabia and Russia to extend supply cuts through September. Both global benchmarks notched up their sixth consecutive weekly gains last week.
On …
HOUSTON – Oil prices edged lower on Tuesday on a stronger dollar and signs of profit-taking, after rallying in July when investors wagered on tightening global supplies and demand growth in the second half of the year.
Brent …
LONDON – Oil prices dipped on Monday after weak economic data from top consumers the United States and China, though expected crude supply cuts from Saudi Arabia and Russia limited losses.
Brent crude futures fell 19 cents, or 0.2%, …
SINGAPORE – Oil prices dipped in early Asian trade on Monday, but held close to the highest levels since the start of the year on optimism that China’s reopening will lift fuel demand at the world’s top crude importer.…
Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world’s largest crude oil importer.
West Texas Intermediate Crude fell $1.63, or 2.07%, to $77.19 a barrel.…
LONDON – Oil prices steadied on Thursday after early losses as the U.S. dollar firmed while the possibility of further increases to interest rates by central banks also heightened demand concerns.
Brent crude futures were down 33 cents …
Oil edged to its lowest since the start of the year in volatile trading, after U.S. government data showed an unexpectedly large build in fuel stocks, feeding fears about demand in a market already spooked by an uncertain economy.…
NEW YORK – Oil prices slid about 1per cent to a near two-week low on Wednesday as the U.S. dollar soared, the country’s gasoline demand declined and investors worried about a possible global recession.
Trading was volatile, with prices …
LONDON -Oil prices fell in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) reduced its economic growth forecasts and warned of higher inflation.
Brent crude was down $3.94, or 3.4%, to $109.22 a
NEW YORK – Oil prices fell on Wednesday after a large jump in U.S. crude inventories in the aftermath of last month’s Texas winter storm, but price declines were limited due to an upbeat forecast for global economic recovery.…
NEW YORK – Oil prices slipped on Thursday after industry data showed a surprise increase in U.S. crude inventories that revived pandemic-related fuel demand concerns, while U.S. stimulus hopes buoyed prices.
Brent crude futures fell 3 cents to $56.05 …
NEW YORK -Oil prices edged lower on Tuesday, extending the previous session’s losses after the U.S. state of California tightened its pandemic lockdown through Christmas and COVID-19 cases surged in the United States and Europe.
Brent crude fell 3
LONDON – Oil prices fell on Monday on a record daily rise in global coronavirus cases, with big spikes in infections over the weekend in the United States, while traders await an OPEC meeting expected to recommend an easing …
