Oil fell to around $53 a barrel on Wednesday, pressured by rising output in major OPEC and non-OPEC producers and concern about an economic slowdown that could weaken demand. Russian Continue Reading
Crude oil futures dipped in mid-morning trade in Asia Wednesday as a bearish supply outlook kept a lid on prices. At 10:56 am Singapore time (0256 GMT), ICE March Brent Continue Reading
Oil prices ended with full-year losses for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about a supply glut Continue Reading
Despite a slight recovery in oil prices on the last day of 2018, benchmarks are set for their first overall annual decline since 2015, Reuters reports , noting since the Continue Reading
Oil markets have always been cyclical, and now even more so with advanced electronic trading, more speculation (which often results in wider oil price swings) and more producers, including the Continue Reading
Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the United States, and slowing economic growth undermine OPEC-led efforts Continue Reading
Crude oil prices rose early Monday in the last trading session of the year ahead of the New Year’s holiday, helped in part by reports on Friday by the Energy Continue Reading
Algeria’s energy minister said he was confident oil prices will return to between $65 and $70 a barrel by April, but stressed that the OPEC alliance would cut production further Continue Reading
Oil prices rose about 2 percent on the final day of the year on Monday, mirroring gains in stock markets, but were on track for the first annual decline in Continue Reading
Crude oil and natural gas futures are sharing a similar pattern this week. Both markets reached their lows early on before sitting in a range the rest of the week. Continue Reading
