Oil prices climbed on Tuesday, with investors regaining some risk appetite as they await clues from the U.S. Federal Reserve chairman on potential interest rate rises and as some oil producers continued to struggle to beef up output. Brent crude futures gained 40 cents, or 0.5%, to $81.27 a barrel at 0529 GMT, after dropping Read More
Oil prices rose on Wednesday, extending gains even after OPEC+ producers stuck to an agreed output target rise for February and U.S. fuel inventories surged due to sliding demand as COVID-19 cases spiked. Brent crude futures rose $1.22, or 1.5%, to $81.22 a barrel as of 12:35 p.m. ET. U.S. West Texas Intermediate (WTI) crude Read More
Oil prices rose on Tuesday as investors expected OPEC+ producers meeting on output to stick with their planned increase for February based on indications Omicron would have only a mild impact on demand. Brent crude was up 48 cents, or 0.6%, at $79.46 a barrel at 1310 GMT, while U.S. West Texas Intermediate (WTI) crude Read More
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 rose on Thursday to extend several consecutive days of gains, buoyed by data showing U.S. fuel demand holding up well despite soaring omicron coronavirus infections. Brent crude futures rose 17 cents, or 0.2%, to $79.40 a barrel at 0217 GMT, climbing for a fourth day in a row. U.S. West Texas Intermediate (WTI) Read More
Oil prices rose on Monday due to hopes that the Omicron COVID-19 variant will have a limited impact on global demand in 2022, even as U.S. crude came under pressure from flight cancellations amid surging cases. More than 1,300 flights were cancelled by U.S. airlines on Sunday as COVID-19 reduced the number of available crews 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
