Oil prices fell on Monday on concerns the U.S.-China trade dispute will erode global economic growth, and ahead of a conference call between members of a committee monitoring an OPEC Continue Reading
Oil prices rose on Friday, but pared gains ahead of the close, as the market remained on edge about potential oversupply despite signs that Iran sanctions could curb output and Continue Reading
President Trump in May pulled the U.S. out of a 2015 international agreement to curb Iran’s nuclear efforts, triggering the reimposition of economic sanctions and raising the prospect of a Continue Reading
Baker Hughes reported a 13-rig decrease to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs fell to 1,044, according to Continue Reading
Oil prices will rise on supply disruptions from Iran, but trade war concerns, slowing global oil demand growth, and a stronger U.S. dollar will keep a lid on prices so Continue Reading
Crude oil futures resumed their climb in the European morning session Friday, supported by expectations of the market tightening towards the end of the year, with the market also focusing Continue Reading
Oil prices rose on Friday, supported by signs that U.S. sanctions on Iran are already reducing global crude supply. Benchmark Brent crude oil LCOc1 was up 60 cents a barrel Continue Reading
Oil prices steadied on Thursday as the escalating trade war between the United States and China weighed on demand expectations a day after prices jumped on a big draw in Continue Reading
The oil market continues to stagger forward without direction, and the EIA data is offering little clarity. Just last week, the EIA reported a sharp build up in crude oil Continue Reading
London — Crude oil futures drifted downwards in European morning trading Thursday, giving back some of the previous day’s gains after a larger-than-expected crude stockdraw in the US had pushed Continue Reading
