O il futures edged lower Thursday, losing ground after a relief rally sparked by data showing a slowdown in key U.S.
World oil demand is forecast to grow by 1.1 million barrels per day this year, down 140,000 bpd from last month's projection.
Brent oil futures held steady on Thursday, bolstered by signs of stronger demand in the U.S. after slower than expected ...
Commodity analysts at Standard Chartered have revealed that hedge ratios for 2024 U.S. oil and gas output remain well below long-term averages ...
Monty Rakusen/DigitalVision via Getty Images As markets look ahead to OPEC+ meeting in early June where the producer group is expected to extend the ...
Crude oil prices are expected to remain volatile over the near-term with a bullish bias due to reduced inventories and ...
WTI Oil WTI Oil 150524 Daily Chart . WTI oil rebounded from session lows as traders reacted to the EIA report, which ...
The analysts highlighted in the report that SCORPIO, their machine-learning oil price model, had indicated a May 13 ...
The average price of diesel at fuel pumps around the north has fallen to its lowest price in four months, new Consumer ...
there was plenty of scope for prices to fall as inventories built. Fading speculators has undoubtedly been the best way to ...
Oil prices were rising, buoyed by shrinking stockpiles and a wider risk-on mood. Brent crude was up 0.4% at $83.06 a barrel, while WTI rose 0.3% to $78.86 a barrel. The market is bullish after ...
Indeed, planned investment more than tripled in the months after the announcement of forward contracts, even though prices were falling at the time. Oil traders might resent Mr Biden’s foray into ...