Category: Prices

Oil slipped towards $65 a barrel on Friday as the threat of war in the Middle East receded and investors focused on rising U.S. inventories and other signs of ample Continue Reading

Oil prices retreated further on Thursday, adding to sharp losses in the previous session as the market shifted focus toward rising U.S. crude stocks and away from worries about the Continue Reading

Crude oil futures moved higher during mid-morning trade in Asia Thursday on mild bargain-hunting after Wednesday’s sell-off that saw markers fall by more than $2/b, while analysts warned that supply Continue Reading

Oil prices edged higher on Thursday, clawing back some of the sharp losses made in the previous session on the back of easing fears of an escalation in the conflict Continue Reading

Oil futures fell more than 4% on Wednesday in a wild swing, soaring close to a four-month high in early trade on an Iranian rocket attack on U.S. forces in Continue Reading

Oil prices fell on Wednesday afternoon after US President Donald Trump announced that Iran was backing off its retaliatory stance, and was, as the US President put it, “standing down”. Continue Reading

Prices gave up most of their early gains as analysts said market tension could ease as long as oil production facilities remain unaffected by attacks. Tweets by U.S. President Donald Continue Reading

Crude oil futures retreated from early morning highs in the mid-afternoon trade in Asia Wednesday but remained supported after Iran launched missiles on two US military bases in Iraq in Continue Reading

Front-month March ICE Brent crude oil futures surged more than $3/b to hit a high of $71.75/b at Wednesday’s Asia open, after Iran launched missiles striking two US military bases Continue Reading

The American Petroleum Institute (API) has estimated a large crude oil inventory draw of 5.95 million barrels for the week ending January 3, compared to analyst expectations of a smaller Continue Reading