Front-month oil futures settle higher, with data expected to reveal a weekly decline in U.S. crude supplies

Front-month oil futures contracts settled higher for a third straight session on Tuesday, ahead of U.S. government data that are expected to reveal a weekly decline in domestic crude stockpiles, following back-to-back weekly supply increases. West Texas Intermediate crude for September delivery...

Oil price rally takes a breather after Monday's big gains

Oil futures retreated on Tuesday, with crude prices pausing after a sharp run-up in the previous session that had been partly fueled by reports that Yemen's Houthi rebels launched a drone attack over the weekend on one of Saudi Arabia's largest oil fields. West Texas Intermediate crude for...

Oil Rises on Improvement Reported in Trade Talks, Drone Attack

Oil is getting a boost from a positive spin on U.S.-China trade talks and reports of a new drone attack on a Saudi oilfield. But the bigger factor for the week could be what transpires at the Kansas City Fed's annual gathering in Jackson Hole, Wyo. New York-traded West Texas Intermediate crude...

Oil rises after drone attack on Saudi field

Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that U.S.-China trade tensions could ease. Price gains were, however, capped to some degree by an unusually downbeat OPEC report that stoked concerns about...

U.S. Oil Futures Tally Gains For The Session And Week

Oil futures climbed Friday, tallying a gain for the week, their first in three weeks. "Today's rise reflected some reluctance to go home short over the weekend given the uncertainties in the Persian Gulf...," said Marshall Steeves, energy markets analyst at IHS Markit. "Overall, the market is...

Oil trims gains as OPEC lowers forecast for 2019 world oil-growth demand

Oil futures trimmed gains Friday after the Organization of the Petroleum Exporting Countries, in its monthly report, slightly lowered its outlook for global oil-demand growth this year. OPEC said it now expects oil demand to grow by 1.1 million barrels a day in 2019, down 40,000 barrels a day from...

Oil Heads for Weekly Gain as Trade War Headlines Whipsaw Market

Oil headed for its first weekly gain this month as trade war news continued to whipsaw the market against the backdrop of rising U.S. stockpiles and a weakening global demand outlook. West Texas Intermediate crude for September delivery rose 61 cents, or 1.1%, to $55.08 a barrel on the...