oil prices down Archives

Oil turns negative as large US crude stock build outshines supply concerns

February 25, 2026

(Investing) – HOUSTON – Oil prices slipped into negative territory on Wednesday as a much larger-than-expected U.S. crude stock build outweighed the threat to oil supply from potential military conflict between the U.S. and Iran. Brent futures were down 12 cents at $70.65 a barrel at 11:16 a.m. ET (1607 GMT), while WTI futures were down 26 cents at $65.37. U.S. crude inventories rose

Venezuela oil deal angers China, pushes prices down

January 7, 2026

(BOE Report) – Global oil prices fell on Wednesday and China denounced the U.S. as a bully after President Donald Trump’s administration said it had persuaded Venezuela to divert supplies from Beijing and import up to $2 billion worth of embargoed crude. The deal was in line with Trump’s stated aim of controlling the South American OPEC member’s vast oil

Oil prices slip lower; U.S. seizure of Venezuelan tanker, IEA forecasts in focus

December 11, 2025

(Investing) – Oil prices fell Thursday, handing back some of the previous session’s gains after the United States’ seizure of a sanctioned oil tanker off the coast of Venezuela triggered fresh fears about supply disruptions, while investors digested new forecasts from the International Energy Agency. At 08:00 ET (13:00 GMT), Brent Oil Futures expiring in February fell 1.1% to $61.53 per barrel and

Energy Secretary Wright: Oil prices low, ’great time to be a buyer’

October 22, 2025

(Investing)– U.S. Energy Secretary Chris Wright said Wednesday that current oil prices are low, making it a “great time to be a buyer” as he discussed plans to replenish the Strategic Petroleum Reserve (SPR). Speaking on Fox News, Wright indicated the government will “gradually fill the Strategic Petroleum Reserve up,” following the Department of Energy’s announcement Tuesday of a solicitation to

Oil tumbles further as US-China trade conflict fuels recession fears

April 7, 2025

(Investing) – LONDON -Oil prices extended losses on Monday, falling around 2% as escalating trade tensions between the United States and China stoked fears of a recession that would reduce demand for oil, while OPEC+ readies a supply increase. Brent futures were down $1.17, or 1.78%, to $64.41 per barrel at 1303 GMT, and U.S. West Texas Intermediate crude futures were down

Oil dips as economic concerns, supply and demand expectations weigh

March 13, 2025

(Investing) – LONDON – Oil prices slipped on Thursday after surging in the previous session on a larger-than-expected draw in U.S. gasoline stocks, as markets weighed macroeconomic concerns and demand versus supply expectations. Brent futures were down 37 cents, or 0.5%, at $70.58 a barrel at 10:25 a.m. EDT (1425 GMT), while U.S. West Texas Intermediate crude futures fell 39 cents, or

oil prices down