Crude oil prices falls as US increases reserves
Oil prices dipped on Wednesday as industry data revealed that US oil reserves climbed more than expected, but supply concerns capped losses. Brent crude futures for December slid $1.03, or…
Crude Oil prices remains stable as recession fears offset upbeat Chinese indications
Crude oil prices stayed unchanged on Monday, as concerns that soaring inflation and energy expenses pushed the global economy into recession were offset by China’s sustained loose monetary policy. Brent…
OPEC+ agrees to largest cut in oil production despite U.S. pressure
At a meeting in Vienna on Wednesday, OPEC+ agreed to the largest cuts in crude oil output since the 2020 COVID pandemic, limiting supply in an already tight market despite…
Crude oil prices surges on Tuesday expecting production cut by OPEC+
Crude oil prices increased on Tuesday, as hopes that OPEC+ will agree to a significant cut in petroleum supply on Wednesday countered concerns about the global economy. Brent crude was…
Crude Oil prices slipped on Thursday
Crude oil dipped on Thursday as concerns about supply outweighed fears about weaker demand and a strong US dollar ahead of a potentially hefty interest rate increase. The International Energy…
Crude Oil prices edges up on Tuesday
Crude oil prices rose early Tuesday, extending gains from the previous session, as investors worried about a lack of supplies ahead of the Northern Hemisphere’s winter heating season. By 0006…
Crude Oil price updates
After a small recovery the day before, crude oil prices declined in early trade on Friday, putting them on pace to decline for a second consecutive week due to concerns…
Crude Oil Prices Increases
On Thursday, crude oil prices increased as Russia threatened to stop selling crude oil and gas to select customers. However, the market was also affected by worries that China’s extension…