Oil slides more than $7 on inflation and Iraq exports
Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as…
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WTI crude
Oil rises as dollar strength eases, but Fed weighs
Oil prices rose on Monday, bolstered by a slightly weaker U.S. dollar and stronger equity markets in a session that seesawed between supply fears and expectations that rise in U.S. interest…
Oil prices tumble more than $4 ahead of potential large U.S. rate hike
Oil prices fell more than $4 on Thursday as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand.
Brent…
Oil tops $120 a barrel on Saudi pricing despite OPEC+ deal
LONDON -Oil prices topped $120 a barrel in choppy trade on Monday buoyed by Saudi Arabia raising its July crude prices but amid doubts that a higher output target for OPEC+ oil producers…
Oil prices scale $85/bbl on back of supply deficit
LONDON: Oil prices hit a fresh three-year high on Friday, climbing above $85 a barrel on forecasts of a supply deficit over the next few months as rocketing gas and coal prices stoke a…
Oil falls as storm-hit US supply trickles back into market
NEW YORK: Oil prices fell on Friday as energy companies in the US Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output.
Brent crude futures fell 33…
Oil slips as weak US jobs report gives ‘reality check’
NEW YORK: Oil prices fell on Friday after a weaker than expected US jobs report indicated a patchy economic recovery that could mean slower fuel demand during a resurgent pandemic.
Losses…
Oil prices fall first day in four as virus concerns return
TOKYO: fell on Thursday for the first session in four amid renewed concerns about demand recovery as more restrictions are imposed to curb COVID-19 infections.
Brent crude was down 45…
Oil slides 4% on China virus curbs and climate warning
LONDON: Oil prices fell by 4% on Monday, extending last week's steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in Asia, especially…
OPEC+ to resume oil policy talks on Monday after UAE roadblock
LONDON/DUBAI/MOSCOW: OPEC+ will resume talks on Monday after failing to reach a deal on oil output policy for a second day running on Friday because the United Arab Emirates blocked some…