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Oil slipped below $78 a barrel on Monday as OPEC+ looked set to agree to a further oil output increase and concern persisted about the demand impact of rising coronavirus cases, despite hopes of a further recovery in 2022. OPEC and its allies, or OPEC+, are expected on Tuesday to agree to the output hike. Read More

Oil prices fell 1% on Friday but were set to post their biggest annual gains in 12 years, spurred by the global economic recovery from the Covid-19 slump and producer restraint, even as infections surged to record highs around the world. On the last day of 2021, Brent crude futures were on track to end Read More

Oil prices were broadly stable on Thursday as signs that the worst effects of the Omicron variant might be more containable than previously feared were countered by new COVID-19 restrictions amid surging infections. Brent crude futures advanced 2.07%, or $1.56, to $76.85 per barrel, after a 1.8% gain in the previous session. U.S. West Texas Read More

Oil prices were broadly stable on Thursday as signs that the worst effects of the Omicron variant might be more containable than previously feared were countered by new COVID-19 restrictions amid surging infections. Brent crude futures advanced 2.07%, or $1.56, to $76.85 per barrel, after a 1.8% gain in the previous session. U.S. West Texas Read More

Oil prices shrugged off early gains on Thursday as countries imposed new travel curbs to combat surging cases, though the downside remained capped over positive developments around COVID-19. U.S. West Texas Intermediate (WTI) crude futures were down 3 cents at $72.73 a barrel after jumping 2.3% in the previous session. Brent crude futures advanced 6 cents, or Read More

Oil prices slumped on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions to combat its spread could dent fuel demand. Brent crude futures declined $2, or 2.7%, to end the day at $71.52 per barrel, while U.S. West Texas Intermediate (WTI) crude futures settled 3.7%, Read More

Oil prices edged up on Tuesday after a near 5% rebound the day before as concerns about the impact of the omicron variant on global fuel demand eased while Iran nuclear talks hit roadblocks, delaying the return of Iranian crude supplies. Brent crude futures rose 34 cents, or 0.5%, to $73.42 a barrel at 0124 GMT, after Read More

Oil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect U.S.-Iran talks on reviving a nuclear deal appeared to hit an impasse. Brent crude futures for February gained $1.69, or 2.4%, to $71.57 a barrel by Read More

Oil prices tumbled more than 3% on Tuesday after Moderna’s CEO cast doubt on the efficacy of Covid-19 vaccines against the Omicron coronavirus variant, spooking financial markets. The head of drugmaker Moderna told the Financial Times that Covid-19 vaccines are unlikely to be as effective against the Omicron variant of the coronavirus as they have Read More

Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.1%, to $78.30 a barrel at 0201 GMT, Read More

Oil prices rose on Monday but remained under pressure from rising COVID-19 cases in Europe and a potential release of Japanese and Indian oil reserves, raising concerns about both oversupply and weak demand. Prices of the Brent and U.S. West Texas Intermediate (WTI) crude benchmarks fell more than $1 in early trading, hitting their lowest Read More

Oil prices dropped on Wednesday after U.S. gasoline stocks fell more than expected last week, which could heighten pressure on the Biden administration to release oil from emergency reserves to cap soaring gasoline prices. U.S. West Texas Intermediate (WTI) crude futures fell 76 cents, or 0.9%, to $80.00 a barrel at 0211 GMT, extending a 12 cent loss from Read More

ok’sd4luy8+t’llk,vobkgk0mOil prices edged lower after U.S. crude stocks rose modestly, one day after an industry report suggested stocks had tightened. Brent crude futures were at $84.09 a barrel, down 69 cents. U.S. West Texas Intermediate (WTI) crude futures fell by $1.24, or 1.5%, to $82.91 per barrel. U.S. crude inventories rose by 1 million barrels Read More