Crude oil futures edged lower in mid-morning trade in Asia Wednesday amid expectations of weaker global demand and a build in US inventories. At 10:32 am Singapore time (0232GMT), ICE December Continue Reading
Prices at the pump continued their downward slide in the US Midwest, following large drops in the differential price for Chicago RBOB, which reached a low of NYMEX November RBOB Continue Reading
The Brent Crude price is finely balanced at US$60 per barrel, but the U.S.-China trade spat will likely drag oil demand and, as a result, oil prices, lower rather than Continue Reading
Crude oil futures were largely stable in mid-morning trade in Asia Tuesday, after settling lower overnight on bearish macroeconomic data, as the market awaits fresh drivers after the Diwali public Continue Reading
Oil prices fell on Monday after strong gains last week, as data released in China reinforced signs that its economy is slowing, though progress in China-U.S. trade talks has supported Continue Reading
Oil was down at the start of trading on Friday, but was poised to close out the week with modest gains on the back of EIA inventory drawdowns and rumors Continue Reading
Crude oil futures slipped during mid-morning trade in Asia Friday amid a mixed data of global demand and supply fundamentals, while market participants continued to seek fresh cues for price Continue Reading
Oil prices steadied on Friday and were on track for strong weekly gains as support from a surprise draw in U.S. inventories and possible action from OPEC and its allies Continue Reading
Oil prices received a jolt mid-week on rumors that OPEC+ might cut deeper and also because of a surprise drawdown in EIA inventory data. Nevertheless, economic cracks continue to dominate Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Thursday, retreating from overnight highs, where both benchmark contracts had jumped by more than $3/b. Latest comments made by Russia Continue Reading
