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 ...
Chinese refiners will lift less Saudi crude oil in June than in May, people with knowledge of the matter said on Friday.
Citi has forecast that oil prices will average $86 per barrel in the second quarter, slightly higher than current Brent price ...
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.
Oil futures edged lower Wednesday after ending the previous session at nine-week lows, with traders awaiting a key U.S.
Commodity analysts at Standard Chartered have revealed that hedge ratios for 2024 U.S. oil and gas output remain well below long-term averages ...
Indeed, Joe Biden also seems to have a knack for the oil trade. Two years ago his administration initiated the largest ever sell-off from America’s Strategic Petroleum Reserve ( SPR ), an emergency ...
Crude oil prices are edging higher on Wednesday, buoyed by the anticipation of rising demand tied to a weakening U.S. dollar and a decrease in U.S. crude and gasoline inventories. This development ...
Crude markets had traded positively earlier in the session after data from the American Petroleum Institute (API) showed that ...
Oil futures ended lower on Friday, but U.S. and global benchmark prices made only modest moves for the week as traders ...