Oil prices gained for a second day on Thursday after drawdowns in U.S. inventories and accelerating German economic activity bolstered confidence in the fuel demand recovery. Doubts about the future Continue Reading
Oil in London advanced to a fresh two-year high above $75 a barrel, as industry data pointing to another drop in U.S. crude stockpiles reinforced a bullish picture for global Continue Reading
Oil pared gains with technical indicators showing the commodity is overbought, while traders assessed depleting U.S. stockpiles. Futures in New York closed 0.3% higher on Wednesday with West Texas Intermediate’s Continue Reading
Crude oil futures ticked higher in mid-morning trade in Asia June 23 after the American Petroleum Institute reported a large draw in US crude inventories as the market awaited the Continue Reading
Oil rose above $73 a barrel after an industry report pointed to another decline in U.S. crude stockpiles, adding to a bullish outlook. Futures in New York climbed 0.6% after Continue Reading
Oil prices soared on Monday as optimism around demand grew, but rumors that OPEC+ is considering boosting its oil production in August sent prices lower on Tuesday morning Chart of Continue Reading
Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Continue Reading
BofA’s Blanch Sees Three Reasons Why Oil Will Rise to $100 The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because Continue Reading
Oil retreated after hitting $75 a barrel in London for the first time in over two years, as traders waited to see how OPEC+ will handle a rapidly tightening market. Continue Reading
Crude oil prices rose on Tuesday, with Brent hitting $75 a barrel for the first time since April 2019, as investors remained bullish about a quick recovery in global oil Continue Reading
