Oil prices slipped on Monday as concerns about supply disruptions eased and Libyan ports reopened while traders eyed potential supply increases by Russia and other oil producers. But global supply Continue Reading
Oil retreated below $71 a barrel as Saudi Arabia was said to offer extra crude to some customers, while the U.S. reportedly considered tapping emergency supplies, to offset output losses Continue Reading
The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent WTCLc1-LCOc1 in just a month, as Continue Reading
The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent WTCLc1-LCOc1 in just a month, as Continue Reading
Oil prices held steady after Wednesday’s steep selloff, with the return of Libyan supply keeping prices in check despite reports of a tight global market. Join the world’s largest energy Continue Reading
Oil prices ticked higher Friday, as traders weighed a slew of mixed supply signals from the week and awaited further figures that could shift projections for a market deficit. Light, Continue Reading
Oil prices rose about 1 percent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan Continue Reading
Oil prices fell more than 1 percent on Friday, set for a second straight week of decline as Libyan ports reopen and amid hopes that Iran will still export some Continue Reading
Crude oil prices recovered some of the ground lost during Wednesday’s sharp downturn after the IEA warned supplies may be “stretched to the limit.” The price for Brent crude oil Continue Reading
Oil prices steadied on Thursday after the International Energy Agency’s (IEA) warned that the world’s oil supply cushion “might be stretched to the limit” due to production losses in several Continue Reading
