Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into riskier assets such as commodities amid gains in broader equity markets and on signs of renewed demand from top oil importer China. Brent crude futures for December settlement rose 22 cents, or 0.2%, to $90.25 a barrel by 0620 GMT. U.S. Read More
Oil prices rose in thin trade in early Asian hours on Monday as the U.S. dollar’s strength eased while investors awaited data from China to gauge demand at the world’s top crude oil importer. Brent crude futures rose 85 cents, or 0.9%, to $92.48 a barrel by 0019 GMT, recovering from a 6.4% fall last Read More
Oil prices were stable on Friday as support from a large cut to the OPEC+ supply target and a weaker dollar were countered by global recession fears and weak oil demand in China. Brent crude futures were down 60 cents, or 0.6%, at $93.97 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell Read More
Oil prices firmed on Thursday, finding continued support from an OPEC+ decision last week to cut supplies, as the International Energy Agency warned that those cuts may push the global economy into recession. Brent crude futures rose 21 cents, or 0.2%, to $92.66 a barrel. U.S. West Texas Intermediate crude was up 14 cents, or Read More
Oil futures recouped some losses on Wednesday, recovering from a 2% slide in the previous session, supported by supply concerns stemming from last week’s OPEC+ cut to its production target, though a stronger dollar weighed on sentiment. Brent crude futures were up 37 cents, or 0.4%, at $94.66 a barrel after touching a session low Read More
Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies following OPEC+ cuts and ahead of the European Union embargo on Russian oil. Brent crude futures fell 81 cents, or 0.8%, to $97.11 a barrel by 0131 GMT while West Texas Read More
Oil prices rose on Friday, continuing an upward trend after OPEC+ this week agreed to tighten global supply with a deal to cut production targets by 2 million barrels per day (bpd). The cut from the Organization of Petroleum Exporting Countries and allies including Russia, together known as OPEC+, is its largest reduction since 2020 Read More
Oil prices rose for a fourth session on Thursday, with Brent at a three-week high, after OPEC+ agreed to further tighten global crude supply with a deal to slash production by about 2 million barrel per day, the largest reduction since 2020. Brent crude futures for December settlement rose 22 cents, or 0.2%, to $93.59 per Read More
Oil prices inched up on Wednesday extending 3% gains in the previous session ahead of a meeting of OPEC+ producers to discuss a big output cut in what energy executives and analysts see as a tightly supplied market. Brent crude rose 11 cents to $91.91 a barrel at 0001 GMT, after climbing $2.94 in the previous Read More
Oil prices edged up on Tuesday as expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday outweighed concerns about the global economy. Brent crude futures rose 47 cents, or 0.5%, to $89.33 per barrel by 0352 GMT after gaining more than 4% in the previous session. U.S. Read More
