Oil prices were mixed on Tuesday as supply cuts, led by producer club OPEC, and U.S. sanctions on fuel exports from Iran and Venezuela supported crude, while concerns about an Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Tuesday, shrugging off bearish comments on the US-China trade negotiations as supply issues continued to dominate the spotlight. At 10:30 Continue Reading
Oil prices may have had an impressive rally this year – until last week – but the longer-term trend looks downbeat. “Deflationary forces are gathering momentum,” Morgan Stanley analysts wrote Continue Reading
U.S. gasoline prices jumped the most since 2011 between New Year’s Day and early May this year, a few weeks before the unofficial start of the summer driving season—Memorial Day. Continue Reading
Crude oil futures were mixed during mid-morning trade in Asia Monday amid diverging indications on demand and supply fundamentals in the market, analysts said.At 11:00 am Singapore time (0300 GMT), Continue Reading
Oil steadied on Monday, trading below $69 a barrel, as concern over the U.S.-China trade dispute and global economic outlook offset support from Middle East tensions and supply cuts. Figures Continue Reading
A slight price recovery on Friday couldn’t save what turned out to be the worst week this year for oil markets. Brent is currently hovering around $68 per barrel having Continue Reading
Oil prices rose early on Friday, recovering from Thursday’s plunge that sent both WTI and Brent to their lowest levels in nearly two months, but prices are still poised to Continue Reading
Oil prices climbed 1 percent on Friday ahead of long U.S. and UK holiday weekends, but were on track for their biggest weekly drop of the year, pressured by rising Continue Reading
The the number of active oil and gas rigs fell again in the United States this week according to Baker Hughes, after a string of losses in the weeks prior, Continue Reading
