oil update

Oil eases as US demand concerns outweigh fears over Middle East conflicts

Crude stocks slumped by 6.4 million barrels to 453.6 million barrels in the week ended on April 19, ...

Oil climbs after Saudi Arabia hikes prices

With most of the long positions in oil cleared last week, the risks appear to be for WTI prices to r...

Oil creeps back up after three days of losses

OPEC+, which groups together OPEC and allies led by Russia, will meet on June 1 to decide on product...

Oil dips on concerns about demand, US stockpiles data awaited

Oil markets have been under pressure over expectations the Federal Reserve will keep interest rates ...

Oil steadies as investors weigh OPEC+ output cut extension

"The communication of a surprisingly detailed default plan to unwind extra cuts makes it harder to m...

Oil falls further on worries of supply rising later in 2024

Concerns on these macroeconomic drivers from the world's top oil consumer are likely to continue to ...

Oil regains ground on political uncertainty in US, Mideast

Oil markets are also broadly underpinned by supply cuts from OPEC+ with Iraq's oil ministry saying i...

Oil extends losses on ceasefire talks, demand concerns

Also weighing on prices, the U.S. dollar strengthened, making greenback-denominated oil more expensi...

Oil climbs more than USD 1 into positive territory

"The oil and product trade is going to be cautious as the market tries to get a handle on how bad th...

Oil prices down on swelling US crude stocks, easing Middle East tensions

The United States is the world's biggest producer and consumer of oil, and growing inventories point...

Oil falls USD 1 as OPEC+ set to carry out Oct oil output hike

"That modest inflation increase could basically solidify that we will only get a quarter percentage-...

Stocks batter, oil slides as growth concerns resurface

Oil prices hit multi-month lows.Asian shares and global stock futures tumbled on Wednesday, led by a...

Oil ends week higher as investors take stock of Fed rate cuts

"U.S. interest rate cuts have supported risk sentiment, weakened the dollar and supported crude this...