Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should restrict supplies to current levels, while Washington’s withdrawal of a tariff threat against Mexico removed Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Monday after the US announced that the tariffs on Mexico will be suspended indefinitely. At 10:06 am Singapore time (0206 Continue Reading
Pop goes the weasel. How quickly things can change in the oil market. In less than two months, the oil outlook has swung from strongly bullish to decidedly bearish. Only Continue Reading
Oil prices rose nearly 3% on Friday, climbing further from five-month lows hit this week, after Saudi Arabia said OPEC was close to agreeing to extend an output production cut Continue Reading
Crude oil futures made a recovery in morning trading in Europe Friday, following news reports that the US may postpone tariffs on Mexico and amid ongoing supply worries. At 1053 GMT, Continue Reading
Oil prices clawed back some losses at the end of the week on bullish news from OPEC. Oil prices showed some life at the end of this week on news Continue Reading
Crude oil futures extended their gains in mid-morning trade in Asia Friday, after optimism emerged in the market following news of a possible delay in US tariffs on Mexico. At Continue Reading
Oil prices jumped more than 2% on Friday, climbing further from five-month lows hit this week amid signs that OPEC and other producers may extend their output reduction deal. Brent Continue Reading
Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter than the swoon might suggest, but the supply and demand picture is Continue Reading
Increasing trade tensions and a broader economic slowdown, along with falling oil demand, will overtake supply shortages and lead to lower oil prices, Morgan Stanley said in a research note. Continue Reading
