Crude oil futures ease as rally falters on US crude stock build
Crude oil futures were lower in mid-morning Asian trade on April 14, as a two-day rally in oil prices lost steam after data showed US crude oil stocks last week Continue Reading
Oil prices fall as market weighs mixed supply signals
Oil prices slipped on Thursday amid thin trading volumes ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. Brent futures Continue Reading
Oil prices edge higher with falling supplies in focus
Oil prices edged higher on Wednesday after Moscow said that peace talks with Ukraine had hit a dead end, fuelling supply worries, while weak economic data from China and Japan Continue Reading
Oil Prices Hold Gains Despite Major Crude Inventory Build
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 7.757 million barrels, compared to analyst predictions of a 1.367 million barrel build. U.S. crude Continue Reading
Is $100 Oil Sustainable?
There are a number of factors that have pushed oil prices into the stratosphere, but the rally may be becoming unsustainable. Russia’s war in Ukraine has created a particularly tight Continue Reading
Europe’s Gas Prices Jump As Ukraine Transit Demand Drops
After more than a week of consecutive declines, Europe’s benchmark natural gas prices rose on Tuesday amid lower orders for Russian gas supply transiting Ukraine. In morning trade in Amsterdam Continue Reading
Crude oil futures regain ground after China infections spark overnight plunge
Crude oil futures were higher in mid-morning Asian trade April 12, regaining ground lost in overnight trading after jitters over rising COVID-19 cases in China and upcoming oil reserve releases Continue Reading
Oil rises as Shanghai eases some COVID curbs, OPEC warns of tight supply
Oil prices climbed on Tuesday on easing concerns about demand in China after Shanghai relaxed some COVID-19-related restrictions and OPEC warned it would be impossible to increase output enough to Continue Reading
Oil Rebounds as Investors Assess China’s Easing Virus Lockdown
Oil staged a partial recovery, after dropping 4% on Monday, as traders weighed China’s demand outlook following the easing of some virus restrictions in the financial hub of Shanghai. West Continue Reading
Oil slides on release of strategic reserves and China lockdowns
Oil prices dropped by more than $2 a barrel on Monday after a second straight weekly decline on plans to release record volumes of crude and oil products from strategic Continue Reading