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Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
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Saudi And Russia Extend Oil Cuts Through December
Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, sending the price of Brent crude to a 10-month high.
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Oil Prices Steady As Supply Worries Offset Recession Fears
Oil prices were little changed early today as supply worries offset recession fears and China's commitment to its zero-COVID policy.
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Oil Prices Edge Lower On Prospect Of Rising US Interest Rates
Oil prices inched lower on Wednesday on concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust OPEC oil demand growth forecast.
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Oil Falls To $95 A Barrel On Increased Supply, Lower China Demand
Oil prices fell in early Asian trade on Thursday, led lower by increased supply and worries that the global economy could slow further with renewed restrictions to curb COVID-19 in China.
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Oil Edges Lower On Demand Worries From High Inflation, But Holds Above $104
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand.
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Brent Oil Climbs Above $100 A Barrel Amid Talk About OPEC Cuts
Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude futures market and fears about a global economic downturn.
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Oil Prices Back Up Near $100 Per Barrel, On Track For Weekly Gain
Brent was on track to climb more than 4% for the week, recouping part of last week's 14% tumble, its biggest weekly decline since April 2020.
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Oil Prices Tread Water After Sharp Declines On Demand Concerns
Oil prices were roughly unchanged in early trading on Friday after sliding around 3 per cent in the previous session
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Oil Prices Below $100 Per Barrel, A Day After Crashing 7% On Demand Worries
Oil prices fell below $100 per barrel in early Asian trading on Wednesday as US inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.
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Oil Rises On Tight Supplies; Trade Choppy On Demand Worries
Brent crude rose 26 cents to settle at $122.27 a barrel. U.S. West Texas Intermediate crude rose 26 cents to settle at $120.93 a barrel. Trade was volatile, with prices down about $3 a barrel earlier.
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Oil Prices Fall Over 2% As Fed Hikes Interest Rates
Brent crude futures for August settled down $2.7, or 2.2%, at $118.51 a barrel, having fallen as low as $117.75. U.S. West Texas Intermediate crude for July fell $3.62, or 3.04%, to $115.31 a barrel, after dropping to a low of $114.60.
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Oil Falls Over 2% On Demand Fears As Investors Weigh Recession Risk
Oil prices continued to pull back on Thursday, dropping more than 2 per cent as investors recalibrated assessments of recession risks and fuel demand amid interest rate hikes in major economies.
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Oil prices slump as investors fear Fed rate hikes will hurt demand
Brent crude futures settled at $110.05 a barrel, falling $1.69, or 1.5%. U.S. West Texas Intermediate (WTI) crude futures settled at $104.27 a barrel, down $1.92, or 1.8%.
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Amid Surging Crude And Food Prices, Retail Inflation Data Expected Today
Inflation for April 2022 had risen to an eight-year high of 7.79 per cent due to sharp jump in fuel and edible oil prices
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Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
-
Saudi And Russia Extend Oil Cuts Through December
Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, sending the price of Brent crude to a 10-month high.
-
Oil Prices Steady As Supply Worries Offset Recession Fears
Oil prices were little changed early today as supply worries offset recession fears and China's commitment to its zero-COVID policy.
-
Oil Prices Edge Lower On Prospect Of Rising US Interest Rates
Oil prices inched lower on Wednesday on concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust OPEC oil demand growth forecast.
-
Oil Falls To $95 A Barrel On Increased Supply, Lower China Demand
Oil prices fell in early Asian trade on Thursday, led lower by increased supply and worries that the global economy could slow further with renewed restrictions to curb COVID-19 in China.
-
Oil Edges Lower On Demand Worries From High Inflation, But Holds Above $104
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand.
-
Brent Oil Climbs Above $100 A Barrel Amid Talk About OPEC Cuts
Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude futures market and fears about a global economic downturn.
-
Oil Prices Back Up Near $100 Per Barrel, On Track For Weekly Gain
Brent was on track to climb more than 4% for the week, recouping part of last week's 14% tumble, its biggest weekly decline since April 2020.
-
Oil Prices Tread Water After Sharp Declines On Demand Concerns
Oil prices were roughly unchanged in early trading on Friday after sliding around 3 per cent in the previous session
-
Oil Prices Below $100 Per Barrel, A Day After Crashing 7% On Demand Worries
Oil prices fell below $100 per barrel in early Asian trading on Wednesday as US inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.
-
Oil Rises On Tight Supplies; Trade Choppy On Demand Worries
Brent crude rose 26 cents to settle at $122.27 a barrel. U.S. West Texas Intermediate crude rose 26 cents to settle at $120.93 a barrel. Trade was volatile, with prices down about $3 a barrel earlier.
-
Oil Prices Fall Over 2% As Fed Hikes Interest Rates
Brent crude futures for August settled down $2.7, or 2.2%, at $118.51 a barrel, having fallen as low as $117.75. U.S. West Texas Intermediate crude for July fell $3.62, or 3.04%, to $115.31 a barrel, after dropping to a low of $114.60.
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Oil Falls Over 2% On Demand Fears As Investors Weigh Recession Risk
Oil prices continued to pull back on Thursday, dropping more than 2 per cent as investors recalibrated assessments of recession risks and fuel demand amid interest rate hikes in major economies.
-
Oil prices slump as investors fear Fed rate hikes will hurt demand
Brent crude futures settled at $110.05 a barrel, falling $1.69, or 1.5%. U.S. West Texas Intermediate (WTI) crude futures settled at $104.27 a barrel, down $1.92, or 1.8%.
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Amid Surging Crude And Food Prices, Retail Inflation Data Expected Today
Inflation for April 2022 had risen to an eight-year high of 7.79 per cent due to sharp jump in fuel and edible oil prices
