Oil prices fell on Friday on concerns that global trade disputes will slow economic growth and demand for fuel, but losses were limited by U.S. sanctions against Iran which look Continue Reading
Crude prices settled slightly lower on Thursday, extending the previous session’s losses as the escalating China-U.S. trade dispute casts doubt over the outlook for oil demand. Brent crude futures LCOc1 Continue Reading
Oil inched up on Thursday, paring some of the previous day’s steep price slide, after the first round of U.S. sanctions against Iran came into effect, although confidence in crude Continue Reading
Oil prices slid about 3 percent on Wednesday as a trade dispute between the United States and China escalated further and after Chinese import data showed a slowdown in energy Continue Reading
Trade tensions are catching up to the price of oil, snapping a streak of steady gains for crude on Wednesday. File Photo by John Angelillo/UPI | Aug. 8 (UPI) — Continue Reading
Oil prices edged up Wednesday ahead of weekly U.S. data that is expected to show a fall in stocks, while the reinstatement of the first phase of U.S. sanctions against Continue Reading
Oil prices steadied on Wednesday despite relatively weak Chinese import data as the market remained supported by falling U.S. crude inventories and the introduction of sanctions against Iran. Front-month Brent Continue Reading
The WTI for September posted a 16-cent gain Tuesday. The WTI for September posted a 16-cent gain Tuesday, settling at $69.17 a barrel after trading between $68.81 and $69.83. Meanwhile, Continue Reading
Wood Mackenzie sees a ‘loosening’ of the oil market towards the end of the year, Sushant Gupta, a director at the research and consultancy business, reveals in an interview with Continue Reading
With competing factors tugging on the price of oil, and subsequently retail gas prices, analysts were mixed on a direction for U.S. consumers. Motor club AAA reports a national average Continue Reading
