Oil steadied above $64 a barrel on Wednesday as an industry report showing a surprise boost in U.S. crude inventories was offset by optimism about a U.S.-China trade deal being Continue Reading
Crude oil futures dipped in mid-morning trade in Asia Wednesday amid reports of a surprise build in US stocks data, while focus remained on hopes of positive developments in US-China Continue Reading
Oil prices and a gauge of global stock markets edged higher on Tuesday, lifted by fresh record highs on Wall Street after U.S. President Donald Trump said the United States Continue Reading
The American Petroleum Institute (API) has estimated a crude oil inventory build of 3.639 million barrels for the week ending November 21, compared to analyst expectations of a 418,000-barrel draw Continue Reading
Crude oil futures were largely stable during mid-morning trade in Asia Tuesday amid expectations of a draw in US crude stocks and as the market awaits fresh developments in the Continue Reading
Oil prices rose on Tuesday on hopes of progress toward a trade agreement between the United States and China, the world’s biggest oil users, and predictions of a draw in Continue Reading
Oil prices were little changed on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign Continue Reading
Crude oil futures were largely steady during mid-morning trade in Asia Monday as markets digested mixed news on ongoing trade talks between the US and China while awaiting fresh cues Continue Reading
The major forecasters see an oil supply surplus next year, but those bearish outlooks largely depend on the health of U.S. shale growth in 2020, an assumption that is looking Continue Reading
Crude futures settled lower Friday as unease over the status of US-China trade talks dampened the mood at the end of a week that saw prices reach their highest level Continue Reading
