NEW YORK (Reuters) – Oil prices edged lower on Friday, as concerns about China’s economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress Continue Reading
Trade war woes and economic concerns have kept a lid on oil prices this week, despite bullish geopolitical news in the Middle East. Oil prices were down on Friday morning Continue Reading
Crude oil futures were marginally lower during mid-morning trade in Asia Friday amid bearish report on US crude inventories last week, but bullish data on product stocks and an upcoming Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Thursday amid a bearish report on last week’s US crude inventory, while ongoing global growth concerns continued to provide downside Continue Reading
The American Petroleum Institute (API) has estimated a major crude oil inventory build of 10.45 million barrels for the week ending October 10—compared to analyst expectations of a much smaller Continue Reading
Oil inched up on Wednesday, supported by hopes that OPEC and allies may deepen their production cuts in December, while weakening global economic and oil demand outlook continues to weigh Continue Reading
The recent attack on the Abqaiq oil refinery saw Brent prices jump 20 percent in a matter of minutes, the largest spike in oil prices since 1982. Ultimately, the sharp Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Tuesday amid lingering global growth concerns as market participants look forward to US inventory data to be released Wednesday to Continue Reading
Oil prices rose on Friday after the U.S. and China seemed to hammer out a trade deal that postponed tariffs. But after studying the details – or lack thereof – Continue Reading
Oil prices lost about 2% on Monday on worries that global crude demand could stay under pressure as few details about the first phase of a U.S.-China trade deal did Continue Reading
