Crude oil futures fell during mid-morning trade in Asia Friday as investors adopted a risk-adverse stance while awaiting more clarity on the impeachment inquiry into US President Donald Trump. In Continue Reading
Crude oil prices fell on news that Saudi Arabia has declared a partial cease-fire in Yemen, a move that could significantly ease tensions across the region. Oil is set to Continue Reading
Crude oil deepened its latest losses after the Energy Information Administration reported a 2.4-million-barrel build in crude oil inventories for the week to September 20. This compares with a build Continue Reading
Oil prices inched up on Friday, ending the week higher after stronger-than-expected U.S. economic data brightened the crude demand outlook and concerns over the safety of oil transport around the Continue Reading
Oil prices edged higher on Friday on worries about Middle East tensions, though a flagging global economic growth outlook amid the U.S.-China trade war capped gains. Brent crude futures LCOc1 Continue Reading
Faced with an economic slowdown, the European Central Bank indicated on Thursday that it was planning for an interest rate cut for the first time in more than three years. Continue Reading
Somewhere on its journey from the waters off Iran, around Africa’s southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and Continue Reading
Oil prices edged higher on Thursday amid Middle East tensions and a big fall in weekly U.S. crude stocks, but gains were stemmed by a frail demand outlook amid increasing Continue Reading
The American Petroleum Institute (API) reported a huge crude oil inventory draw of 10.961 million barrels for the week ending July 18, compared to analyst expectations of a much smaller—but Continue Reading
Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian Continue Reading
