oil prices

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Oil prices rose on Thursday as the IEA joined producer group OPEC in forecasting relatively strong growth in global oil demand this year, with price impetus also coming from disruption to U.S. output and geopolitical risks in the Middle…

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Global shares edged up on Friday while oil surged as the conflict in the Red Sea region appeared to escalate, while slightly hotter U.S. inflation data did not shift investors' view that interest rates could soon start to fall. The MSCI…

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Oil prices fell by more than 1% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting worries about escalating geopolitical tension in the Middle East. Brent crude slipped 1.09%, or 86 cents, to…

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Oil prices slipped more than 1% on Monday as investors adopted caution ahead of a U.S. Federal Reserve policy meeting and China's manufacturing data due this week, offsetting support from tension in the Middle East. Brent crude futures…

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Oil prices changed on Thursday after a two-day decline, including a sharp drop on Wednesday, as a U.S. government credit downgrade weighed on sentiment, though concerns around supply tightness provided some support. Ratings agency Fitch…

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Oil prices climbed about 2% to a six-week high on Friday as supply concerns outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose $1.21, or 1.6%, to $77.73 a barrel by…

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Oil markets regained some ground in early Asian trade on Friday with traders engaged in short-covering ahead of the weekend. However, uncertainties regarding the U.S. debt ceiling and renewed fears over a U.S. regional…

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Oil prices rose on Friday but were poised for a third straight week of losses after markets registered dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand. Brent crude rose $1.22, or 1.7%, to $73.72 a barrel by…

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Oil prices extended losses on Wednesday after plunging 5% in the previous session, as investors fretted about the health of the US economy ahead of an expected Federal Reserve interest rate hike later in the day. Brent futures…

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Crude Oil prices fell on Monday, dragged down by a firmer U.S. dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world's biggest crude importer. Brent crude futures were down $1.01, or…