U.S. oil prices climb by nearly 32% for the week

Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of almost 32%. Prices extended their Thursday rally on growing expectations that major oil producers will reach an agreement to significantly cut production levels as efforts to slow the spread of COVID-19 continues to hurt...

Oil futures pare record gains as doubts creep in on Trump's Saudi-Russia output deal

Oil prices fell on Friday, coming off their biggest one-day gains in the previous session after U.S. President Donald Trump said he had brokered a deal between Saudi Arabia and Russia to cut output, but made no offer to reduce U.S. production. Brent crude futures fell 3%, or 9 cents, to $29.05 as...

U.S. oil prices settle nearly 25% higher; Trump expects a Saudi Arabia-Russia output cut

Oil futures rallied Thursday, finding support after President Donald Trump tweeted that he spoke to Saudi Arabia's Crown Prince Mohammed bin Salman, who held a discussion with Russian President Vladimir Putin, and now expects the two major oil producers to announce a production cut of...

U.S. crude oil futures up 4.8%, support at $20

U.S. crude oil futures opened 5% higher on Thursday, reversing Wednesday's losses, despite growing concerns about a looming economic depression due to the coronavirus pandemic. U.S. West Texas Intermediate (WTI) crude futures rose as much as $1.16 to a high of $21.47, and were up 4.8%, or 97...

Oil prices fall, but end off session lows

Oil futures fell on Wednesday on the heels a 10th straight weekly rise in U.S. crude supplies and ongoing worries about a drop in energy demand. Prices, however, pared much of their earlier losses amid a report from The Wall Street Journal that President Donald Trump will meet with the heads of...

Oil prices mixed, U.S. inventory build-up heightens oversupply concerns

Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States. Brent crude was down by 21 cents, or 0.8%, at $26.14 a...

Oil prices drop by more than half for the month

Oil futures finished modestly higher on Tuesday, but lost more than half of their value for the month of March on worries about energy demand amid restrictions set in place to avoid the spread of COVID-19. May West Texas Intermediate oil rose 39 cents, or 1.9%, to settle $20.48 a barrel on the...