Oil Prices

Oil prices extended losses Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu had told US President Joe Biden he would not strike Iran’s crude or nuclear facilities in retaliation for a missile attack earlier...

OPEC+ Surprise Announcement of Further Production Cuts Boosts Oil Prices Oil prices surged by around $5 per barrel in Monday’s opening trading, following a surprise announcement by OPEC+ that they would reduce production further in support...

As traders concentrated on the risks of a recession, oil prices fell on Thursday, continuing a three-day losing run. On the New York Mercantile Exchange, the West Texas Intermediate for April delivery fell 94 cents, or...

On Thursday, oil prices surpassed $100 for the first time in more than seven years after Russian President Vladimir Putin announced a “military action” in Ukraine, seemingly in response to worries that he would invade. Following...

Saudi Arabia hiked oil prices for Asian and US clients, indicating that demand remains high despite the emergence of the coronavirus’s omicron strain. Bloomberg says that the move comes days after OPEC and its allies –...

Oil prices hit a five-month low on Monday following fresh virus-induced lockdowns. More economies have tightened social restrictions including the UK, France and Germany as they battle rising infection rates. The fear is that the new...

Oil prices rose in Asian trade today and were set to finish the week with strong gains on signs demand is returning as some governments mitigate hard lockdown due to the coronavirus. US benchmark West Texas...

Oil prices fell sharply on Monday after a meeting to discuss output cuts between OPEC and its allies was delayed, dimming hopes of swift action to support coronavirus-ravaged energy markets. US benchmark West Texas Intermediate plunged...

For a number of years and at least from 2014 when oil prices began to slide from $115 per barrel to below $30 in early 2016, many experts and business journals began to question the relevance...

News Hour: Oil prices fell to seven-month lows on Tuesday after news of increases in supply by several key producers, a trend that has undermined attempts by OPEC and others to support the market through reduced...