Crude oil futures moved lower during mid-morning trade in Asia Tuesday following the release of the latest International Monetary Fund report, where it downgraded its oil price and growth forecasts Continue Reading
Oil prices fell more than 1 percent on Tuesday on signs that an economic slowdown in China was spreading, stoking concerns about global growth and fuel demand. The gloomy news Continue Reading
Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China’s economic growth is cooling and instead latched on to positive supply-side drivers for Continue Reading
This year, the factors that will most likely drive the price of oil are the Trump administration’s showdown with Iran and the strength of the global economy. In other words, Continue Reading
Crude oil futures moved sideways during mid-morning trade in Asia Monday, continuing to hold on to support from signs that supply may tighten while market participants digested news of China’s Continue Reading
Oil prices fell on Monday, in line with weaker stock markets after evidence that economic growth in China, the world’s second-largest crude consumer, eased in 2018. Brent crude oil futures Continue Reading
The “journey to a balanced market will take time, and is more likely to be a marathon than a sprint.” The International Energy Agency (IEA) said that the OPEC+ cuts Continue Reading
Oil prices rallied about 3 percent on Friday, boosted after OPEC detailed specifics on its production-cut activity to reduce world supply, and on signals of progress in resolving the U.S.-China Continue Reading
Oil prices were relatively quiet this week, bouncing around, but closed out the week on a positive note. T IEA: Balancing oil market will be a “marathon.” The IEA said Continue Reading
Crude oil futures were higher during Friday mid-morning trade in Asia following OPEC’s monthly report signaling more production cuts, bolstering market sentiment. At 11:20 am Singapore time (0320 GMT), ICE March Continue Reading
