U.S. oil prices finish higher, but post worst week of the year

U.S. oil futures finished higher Friday, recouping some of the losses they saw from a day earlier when they settled at a more than two-month low. Prices, however, also posted their worst weekly decline year to date. Traders continued to gauge the risk of an energy demand slowdown as the U.S. and...

Oil Rises Toward $69, But Set For 2019's Biggest Weekly Loss

Oil rose toward $69 a barrel on Friday after two sessions of losses, but remained on track for its biggest weekly drop this year due to rising inventories and concerns of an economic slowdown. U.S. crude inventories rose to hit the highest since July 2017, suggesting ample supplies in the world’s...

Oil Set for Biggest Weekly Drop of the Year as Trade War Bites

Oil headed for its biggest weekly drop since December as the rapidly escalating trade war caused investors to reassess the outlook for global growth, drowning out concern over multiple supply risks. Futures in New York rebounded as much as 1.4% Friday after plunging 5.7% the day before. Crude is...

Oil prices stabilize after sharp falls earlier in week

Oil markets stabilized on Friday amid OPEC supply cuts and tensions in the Middle East, after posting their steepest falls since the start of the year earlier in the week on the back of a global economic slowdown and swelling fuel inventories. Brent crude futures, the international benchmark for...

Oil Settles Down 6% in Worst Trading Day of 2019

Oil prices plunged nearly 6% Thursday in this year's worst drop and the worst fall since the start of OPEC production cuts in December. The escalating U.S.-China trade war and huge crude pileups from weak refiner demand combined to roil the market. West Texas Intermediate futures, the benchmark...

Oil Set For Worst Week in 6 Months as Crude Stockpiles Surge

Oil prices dropped on Thursday, extending falls from the previous session amid surging U.S. crude inventories as low refinery runs and ongoing trade tensions weighed on the demand outlook. World shares made it four days in the red in the last five as concerns grew the China-U.S. trade conflict...

Oil prices dip on swelling U.S. crude stocks, but global markets still tight

Oil prices dipped on Thursday, extending bigger falls from the previous session, as surging U.S. crude inventories and weak demand from refineries weighed on markets. However, oil markets still remain relatively well supported by supply cuts led by the OPEC producer cartel and by political...