Oil prices near 2019 highs amid OPEC supply cuts, U.S. sanctions

Oil prices on Friday hovered close to 2019 peaks reached the previous day, propped up by supply cuts led by producer club OPEC and by U.S. sanctions against Iran and Venezuela. Brent crude oil futures were at $67.82 per barrel at 0122 GMT, down 4 cents from their last close but within a dollar of...

Oil Holds Near $60 as U.S. Stockpiles Plunge, Saudis Cut Supply

Oil held near a four-month high after U.S. crude inventories plunged by the most since July, while Saudi Arabia pressed on with export cuts. Futures slipped 0.5 percent in New York, having closed above $60 a barrel on Wednesday for the first time since November. U.S. government data showed...

Oil Prices Mixed; Trade Concerns, Fed's Warnings On Economic Slowdown In Focus

Oil prices were mixed on Thursday in Asia as the U.S. Federal Reserve highlighted signs of a slowing economy and raised concerns of slowing economic growth. U.S. Crude Oil WTI Futures was down 0.1% to $60.13 by 12:56 AM ET (04:56 GMT). International Brent Oil Futures edged up 0.2% to $68.60. On...

Oil eases from four-month high on global growth worries

Oil prices edged lower on Thursday, retreating from a four-month peak, as fears of a slowing global economy weighed on market sentiment. U.S. West Texas Intermediate (WTI) crude futures were at $60.16 per barrel at 00:40 GMT, down 7 cents, or 0.1 percent, from their last settlement. WTI had...

Oil prices pull back from multimonth highs

Oil futures pulled back Wednesday but held ground near multimonth highs hit this week amid expectations that major global producers outside the U.S. are expected to continue to keep a lid on output. May Brent crude fell 21 cents, or 0.3%, to $67.40 a barrel on ICE Futures Europe. Its finish at...

Oil Prices Fall as Sino-U.S. Trade Talks Anxiety Rises

Oil prices fell on Wednesday in Asia as uncertainty on the Sino-U.S. trade front intensified. Citing people familiar with the matter, Bloomberg reported on Tuesday that U.S. officials are concerned that China might refuse to accept U.S. demands in the countries' ongoing trade talks. Meanwhile,...

Oil beats retreat from four-month high on fears for US-China trade progress

Oil prices fell on Wednesday, retreating from a four-month high, as concerns that trade talks between the United States and China have stalled, stoking fears over the outlook for global economic growth. International Brent crude oil futures were at $67.49 a barrel at 0107 GMT, down 15 cents, or...