Oil prices rose by around 1 percent on Thursday, with Brent crude futures hitting a 2019-high, buoyed by hopes that the Sino-U.S. tariff dispute could end soon and as China’s Continue Reading
Oil prices rose almost 2 percent on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, but swelling Continue Reading
U.S. Gulf Coast crude prices climbed sharply this week after fog-related port closures slowed the nation’s crude imports and as supplies rose at the U.S. storage hub in Cushing, Oklahoma, Continue Reading
The American Petroleum Institute (API) reported a small crude oil inventory draw of 998,000 barrels for the week ending February 8, close to analyst expectations that predicted a build in Continue Reading
Oil prices rose more than 1 percent on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member, Saudi Arabia said it would reduce its Continue Reading
Oil prices rose on Tuesday afternoon as Saudi Arabia pledged deeper cuts in March while its biggest partner in the deal, Russia has failed to commit to its part of Continue Reading
Following an optimistic start to the year and the best January ever for oil prices, hedge funds and other money managers began the month of February more cautiously as fears Continue Reading
Larger-than-expected production cuts by some major oil suppliers and falling seasonal crude inventories due to growing demand are set to push up oil prices, Goldman Sachs said. The U.S. bank Continue Reading
The world’s two biggest energy exchanges have taken their fierce rivalry to Houston, Texas in pursuit of business linked to the millions of barrels of shale oil arriving in the Continue Reading
Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. output and concerns over economic growth to keep markets Continue Reading
