Oil Falls Close to 2022 Lows on Economic Worries, Easing Supply Fears

Oil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears that a Western cap on Russian oil prices would significantly curb supply. Warnings from big U.S. banks about a likely recession next year weighed, and supported...

Oil Falls as Weak US Economic Data Stokes Recession Fears

Oil fell on Thursday as weak U.S. economic data raised concerns over a potential global recession and demand reduction, but benchmark prices were headed for a weekly advance after OPEC+ announced further output cuts and U.S. oil stocks dropped. Brent crude futures fell 74 cents, or 0.9%, to...

Oil Falls as Venezuela, Iran Thaw Undercuts Supply Concerns

Crude futures fell as signs of a thaw in US relations with sanctioned oil producers Iran and Venezuela undercut expectations of tightening global supplies. West Texas Intermediate fell below $79 to the lowest closing price in more than a month. The Biden administration is...

Oil Falls as Surging Stockpiles, Fed Signals Damage Sentiment

Oil dropped as a massive increase in US crude stockpiles and the Federal Reserve’s hints that rate hikes will continue crushed the risk-on sentiment that prevailed earlier in the day.  West Texas Intermediate settled below $69 after swinging more than $2 throughout the session. Prices...

Oil Falls as Strong Dollar Outweighs Worries Over Middle East

Oil futures fell early Wednesday, feeling pressure as the U.S. dollar held near a one-month high and traders continued to play down worries over the potential for a wider conflict in the Middle East that could hit crude supplies. West Texas Intermediate crude for February delivery fell $1.51, or...

Oil Falls as Souring Economic Sentiment Filters Through Markets

Oil declined as sentiment soured over China following the conclusion of the party congress, filtering through broader markets. West Texas Intermediate slipped toward $83 a barrel on Monday as investors also digested a raft of delayed Chinese economic data that showed a mixed...

Oil Falls as OPEC+ Seeks to Resolve Pre-Meeting Output Dispute

Oil dropped after struggling for direction in a low-volume session as OPEC+ tries to resolve a disagreement over output quotas that forced the group to postpone a pivotal meeting. The Organization of Petroleum Exporting Countries and its partners are reviewing the demands made on...

Oil Falls as Focus Shifts From Red Sea Threats to US Supply Jump

Oil declined after three days of gains as data showing record-high US production outweighed threats by Houthi rebels in Yemen to continue targeting ships in one of the world’s most important waterways.  West Texas Intermediate fell as much as 1% in early Asian trading to below $74 a...

Oil Falls as Fed Rate Hike Raises Fuel Demand Concerns

Oil slipped on Thursday as a U.S. interest rate hike pushed up the dollar and increased fears of a global recession that would crimp fuel demand, although losses were capped by concerns over tight supply. Brent crude dropped 85 cnets, or 0.9%, to $95.30 a barrel at 0750 GMT, while U.S. West Texas...

Oil Falls as Economic Fears Overshadow Saudi Output Cut

Oil prices tumbled more than $1 a barrel on Tuesday, after a strong rally in the previous session as worries about the global economic growth outweighed Saudi Arabia's pledge to deepen output cuts. Brent crude futures were down $1.33, or 1.73%, to $75.38 a barrel by 0923 GMT. U.S. West Texas...

Oil Falls as Concerns About China Outweigh Extended Cuts

Oil prices eased on Thursday as an uncertain economic outlook for China outweighed expectations of tighter supplies from extended supply cuts in Saudi Arabia and Russia. Brent crude futures fell 42 cents, or 0.5%, to $90.18 a barrel by 1029 GMT, while U.S. West Texas Intermediate crude (WTI)...

Oil Falls Amid China Growth Uncertainties

Oil prices eased on Monday as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude fell 17 cents, or 0.2%, to $76.44 a barrel by 1319 GMT while U.S. West Texas Intermediate (WTI)...

Oil Falls ahead of Fed Rate Policy Announcement

Oil prices retreated further from 10-month highs on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand. Prices fell despite a bigger-than-expected draw in U.S. oil...

Oil Falls After Weekly Gain as Iran Signals Gaza Talks Progress

Oil declined following last week’s advance after Iran’s foreign minister flagged the Israel-Hamas conflict could be moving closer to a diplomatic solution. Trading remained muted with many Asia markets closed for Lunar New Year holidays.  Brent fell as much as 0.8% to below...

Oil Falls After Weekly Gain as Iran Signals Gaza Talks Progress

Oil declined following last week’s advance after Iran’s foreign minister flagged the Israel-Hamas conflict could be moving closer to a diplomatic solution. Trading remained muted with many Asia markets closed for Lunar New Year holidays.  Brent fell as much as 0.8% to below...

Oil Falls After U.S. Stockpiles Climb, Middle East Tensions in Focus

Oil prices fell on Thursday after a rise in U.S. crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped on fears of a broader conflict in the Middle East. Brent crude futures declined by 80 cents, or 0.9%, to $89.33 a barrel at 1010 GMT....

Oil Extends Year’s Biggest Rally as Iraqi Clash Curbs Exports

Oil extended its biggest rally of the year as a clash between Iraq and its Kurdish region curtailed exports, while fears over a fallout from the banking crisis receded.  West Texas Intermediate futures rose as much as 1%, after jumping above 5% on Monday in the steepest surge since...

Oil Extends Weekly Gain With Focus on Red Sea Shipping Attacks

Oil rose following its first weekly gain since late October as major shipping lines suspended transit through the Red Sea, highlighting the risk to the vital artery for international crude trade. Global benchmark Brent rose above $77 a barrel after gaining 0.9% last week to snap a...

Oil Extends Weekly Gain as Traders Look for Clues on Economy

Oil extended a weekly gain, with investors awaiting further economic data as the fallout from the banking crisis continued to ripple across markets. West Texas Intermediate futures edged toward $70 a barrel after climbing almost 4% last week. As the bank-sector turmoil sparks recessionary...

Oil Extends Volatile Run as Tight Supply Vies With Growth Woes

Oil switched between gains and losses as investors continued to weigh a tight market against concerns over a global economic slowdown. West Texas Intermediate surrendered earlier gains to trade near $85 a barrel. Crude remains within the wide range it has been trading in for the last month,...

Oil Extends Three Weekly Drops With Focus on Demand Outlook

Oil held three weeks of declines as traders wait for industry reports to confirm whether the recent run lower has been overdone.  Brent crude slipped toward $81 a barrel, after losing about 12% over the past three weeks on growing concerns over global demand and the unwinding of the...

Oil Extends Three Weekly Drops With Focus on Demand Outlook

Oil extended three weeks of declines as traders wait for industry reports to confirm whether the recent run lower has been overdone.  Brent crude dropped below $81 a barrel, after losing about 12% over the past three weeks on growing concerns over global demand and the unwinding of the...

Oil Extends Second Weekly Drop on Concerns Over China Recovery

Oil extended two weeks of losses after data from China reignited concerns about a patchy recovery in the world’s biggest crude importer.  West Texas Intermediate futures fell 1.6%, after strong US company earnings helped to pare a weekly drop on Friday....

Oil Extends Relief Rally to Fourth Day on Better Demand Signals

Oil rose for a fourth day, the longest run of gains in over two months, on signs the demand outlook may not be as bad as previously feared. Global benchmark Brent traded near $83 a barrel, and is up around 4% since Wednesday’s close. West Texas Intermediate was close to $79. Demand...

Oil Extends Relief Rally on Positive Fuel Consumption Signals

Oil rose for a fourth day, the longest run of gains in more than two months, on signs the demand outlook may not be as bad as previously feared. West Texas Intermediate traded near $78 a barrel, and is up more than 4% since last Wednesday’s close. Global benchmark Brent was close to $83....

Oil Extends Rally as Investors Shift Focus to Lower Inventories

Oil rose as signs of a further drawdown in US inventories helped prices to extend a rally driven by an unexpected OPEC+ supply cut. West Texas Intermediate rose toward $81 a barrel after closing at the highest level in almost 10 weeks. The industry-funded American Petroleum Institute...

Oil Extends Rally as Focus Shifts From OPEC+ Cut to Inventories

Oil rose as signs of a further drawdown in US inventories helped prices to extend a rally driven by an unexpected OPEC+ supply cut. West Texas Intermediate rose above $81 a barrel after closing at the highest level in almost 10 weeks. The industry-funded American Petroleum Institute...

Oil Extends Rally After OPEC+ Confirms Current Production Cuts

Oil extended gains to near a five-month high after OPEC+ confirmed it would maintain supply cuts. West Texas Intermediate rose toward $86 a barrel, after global benchmark Brent closed above $89. The Organization of the Petroleum Exporting Countries and its partners recommended no policy...

Oil Extends Losses With Demand Fears Overshadowing Tight Supply

Oil extended losses as concerns over the near-term demand outlook overshadowed signs of tightening supply heading into winter. West Texas Intermediate futures dropped toward $85 a barrel after closing 3.5% lower in the previous session. OPEC cut its forecasts for global demand in...

Oil Extends Losses on Demand Woes as Goldman Cuts Outlook Again

Oil extended losses amid persistent concerns around the demand outlook as Goldman Sachs Group Inc. cut its price forecast again. Brent futures fell toward $74 a barrel after capping a 1.8% decline last week, the biggest weekly drop since early May. Goldman made its third downward...

Oil Extends Losses as US Slowdown Overshadows Stockpile Draw

Oil extended losses after the biggest decline in a month as a stalling US economy overshadowed a big draw in crude stockpiles. West Texas Intermediate dropped below $79 a barrel after closing 2.1% lower on Wednesday. The US economy stalled in recent weeks, the Federal Reserve said...

Oil Extends Losses as Economic Headwinds Weigh on Demand Outlook

Oil prices fell for a second day on Monday as economic headwinds pressured the global oil demand outlook and outweighed geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend. Brent crude fell 41 cents, or 0.5%, to $78.15 a barrel by 0105 GMT...

Oil Extends Losses After Dollar Strengthens on Interest Rate Outlook

Oil prices fell on Monday, extending losses from the previous session after the dollar rose amid market concerns that higher-than-expected inflation could delay cuts to high U.S. interest rates that have been capping global fuel demand growth. Brent crude futures fell 35 cents, or 0.4%, to $81.27...

Oil Extends Gains to Near One-Month High as US Stockpiles Shrink

Oil advanced to trade near a one-month high after US crude inventories dropped by far more than expected and China announced plans for more stimulus. West Texas Intermediate climbed above $75 a barrel after hitting the highest since Dec. 26 in intraday trade on Wednesday,...

Oil Extends Gains to Near One-Month High as US Stockpiles Shrink

Oil rose to trade near a one-month high after US inventories fell far more than expected and China unveiled additional stimulus. West Texas Intermediate climbed above $75 a barrel after hitting the highest since Dec. 26 in intraday trade on Wednesday, while Brent topped $80....

Oil Extends Gains on Higher Gasoline Demand, Tighter Supply

Oil prices continued to climb on Tuesday with investors expecting a tighter market led by a seasonal rise in gasoline demand and supply cuts from OPEC+ producers, though concerns over the risk of a U.S. debt default capped gains. Brent crude futures rose 28 cents, or 0.37%, to $76.27 a barrel by...

Oil Extends Gains as Red Sea Shipping Risks Plague Global Trade

Oil rose a third day as traders and shippers braced for the prospect of more disruption in the Red Sea. The West Texas Intermediate contract for February inched higher to trade above $74 a barrel, after rising about 3% in the previous two sessions. Brent approached $80 a...

Oil Extends Gains as Optimism on Powell’s Remarks Spur a Rally

Oil extended gains in Asia after jumping the most in three months on optimism the Federal Reserve will maintain its path on interest-rate hikes without shifting to a more hawkish policy. West Texas Intermediate climbed toward $78 a barrel after closing 4.1% higher in the previous session....

Oil Extends Gains as China Reopening Vies With Slowdown Concerns

Oil extended gains as investors weighed the outlook for energy demand after China abandoned its strict Covid Zero policy, while concerns over an economic slowdown continue to hang over the market. West Texas Intermediate futures climbed toward $76 a barrel after closing 1.2% higher on...

Oil Extends Gains as China Reopening Vies With Slowdown Concerns

Oil extended gains as investors weighed the outlook for energy demand after China abandoned its strict Covid Zero policy, while concerns over an economic slowdown continue to hang over the market. West Texas Intermediate futures climbed toward $76 a barrel after closing 1.2% higher on...

Oil Extends Gains Amid Fewer Recession, Banking Contagion Headlines

Crude futures extended their gains, rising almost 3% in Monday’s session which added to Friday’s 4% rally, as fewer headlines on the specter of a U.S. recession spurred greater technical recovery and risk-taking in oil markets battered over the past three weeks by worries over the economy and a...

Oil Extends Gains After Middle East Tensions Push Brent Over $90

Oil rose for a fourth day on escalating tensions in the Middle East after blowing past the $90-a-barrel threshold in the previous session. Global benchmark Brent climbed above $91 to near the highest level since October, while West Texas Intermediate was close to $87. Israel has...

Oil Extends Gain on China Demand Optimism as Market Tightens

Oil advanced for a third session as investors weighed the outlook for Chinese demand as the market tightens heading into winter. West Texas Intermediate futures rose toward $90 a barrel after surging almost 3% on Friday. China issued a rescue package for its struggling property...

Oil Extends Gain on China Demand Optimism as Market Tightens

Oil edged higher for a third session as investors weighed the outlook for Chinese demand as the market tightens heading into winter. West Texas Intermediate futures traded near $89 a barrel on Monday. China issued a rescue package for its struggling property market and has eased...

Oil Extends Gain as Saudi Arabia Bets on Demand Rebound in Asia

Oil rose for a second session after Saudi Arabia unexpectedly raised its crude prices to Asia, signaling confidence in the demand outlook. West Texas Intermediate futures edged toward $75 a barrel after closing 1% higher on Monday. Saudi Aramco increased most of its prices for...

Oil Extends Gain After Poland Struck by Russian-Made Missile

Oil extended gains after Poland was struck by a Russian-made missile, raising concerns about an escalation of the war in Ukraine. West Texas Intermediate futures climbed above $87 a barrel after closing 1.2% higher on Tuesday. Poland may invoke the North Atlantic Treaty...

Oil Extends Drop on Demand Concerns as Geopolitical Risks Ease

Oil extended losses as investors shifted their focus back to concerns over the demand outlook after geopolitical tensions eased. West Texas Intermediate fell toward $85 a barrel after closing 1.5% lower on Wednesday. China is grappling with rising Covid cases, while JPMorgan Chase...

Oil Extends Drop as US Slowdown Concerns Eclipse Stockpile Draw

Oil retreated for the third time in four days as further signs of a US slowdown overshadowed a substantial draw in crude stockpiles. Global benchmark Brent dropped below $83 a barrel after closing 2% lower on Wednesday. The US economy stalled in recent weeks, the Federal Reserve...

Oil Extends Drop as Surge in US Crude Inventories Clouds Outlook

Oil fell for a second day after data showed US crude inventories rose by the most since November, keeping benchmarks in this year’s narrow range. Brent crude declined toward $81 a barrel after dropping 1.4% on Wednesday, while West Texas Intermediate approached $76. Nationwide...

Oil Extends Downtrend as China Economy Stumbles in May

Oil extended declines on Thursday after the previous day's plunge, as China's industrial output and retail sales growth in May missed forecasts, reinforcing concerns about a weak economic recovery in the world's top oil importer. Brent crude futures dipped 21 cents, or 0.3%, to $72.99 a barrel by...

Oil Extends Decline as Fed Watchers Wait for US Inflation Data

Oil extended losses ahead of key inflation data as the biggest US bank collapse since 2008 continued to ripple through financial markets. West Texas Intermediate traded below $75 a barrel after closing 2.5% lower on Monday following a volatile session. Investors will be watching the...

Oil Extends Decline as Build-Up in US Inventories Spurs Caution

Oil fell, paring a modest monthly gain, after US crude inventories expanded and as traders prepared to parse US data that’ll help frame expectations for monetary policy. West Texas Intermediate dropped toward $78 a barrel following a 0.4% decline in the prior session, when Brent closed below...

Oil Extends Biggest Gain in Year as Shock OPEC+ Cut Reverberates

Oil built on the largest gain in a year after OPEC+ delivered an unexpected and substantial production cut that will tighten the global market. West Texas Intermediate advanced toward $81 a barrel after rallying by more than 6% on Monday. The surprise reduction in supply by the...

Oil Erases Most of War Premium as Supply Impact Remains Limited

Oil was little changed after erasing most of the surge following Hamas’ attacks on Israel over the weekend.  West Texas Intermediate traded near $83 after dropping on Wednesday following a New York Times report that US intelligence shows Iran was surprised by Hamas’s...

Oil Erases Gain Since Hamas Attack as Concerns of Wider War Ebb

Oil fell for a third day — at one stage erasing all of the surge on Monday that followed Hamas’ attack on Israel — as fears the conflict would spread eased and US industry data pointed to a jump in inventories. West Texas Intermediate retreated below $83 a barrel after slumping...

Oil Erases Drop as Traders Weigh Up Latest Gambit From OPEC+

Oil steadied after rallying more than 2% Tuesday on Saudi Arabian and Russian production cuts. Global benchmark Brent erased an earlier drop to trade above $76 a barrel. The two OPEC+ linchpins announced their latest batch of curbs on Monday, with a supply-cut extension by Riyadh...

Oil Erases Drop as Saudi Arabia and Russia Reaffirm Cooperation

Oil erased a drop after OPEC+ leaders Saudi Arabia and Russia reaffirmed their close cooperation in the crude market with a public show of unity, and traders monitored events in Israel and Gaza. West Texas Intermediate edged toward $84 a barrel after earlier having shed all of the gains...

Oil Ends Lower for The Session, with U.S. Prices Up Nearly 5% for The Week

Oil futures declined on Friday, with U.S. prices holding on to a weekly rise of 4.6%. “Global central banks keep suggesting that they are going to win the war against inflation at any cost,” said Phil Flynn, senior market analyst at The Price Futures Group. “One of the casualties the market fears...

Oil Ends at Nearly Five-Month High as Drone Attacks Crimp Russia's Output

Oil futures climbed on Monday, with U.S. and global benchmark prices settling at their highest since late October, as continued attacks by Ukraine on Russian energy facilities were estimated to have idled a significant chunk of Russia's refining capacity. West Texas Intermediate crude for April...

Oil Edges Up on Supply Cuts, Demand Hopes

Oil prices edged higher on Tuesday supported by supply cuts by the world’s biggest oil exporters and continued hopes for higher demand in the developing world in the second half of 2023. Brent crude futures were up 39 cents, or 0.5%, to $78.08 a barrel, and U.S. West Texas Intermediate crude was...

Oil Edges Up on Expectations of Further OPEC+ Supply Cuts

Oil futures edged higher on Monday, extending gains on the prospect of OPEC+ deepening supply cuts to shore up prices that have fallen for four weeks on demand concerns and Middle East supply disruption owing to the Israel-Hamas conflict. Brent crude futures rose 34 cents to $80.95 a barrel by...

Oil Edges Up After OPEC+ Extends Output Cuts Through Second Quarter

Oil prices ticked up slightly on Monday following the widely expected extension of voluntary output cuts by the OPEC+ producer group on Sunday. Brent futures climbed 14 cents to $83.69 a barrel at 0729 GMT after rising 2.4% last week. U.S. West Texas Intermediate (WTI) inched up 3 cents to $80 a...

Oil Edges Lower on Outlook for Higher US Inventories and Rates

Oil edged lower as a US industry estimate pointed to another sizable increase in nationwide crude inventories and investors remained concerned about the prospect of further monetary policy tightening. West Texas Intermediate fell below $77 a barrel after capping a fourth monthly drop in...

Oil Edges Lower Despite Middle East Conflict

Oil prices weakened slightly on Monday as the Middle East conflict's limited impact on crude output prompted profit taking after oil benchmarks gained 2% last week. Brent crude futures settled down 14 cents, or about 0.2%, at $78.15 a barrel. There was no settlement for U.S. West Texas...

Oil Edges Lower as Traders Weigh China Outlook in Sparse Trading

Oil edged lower, with many Asia-based traders offline for holidays to mark the Lunar New Year, as investors assessed the outlook for demand following China’s reopening and risks to Russian output in 2023. West Texas Intermediate eased toward $81 a barrel following two weekly gains that...

Oil Edges Lower as Slowdown Concerns Eat Into OPEC-Driven Gains

Oil fell for a second day on concern that a global slowdown will sap demand, eroding gains made after OPEC+ last week announced an output cut. West Texas Intermediate eased below $91 a barrel after losing 1.6% on Monday. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said...

Oil Edges Lower as Missile Strike on Poland Sparks Volatility

Oil slipped as investors weighed a potential escalation of the war in Ukraine after Poland was struck by a Russian-made missile. West Texas Intermediate futures dropped toward $86 a barrel after closing 1.2% higher on Tuesday following news of the strike. NATO ambassadors will hold an...

Oil Edges Lower as Libya Restarts Production From Largest Field

Oil edged lower as OPEC member Libya restarted production from its largest field, bolstering global supplies and outweighing concerns about tensions in the Red Sea that look set to continue disrupting shipping. Global benchmark Brent dropped toward $78 a barrel, after a week of range-bound...

Oil Edges Lower as Industry Report Points to Surge in Stockpiles

Oil edged lower from the highest close in two weeks after a US industry report flagged a substantial build in US crude stockpiles, while OPEC and the IEA offered contrasting outlooks for the global market. Brent crude fell toward $82 a barrel after rising almost 1% on Tuesday. West Texas...

Oil Edges Lower as China Covid Cases Swell, Dollar Strengthens

Oil fell as investors weighed China’s renewed commitment to strict anti-Covid policies, and the dollar rose before US midterm elections. West Texas Intermediate futures dropped toward $91 a barrel, after easing almost 1% in the week’s opening session as China reaffirmed its commitment...

Oil Edges Lower After Its Biggest Weekly Gain Since Early April

Oil dipped, eroding its biggest weekly gain since early April, as investors juggled signs of tightening supply and persistent macro-economic concerns. Brent futures traded near $78 a barrel having closed 4.8% higher last week following a pledge by Saudi Arabia and Russia to reduce supply....

Oil Edges Higher With Weaker Dollar and Supply Halts in Focus

Oil rose for the fourth time in five sessions as easing US inflation weakened the dollar and traders assessed interruptions to supplies. West Texas Intermediate advanced toward $73 a barrel, after losing 1.6% on Wednesday. US inflation showed signs of moderating in April, giving the...

Oil Edges Higher With Weaker Dollar and Supply Halts in Focus

Oil advanced for the fourth session in five as easing US inflation weakened the dollar and traders assessed interruptions to supplies. West Texas Intermediate rose above $73 a barrel, after losing 1.6% on Wednesday. US inflation showed signs of moderating in April, giving the Federal...

Oil Edges Higher With Price-Cap Plan and China Demand in Focus

Oil edged higher as traders waited for more details on a plan to cap Russian crude prices and weighed the demand outlook in virus-hit China. West Texas Intermediate traded above $81 a barrel, after rising more than 1% the previous session as equities and other commodities also climbed....

Oil Edges Higher With Focus on Israel-Hamas War, Shaky Demand

Oil advanced after slumping in the first two days of the week, as a still-contained Israel-Hamas war caused attention to shift to global demand. Global benchmark Brent traded above $85 a barrel, near where it was prior to the Oct. 7 Hamas attack on Israel, while West Texas Intermediate was...

Oil Edges Higher on Signs US Inventories Are Still Shrinking

Oil edged higher — after rising about 2% on Tuesday — on signs US stockpiles are continuing to drop, and as an official forecast pointed to a narrow global deficit this year. Brent crude traded near $78 a barrel, while West Texas Intermediate was above $72. The American Petroleum Institute...

Oil Edges Higher on Signs China’s Economic Recovery on Track

Oil edged higher as data showed China’s economic recovery was on track following the end of Covid Zero, boosting the demand outlook.  West Texas Intermediate climbed above $81 a barrel after closing 2% lower on Monday, the biggest daily drop in four weeks. China’s economy...

Oil Edges Higher on Outlook for Chinese Demand and Weaker Dollar

Oil edged higher as investors bet on stronger Chinese demand and as a weaker dollar made commodities more attractive for many buyers. West Texas Intermediate rose toward $81 a barrel after ending little changed on Wednesday as US earnings rolled in. The number of virus-related deaths...

Oil Edges Higher as Traders Track Talks to Head Off US Default

Oil rose after US House Speaker Kevin McCarthy said he and President Joe Biden had a productive talk to solve the debt-limit impasse, although a deal to avert a potentially catastrophic default has yet to be struck. West Texas Intermediate for July rose above $72 a barrel after that...

Oil Edges Higher as Tightening Market Vies With Slowdown Fears

Oil edged higher as investors weighed signs of a tight market against lingering concerns over a global economic slowdown. West Texas Intermediate traded near $85 a barrel in early Asian trading on Monday. Time spreads are signaling a tightening market ahead of significant...

Oil Edges Higher as Tightening Market Outweighs Risk-Off Tone

Oil edged higher as a rapidly tightening market outweighed strength in the dollar and a risk-off tone in broader financial markets driven by the likelihood interest rates will stay higher for longer.  West Texas Intermediate rose toward $91 a barrel after closing up 0.8% on...

Oil Edges Higher as Slowdown Concerns Vie With China Optimism

Oil was set to end the week little changed as concerns of an economic slowdown were tempered by optimism over Chinese demand. West Texas Intermediate futures traded near $81 a barrel after closing 1.1% higher on Thursday. US economic growth beat expectations in the last quarter of 2022, but...

Oil Edges Higher as Market Tightness Outweighs Slowdown Concerns

Oil edged higher on concern about near-term supply tightness, and as a raft of positive US earnings supported appetite for risk.  West Texas Intermediate rose toward $85 a barrel in early Asian trading after dropping in the prior two sessions. The Organization of Petroleum...

Oil Edges Higher as Bulls Attempt to Salvage Monthly Gain

Oil futures edged higher early Thursday, with bulls looking to salvage a monthly gain for crude as signs of tight supplies provided support. West Texas Intermediate crude for October delivery was up 42 cents, or 0.5%, at $82.07 a barrel on the New York Mercantile Exchange. Front-month WTI futures...

Oil Edges Higher After Two-Day Slump as Demand Outlook Sours

Oil edged higher after tumbling around 9% over two sessions on concerns over the demand outlook in the US and China. West Texas Intermediate rose above $73 a barrel in early trading after capping its biggest two-day decline since March. The Federal Reserve affirmed its resolve to...

Oil Edges Higher After Saudi Arabia and Russia Curb Supplies

Oil rose modestly as traders assessed the latest salvo from OPEC+ kingpins Saudi Arabia and Russia to prop up prices by curbing supply. West Texas Intermediate edged above $70 a barrel, clawing back some of the 1.2% loss in the previous session even as the cuts were announced. Saudi...

Oil Edges Higher After Choppy Session Sparked by Russian Turmoil

Oil edged higher on Tuesday after a choppy session following a short-lived armed uprising in Russia, a major OPEC+ producer. West Texas Intermediate futures climbed toward $70 a barrel after closing 0.3% higher on Monday. While the dramatic events in Russia over the weekend came to...

Oil Eases in Rangebound Market as Fed and China Demand Face Off

Oil edged lower as investors weighed the prospect for further US monetary tightening against signs of improving demand from China following the end of Covid Zero. Brent futures retreated below $84 a barrel after closing 1.3% higher on Monday. Prices have bounced within a relatively tight...

Oil Eases as Fed Caution Outweighs Talk of OPEC+ Cut Extensions

Oil prices slipped in early Asian trade on Wednesday as the prospect of a delayed U.S. rate cutting cycle offset the boost provided by talk of extensions to production cuts from OPEC+. Brent crude futures fell 38 cents, or 0.45%, to $83.27 a barrel by 0110 GMT, while U.S. West Texas Intermediate...

Oil Eases as China Unrest Sends Ripples Through World Markets

Oil fell as unrest in China hurt appetite for risk and the outlook for demand, adding to stresses in an already-fragile global market. West Texas Intermediate declined toward $76 a barrel following three weeks of declines. The dollar rose, with investors seeking havens, as...

Oil Drops for Fourth Day With Venezuela Aiding Supply Outlook

Oil fell for a fourth day as an improving supply outlook hit a market grappling with sluggish demand in the biggest importers.  West Texas Intermediate traded near $79 a barrel after closing down 1.8% on Wednesday. The Biden administration is in talks with Venezuela to...

Oil Drops for Fourth Day With Venezuela Aiding Supply Outlook

Oil fell for a fourth day as an improving supply outlook hit a market grappling with sluggish demand in the biggest importers. West Texas Intermediate futures traded below $79 a barrel after dropping 1.8% on Wednesday. The Biden administration is in talks with Venezuela to...

Oil Drops as Sticky US Inflation Heightens Demand Concerns

Oil prices fell as investor attention returned to the demand outlook after reports of higher producer prices in the U.S., the world's biggest oil user, stoked worries that sticky inflation and higher interest rates would limit fuel consumption growth. Brent crude futures were down 55 cents, or...

Oil Drops as Saudi Pricing Cuts Counter Middle East Supply Risks

Oil dropped after Saudi Arabia cut official selling prices for all regions, underscoring a worsening outlook and outweighing concern over Red Sea tensions and supply disruptions in Libya. Global benchmark Brent fell toward $78 a barrel after rising by 2.2% last week, with West...

Oil Drops as Product Prices, Chinese Data Highlight Weak Demand

Oil prices slid as concerns over short-term demand, including weaker-than-expected Chinese manufacturing data, outweighed expectations for tight supply later in the year. West Texas Intermediate fell 0.5% toward $75 a barrel after a 1.5% drop on Monday. China’s export-tilted...

Oil Drops as Global Supplies Counter Mounting Mideast Tensions

Oil retreated as ample global crude supplies offset mounting Mideast tensions after the US and UK launched more air strikes against Houthi rebels in Yemen. Global benchmark Brent dropped below $80 a barrel after rallying almost 2% on Monday, while West Texas...

Oil Drops as China’s Struggle With Covid Blights Demand Outlook

Oil extended declines after the biggest weekly drop since August as China tightened anti-Covid curbs, hurting the outlook for demand. Global benchmark Brent fell below $87 a barrel after retreating by almost 9% last week. The country saw its first Covid-related death in almost six months on...

Oil Drops After Israel’s Gaza Ground Offensive Starts Cautiously

Oil fell after Israel committed forces to Gaza with a more cautious approach than initially vowed, bolstering speculation the fighting may remain contained despite rhetoric from Iran. Global benchmark Brent dropped below $90 a barrel, after rising by almost 3% on Friday as Israel...

Oil Drops After Israel’s Gaza Ground Offensive Starts Cautiously

Oil fell after Israel committed military forces to Gaza with a more cautious approach than it initially vowed, bolstering speculation that the fighting may remain contained despite rhetoric from Iran. Global benchmark Brent dropped toward $89 a barrel, after rising almost 3% on...

Oil Drops a Second Day on Concerns Over China and Stockpiles

Oil fell for a second day along with other commodities amid concerns over demand in China and expectations of rising stockpiles in the US.  West Texas Intermediate futures slipped as much as 1.2% to trade just above $70 a barrel in New York. Some banks cut forecasts for...

Oil Drives Toward Weekly Gain as China Eases Curbs Before OPEC+

Oil headed for its biggest weekly gain in almost two months as China softened virus controls, Washington mulled a pause in sales from strategic reserves, and a weaker dollar boosted the allure of commodities.  West Texas Intermediate held above $81 a barrel after a run of four...

Oil Drifts Lower Ahead of China Economic Data

Oil futures drifted lower early Monday as investors awaited economic data from China for clues to crude demand. West Texas Intermediate crude for May delivery fell 32 cents, or 0.4%, to $82.20 a barrel on the New York Mercantile Exchange. June Brent crude, the global benchmark, was off 31 cents,...

Oil Dragged Lower as OPEC+ Discord Forces Delay to Key Meeting

Oil fell as discord within OPEC+ forced the group to delay an upcoming meeting, quelling speculation of further production cuts by the Saudi-led alliance just as US data showed a hefty rise in stockpiles. Global benchmark Brent dropped near $81 a barrel after a volatile session on Wednesday...

Oil Down Over 1% on U.S. Crude Build; Govt. Mum on Reserves Refill

Oil prices were down more than 1% on Wednesday after data showed a surprise weekly build in U.S. crude stockpiles and as the government remained mum about refilling the national reserve contrary to media reports a day ago that a decision had been reached. New York-traded West Texas Intermediate,...

Oil Down on China Outlook, Spotlight on Powell Testimony

Oil prices slipped on Monday after China set a lower-than-expected target for economic growth this year at around 5%, and as investors cautiously awaited U.S. Federal Reserve Chair Jerome Powell's testimony this week. Brent crude futures were trading down 53 cents, or 0.6%, at $85.30 a barrel at...

Oil Down Nearly $1 on Bearish U.S. Data, Crude Stocks Build

Oil futures fell by nearly $1 on Thursday, extending losses from the previous day, as a surprise jump in U.S. crude stocks weighed on the market along with fears of a recession that were heightened by disappointing U.S. retail sales and output data. Brent crude futures were last down 84 cents, or...

Oil Down as Economic Headwinds Weigh on Demand Outlook

Oil prices lost more ground on Monday as economic headwinds pressured the global oil demand outlook and offset geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend. Brent crude fell 23 cents, or 0.3%, to $78.33 a barrel by 0732 GMT after...

Oil Down Almost 4%, Surrendering War Premium Amid Fed Focus

Crude prices tumbled almost 4% on Monday as the market looked beyond the war in the Middle East to focus on what the Federal Reserve might do or say at its interest rate decision on Wednesday. Concerns over how U.S. jobs numbers for October will turn out on Friday also kept oil traders on the...

Oil Dips With Growth Concerns Weighing on Rangebound Market

Oil fell as traders continue to weigh the prospects for commodities demand as global growth slows against near-term supply tightness in the crude market. West Texas Intermediate slid below $84 a barrel. Since late September prices have been bouncing in a range of about $17 as traders...

Oil Dips Further as Hawkish Powell Spurs Flight From Risk Assets

Oil held a hefty loss after Federal Reserve Chair Jerome Powell signaled interest rates could rise higher and faster than previously anticipated, raising concerns about the economy and energy demand. West Texas Intermediate futures edged lower near $77 a barrel after posting the...

Oil Dips as Trading in Narrow Band Persists Despite China Uptick

Oil pared an earlier gain and remained within a recent narrow range as investors assessed more evidence of higher energy demand in China and a large build in US crude stockpiles.  West Texas Intermediate turned lower after earlier adding 1.2%. Passenger loads at China’s...

Oil dips as Dollar Firms While More Rate Hikes Loom

Oil prices dipped in Asian trade on Thursday as the dollar firmed, while the possibility of further interest rate hikes from global central banks also heightened demand concerns. Brent crude futures fell 64 cents, or 0.8%, to $82.06 per barrel by 0730 GMT, while U.S. crude futures slid 73 cents,...

Oil Dips Ahead of Fed Rate Decision After Two-Day Relief Rally

Oil dipped ahead of an interest-rate decision from the Federal Reserve following a two-day rally, as reassurances that authorities will work to contain the banking crisis brought some investors back to risk assets. West Texas Intermediate futures edged toward $69 a barrel after rising almost...

Oil Dips Ahead of Fed Rate Decision After Two-Day Relief Rally

Oil dipped ahead of an interest-rate decision from the Federal Reserve following a two-day rally that was driven by an easing of concern over banking crises in the US and Europe.  West Texas Intermediate futures traded near $69 a barrel after rising almost 4% over the previous two...

Oil Dips After Three-Month High on China Hopes, Tighter Supply

Oil dipped after climbing to a three-month high as China signaled further measures to bolster economic growth and global crude markets continued to tighten.  Brent crude futures fell but held above $82 a barrel in London on Tuesday, having gained 4% in the previous three sessions. Top...

Oil Dips After Sustained Rally Bolstered by Supply Cuts

Oil prices edged lower following a protracted rally, helped by top producers Saudi Arabia and Russia pledging to extend supply cuts through September, further tightening supplies. Both key benchmarks notching up their sixth consecutive weekly gains last week. On Monday, Brent crude futures...

Oil Declines With US Stockpiles and OPEC+ Supply Policy In Focus

Oil fell after a two-day gain as signs of higher US inventories vied with expectations that OPEC+ will extend supply cuts. Global benchmark Brent crude dropped toward $83 a barrel after advancing by 2.5% over the week’s first two sessions amid strength in physical markets. West Texas...

Oil Declines With US Stockpiles and OPEC+ Supply Policy In Focus

Oil fell after a two-day gain as signs of higher US inventories outweighed expectations that OPEC+ will extend supply cuts. Global benchmark Brent crude dropped toward $83 a barrel after advancing by 2.5% over the week’s first two sessions amid strength in physical markets. West Texas...

Oil Declines With US Stockpiles and OPEC Supply Policy In Focus

Oil fell after a two-day gain as signs of higher US inventories vied with expectations that OPEC+ will extend supply cuts. West Texas Intermediate slipped toward $78 a barrel, after advancing more than 3% over the week’s first two sessions amid strength in physical markets. The...

Oil Declines on Weak China Demand Outlook, Higher Stockpiles

Oil fell amid a challenging Chinese demand outlook and after an industry report pointed to rising US inventories. West Texas Intermediate lost as much as 2% and traded near $88 a barrel. Swelling virus outbreaks in China show the strain its Covid Zero strategy is facing, with cases...

Oil Declines on US Requirement to Sell More Crude From the SPR

Oil fell on a US requirement to sell more crude from reserves, offsetting a lift from Russian output cuts and rising Chinese demand. West Texas Intermediate dropped toward $79 a barrel after a volatile session Monday. The US is looking to sell 26 million barrels from the Strategic...

Oil Declines on Dollar Strength With War Premium Still Intact

Oil fell as the dollar rallied, but was still holding onto almost half of the previous day’s surge driven by Israel confirming it was preparing for a ground invasion of Gaza. Global benchmark Brent fell below $90 a barrel after climbing 2.3% Wednesday. Israel’s Prime Minister Benjamin...

Oil Declines for Third Day With Slowdown Concerns to the Fore

Oil dropped for a third day on escalating concerns that a global slowdown will hurt energy demand amid a broad shift away from risk assets. West Texas Intermediate fell below $89 a barrel after losing more than 3% over the previous two sessions. The losses have come as Federal Reserve...

Oil Declines for Third Day as Stronger US Dollar Casts a Pall

Oil fell for a third day, with traders assessing the outlook for global interest rates and the US dollar. Brent crude dropped toward $85 a barrel after losing almost 2% over the previous two days, while West Texas Intermediate was below $81. A gauge of the US currency is on course for its...

Oil Declines for Third Day as Recession Concerns Rattle Markets

Oil dropped for a third day on escalating concerns about a global slowdown, with US President Joe Biden saying a recession was possible. West Texas Intermediate fell below $89 a barrel after losing more than 3% over the past two sessions. Biden’s comments to CNN, in which he downplayed...

Oil Declines for Fourth Day on OPEC+ Intrigue and Risk-Off Tone

Oil fell for a fourth day as traders looked ahead to this week’s delayed OPEC+ meeting and wider financial markets carried a risk-off tone. Global benchmark Brent dropped toward $80 a barrel after retreating by 2.3% over the last three sessions, while West Texas Intermediate was...

Oil Declines for a Fourth Day as Traders Look to OPEC+ Meeting

Oil fell for a fourth day as traders looked ahead to this week’s delayed OPEC+ meeting and wider financial markets carried a risk-off tone. Global benchmark Brent dipped near $80 a barrel after falling in each of the last five weeks, the longest such run since the end of 2021....

Oil Creeps Higher as Geopolitics Outweigh Demand Concerns

Oil prices edged higher on Monday as traders weighed the impact of wars in the Middle East and Ukraine on oil supply against economic headwinds pressuring global oil demand. Brent crude rose 22 cents to $78.78 a barrel by 1141 GMT. The front-month U.S. West Texas Intermediate crude futures...

Oil Cools After 3-Day Rally Amid Fed Uncertainty, U.S. Inventory Build

Oil prices were muted on Thursday as hawkish comments from Federal Reserve officials supported the dollar and brewed some concerns over more interest rate hikes, while U.S. crude inventories also logged a seventh straight week of builds. Hawkish overnight comments from Federal Reserve officials...

Oil Coasts to Sixth Weekly Gain After Saudis, Russia Extend Cuts

Oil headed for a sixth straight weekly gain, the longest winning streak in more than a year, after OPEC+ heavyweights Saudi Arabia and Russia extended production cuts into next month and US stockpiles sank by a record. West Texas Intermediate climbed toward $82 a barrel, taking gains...

Oil Coasts to Sixth Weekly Gain After Saudi, Russia Extend Cuts

Oil headed for a sixth straight weekly gain, the longest winning streak in more than a year, after OPEC+ heavyweights Saudi Arabia and Russia extended production cuts into next month and US stockpiles sank by a record. West Texas Intermediate climbed toward $82 a barrel, taking gains...

Oil Climbs Over 1% on Drop in Russia Exports, Red Sea Jitters

Oil prices rose over 1% in Asian trade on Monday, supported by lower exports from Russia and as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruption. Brent crude futures was last up 63 cents, or 0.8%, to $77.18 a barrel by 0730 GMT, while U.S. West Texas...

Oil Climbs on Expected Drop in Russian Exports, Offsets U.S. Storm Impact

Oil prices rose on Friday on expectations of lower Russian crude exports from the Baltic region in December, offsetting worries that a looming Arctic storm across the United States could snuff out transport fuel demand growth this holiday season. Brent crude rose 88 cents, or 1.1%, to $81.86 a...

Oil Climbs on Expectations of Tight Supply as Russia Sanctions Loom

Oil rose in early Asian trade on Monday as expectations of tighter supplies globally ahead of European Union sanctions on Russian oil underpinned prices. Brent crude futures climbed 54 cents, or 0.6%, to $94.04 a barrel by 0125 GMT while U.S. West Texas Intermediate crude was at $85.56 a barrel,...

Oil Climbs on Escalating Tensions in Middle East

Oil prices climbed on Monday after a drone attack on U.S. forces in Jordan added to worries over supply disruption in the Middle East as Houthi rebels stepped up their attacks on vessels in the Red Sea, hitting a Trafigura-operated fuel tanker. Risks of a widening conflict in the Middle East come...

Oil Climbs on Drop in Russia Exports, Red Sea Jitters

Oil prices rose in Asian trade on Monday, rising nearly 1% in early trade, supported by lower exports from Russia and as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruption. Brent crude futures climbed 32 cents, or 0.4%, to $76.87 a barrel by 0413 GMT, while...

Oil Climbs on Concerns Russia Political Issues May Impact Supply

Oil prices rose on Monday after a revolt by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world's largest producers. Brent and U.S. West Texas intermediate crude (WTI) futures were both up 0.4% on...

Oil Climbs as Red Sea Tension Persists, but Angola’s OPEC Exit Caps Gains

Oil prices rose in early trade on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola’s decision to leave OPEC raised questions over the group’s effectiveness in supporting prices. Brent crude futures were up 23 cents, or 0.3%, to...

Oil Climbs Again With OPEC+ Meeting and Fed Signals in Focus

Oil added to its biggest gain in a week as traders counted down to a high-stakes OPEC+ meeting on supply, and weighed signs that the Federal Reserve is done raising interest rates. Global benchmark Brent climbed above $82 a barrel, after rallying by more than 2% on Tuesday. Prices firmed on...

Oil Climbs Again With OPEC+ Meeting and Fed Signals in Focus

Oil added to its biggest gain in a week as traders counted down to a high-stakes OPEC+ meeting on supply, and weighed signs that the Federal Reserve is done raising interest rates. Global benchmark Brent climbed above $82 a barrel, after rallying by more than 2% on Tuesday. Prices firmed on...

Oil Climbs 3rd Day on Subdued Dollar, U.S. Crude Stocks’ Drop

Oil prices rose early on Wednesday, extending gains from the previous two days, as the dollar fell after Federal Reserve Chair Jerome Powell sounded less hawkish on interest rates than markets had expected and as U.S. crude stocks surprisingly fell. Brent crude futures inched up by 11 cents, or...

Oil Bounces, Turning Positive for Week as Traders Eye Cuts to Russian Output and Exports

Oil futures rose Friday, finding support as investors weighed the outlook for supply from Russia as production cuts kick in, while also gauging the outlook for Chinese demand. The U.S. benchmark was trading around 17% below the level seen just ahead of Russia’s invasion of Ukraine a year...

Oil Aims for 3-Day Winning Streak

Oil futures ticked higher early Thursday, attempting to build a three-day winning streak. West Texas Intermediate crude for December delivery rose 47 cents, or 0.5%, to $88.38 a barrel on the New York Mercantile Exchange. December Brent crude, the global benchmark, was up 47 cents, or 0.5%, at...

Oil Advances With Markets Buoyed By China Reopening Speculation

Oil gained as the dollar weakened and equities rallied as speculation mounted that policymakers are preparing to gradually exit the country’s Covid Zero policy. West Texas Intermediate futures climbed to trade above $88 a barrel after losing around 3% over the previous two...

Oil Advances With Broader Markets on Fed Interest-Rate Signal

Oil rose along with broader financial markets after the Federal Reserve hinted it might be done with raising interest rates, buoying a shaky demand outlook. West Texas Intermediate rose toward $81 a barrel after falling around 6% over the previous three sessions, while global benchmark Brent...

Oil Advances With Broader Markets on Fed Interest-Rate Signal

Oil rose along with broader financial markets after the Federal Reserve hinted it might be done with raising interest rates, buoying a shaky demand outlook. Global benchmark Brent for January rose past $85 a barrel after falling about 5% over the previous three sessions, while West...

Oil Advances on Outlook for Chinese Demand and Weaker Dollar

Oil edged higher as investors bet on stronger Chinese demand and as a weaker dollar made commodities more attractive for many buyers. West Texas Intermediate rose toward $81 a barrel after ending little changed on Wednesday as US earnings rolled in. The number of virus-related deaths...

Oil Advances on Kurdish Supply Dispute and US Inventory Data

Oil extended gains as Iraqi exports via Turkey remain disrupted amid a dispute with Kurdish authorities, while an industry report showed a decline in US stockpiles.  Brent crude traded above $79 a barrel, while West Texas Intermediate topped $74. Both benchmarks rose to their highest...

Oil Advances on China’s Growth Pledge and US Move to Refill SPR

Oil gained at the week’s open following a pledge from China to revive consumption as Covid Zero is abandoned and a plan from the Biden administration to begin refilling the nation’s strategic crude reserves. West Texas Intermediate rose toward $75 a barrel after losing almost 4% in the...

Oil Advances on China’s Growth Pledge and US Move to Refill SPR

Oil surged at the week’s open following a pledge from China to revive consumption as Covid Zero is abandoned and a plan from the Biden administration to begin refilling the nation’s strategic crude reserves. West Texas Intermediate rose above $75 a barrel after losing almost 4% in the...

Oil Advances on China’s Growth Pledge and US Move to Refill SPR

Oil rose at the week’s open following a pledge from China to revive consumption as Covid Zero is abandoned and a plan from the Biden administration to begin refilling the nation’s strategic crude reserves. West Texas Intermediate rose toward $75 a barrel after losing almost 4% in the...

Oil Advances for Third Day on Record US Exports, Weaker Dollar

Oil advanced for a third day after the US reported record exports of crude and fuel, bolstering the demand outlook, and as a softer dollar made commodities more attractive. West Texas Intermediate climbed toward $88 a barrel after gaining almost 4% over the prior two sessions. Total...

Oil Advances for Fourth Day After US Crude Stockpiles Decline

Oil rose as US inventories fell, the dollar eased and traders tracked the fallout from Group of Seven sanctions on Russian crude exports. West Texas Intermediate gained toward $79 a barrel after rallying more than 5% in the week’s first three sessions. The Energy Information...

Oil Advances at Start of Week on Demand Outlook, Suez Grounding

Oil rallied at the start of the week on optimism about China’s demand recovery, while investors weighed the potential impact to global energy trade after a ship ran aground in the Suez Canal. West Texas Intermediate futures climbed above $75 a barrel on Monday after ending last week 8%...

Oil Advances as US Seeks to Calm Markets After Banking Turmoil

Oil climbed at the start of the week as US regulators moved to assure depositors their money is safe following trouble in the banking sector, easing concerns about the turmoil rippling across markets. West Texas Intermediate rose for a second day toward $77 a barrel. Treasury Secretary Janet...

Oil Advances as Twin Middle East Strikes Raise Escalation Risks

Oil gained as twin incidents in the Middle East underlined the region’s rapidly escalating tensions, which have already snarled global shipping and carry the potential for interruptions to crude production. Brent crude rose above $78 a barrel, while West Texas Intermediate topped $73....

Oil Advances as Traders Look to China, OPEC for Fresh Triggers

Oil edged higher as investors weighed the extent of China’s demand recovery and the likelihood of OPEC+ keeping output unchanged. West Texas Intermediate rose toward $81 a barrel after declining by almost 2% on Tuesday as mixed earnings and weaker business activity spurred concerns...

Oil Advances Ahead of Promised US Response to Jordan Attack

Oil rose as the market weighed in risks from any US retaliation to a deadly attack in Jordan against signs of robust American supply. West Texas Intermediate advanced to trade above $76 a barrel after recording its biggest drop since early January in the previous session. Data showing...

Oil Advances After Russian Mutiny Rattles Major OPEC+ Producer

Oil climbed as investors weighed the fallout from a rebellion in Russia that turned into the greatest threat yet against Vladimir Putin’s almost quarter-century rule of the major OPEC+ producer. West Texas Intermediate futures gained to trade near $70 a barrel in Asia after losing almost 4%...

Oil Advances After China Eases Some Strict Covid Zero Measures

Oil jumped after China announced some easing of its strict Covid Zero measures, a move that could spark more local and international travel and lift commodity demand. China reduced the amount of time people entering the country must spend in quarantine and will scrap a system that...

Oil Advances After Canada-US Keystone Pipeline Briefly Halts

Oil gained after services were briefly suspended at the Keystone pipeline, a crucial conduit carrying Canadian crude to the US. Brent rose toward $84 a barrel after ending unchanged on Thursday. West Texas Intermediate climbed above $79. Operator TC Energy Corp. confirmed Keystone’s...

Naiknya Inflasi Meningkatkan Kekhawatiran Perlambatan, Minyak Melemah

Minyak merosot di bawah $96 per barel karena naiknya data inflasi AS meningkatkan prospek kenaikan suku bunga yang lebih agresif, sementara harga bensin yang tinggi mulai mengurangi konsumsi. West Texas Intermediate berjangka ditutup sedikit lebih tinggi pada hari Rabu setelah sesi bergejolak...

Minyak WTI Mencapai $70 untuk Pertama Kalinya Sejak 2018

Minyak di perdagangan New York mencapai $70 per barel untuk pertama kalinya sejak Oktober 2018 karena komentar optimis di pasar dari pedagang utama Vitol Group menambah optimisme atas pemulihan permintaan global. Kontrak telah naik sebanyak 0,6% setelah membukukan kenaikan mingguan kedua,...

Minyak Turun, Lonjakan Kasus COVID-19 Secara Global Membebani Permintaan

Harga minyak jatuh pada Senin pagi di perdagangan Asia, jatuh lebih dari 1% dan turun di bawah $70. Kekhawatiran tetap ada ditengah langkah-langkah pembatasan yang saat ini diterapkan untuk mengekang wabah COVID-19 terbaru akan terus mengurangi prospek permintaan bahan bakar. Minyak berjangka...

Minyak Turun, Di Tengah Tekanan agar AS Melepaskan Cadangan Minyak Strategisnya

Minyak turun pada Senin (15/11) pagi di Asia, dengan Presiden AS Joe Biden menghadapi tekanan yang meningkat untuk melepaskan pasokan dari Strategic Petroleum Reserve (SPR) di tengah melonjaknya harga bensin. Minyak berjangka Brent turun 0,89% menjadi $81,44 pada 22:28 ET (3:28 GMT) dan WTI...

Minyak Turun, Berkontribusi Terhadap Kerugian Mingguan pasca Data China yang Lemah

Minyak berjangka berakhir lebih rendah pada hari Jumat, menghapus kenaikan sebelumnya untuk membangun kerugian di minggu ini, karena data menunjukkan pertumbuhan ekonomi Tiongkok yang lebih lambat memicu kekhawatiran tentang permintaan minyak yang lebih lemah dan sebuah laporan baru-baru ini...

Minyak Turun, AS dan Iran Lanjutkan Pembicaraan Kesepakatan Nuklir

Minyak turun pada perdagangan Selasa pagi (8/2) di Asia. Cairan hitam telah merosot menjelang dimulainya kembali pembicaraan AS-Iran yang dapat menghidupkan kembali kesepakatan nuklir dan juga menghapus sanksi terhadap penjualan minyak Iran. Minyak berjangka Brent turun 0,35% menjadi $92,37 pada...

Minyak Turun untuk Sesi Kedua Dengan Fokus Tertuju pada Stimulus Fed

Minyak turun pada perdagangan Senin (20/9) karena dolar menguat dan investor mengalihkan perhatian mereka ke pertemuan Federal Reserve minggu ini yang diperkirakan akan memberi sinyal untuk mengurangi stimulus. Kontrak berjangka di New York turun 0,8% menuju $71 per barel di tengah penurunan yang...

Minyak Turun untuk 2 Sesi Beruntun Terkait Kekhawatiran Perdagangan, Kekhawatiran Resesi

Minyak berjangka berakhir lebih rendah pada hari Kamis untuk sesi kedua berturut-turut, karena ketegangan perdagangan AS-Cina terus menambah kekhawatiran tentang perlambatan ekonomi global yang dapat membebani permintaan. Harga untuk gas alam, sementara itu berakhir dengan kenaikan tajam - pada...

Minyak Turun Tipis; Mengawasi Data Di Tengah Harapan Kesepakatan Dagang

Harga minyak melemah pada hari Senin karena para pedagang tetap berhati-hati menjelang data ekonomi Eropa dan AS yang baru, meskipun ada harapan untuk beberapa resolusi terhadap perselisihan perdagangan AS-China yang telah merusak pertumbuhan ekonomi global dan permintaan energi yang...

Minyak Turun Tipis Pasca Penurunan dalam Persediaan AS

Minyak mempertahankan kenaikan setelah penurunan persediaan AS meredakan kekhawatiran permintaan dan mengalihkan perhatian dari perang perdagangan yang semakin dalam. Minyak berjangka di New York naik tipis setelah rally 4% selama dua sesi sebelumnya. Stok AS turun 10 juta barel pekan lalu ke...

Minyak Turun Tipis Pasca Kenaikan Terkait Turunnya Stok Minyak Mentah AS

Minyak turun tipis di Asia setelah melonjak hampir 5% pada hari Rabu karena penurunan data stok AS ditambahkan untuk menandai kembalinya prospek permintaan yang membaik. Kontrak di New York diperdagangkan mendekati $ 63 per barel setelah ditutup lebih tinggi untuk hari ketiga, kenaikan terpanjang...

Minyak Turun Terseret Aksi Jual Pasar, Tapi Menuju Kenaikan Bulanan Keempat

Minyak menuju kenaikan bulanan keempat ditengah pengetatan pasar global karena investor menunggu pertemuan OPEC+ minggu depan, mengamati setiap perubahan strategi pada produksi menyusul lonjakan harga. Sementara minyak tersapu dalam aksi jual pasar yang lebih luas pada hari Jumat (26/2), kontrak...

Minyak Turun Terkait Pertentangan OPEC + dan Data Permintaan AS Menyebabkan Keraguan

Minyak turun dari level tertingginya tiga bulan karena persatuan OPEC + terancam oleh perseteruan yang sudah berjalan lama tentang kepatuhan terhadap pengurangan produksi, sementara data AS meragukan kekuatan pemulihan permintaan. Minyak berjangka di New York turun sekitar 1% mendekati $ 37 per...

Minyak Turun Terkait Pasokan yang Berlebih Memberikan Dampak pada Sentimen Investor

Minyak turun pada Senin pagi di Asia dan menyerahkan kenaikan dari sesi sebelumnya. Minyak berjangka Brent turun 2,18% menjadi $ 24,27 pada jam 21:45 ET (02:45 GMT) dan minyak berjangka WTI turun 7,32% menjadi $ 15,70. Baik minyak berjangka Brent dan WTI naik selama sesi sebelumnya karena Baker...

Minyak Turun Terkait Laporan Stok AS yang Menimbulkan Ketakutan akan Kelebihan Pasokan

Minyak kembali menurun karena laporan industri mensinyalir adanya lonjakan kejutan dalam persediaan minyak mentah AS dimana hal tersebut memicu kekhawatiran pasokan berlebih pada saat perang perdagangan membahayakan prospek permintaan global. Minyak berjangka di New York turun sebanyak 1,2%...

Minyak Turun Terkait Ketidakpastian Pemilu AS Mendominasi Pasar

Harga minyak turun pada hari Kamis ketika kadidat dari partai Demokrat Joe Biden mendekati kemenangan dalam pemilihan presiden AS yang menegangkan, meskipun keraguan tetap ada atas stimulus besar lebih lanjut untuk meningkatkan ekonomi dalam menghadapi krisis virus corona. Minyak mentah Brent...

Minyak Turun Terkait Ketidakpastian Komitmen Produsen Terhadap Pemangkasan Produksi

Harga minyak sedikit melemah pada hari Jumat karena pasar menunggu untuk melihat apakah produsen besar akan berkomitmen untuk memperpanjang rekor pengurangan produksi untuk mendukung harga minyak. Minyak mentah berjangka Brent turun 8 sen, atau 0,2%, pada $ 39,91 per barel pada 0106 GMT dan...

Minyak Turun Terkait Keraguan Kesepakatan Perdagangan AS-Tiongkok & Naiknya Persediaan AS

Minyak mentah berjangka AS jatuh pada hari Jumat di tengah memudarnya harapan bahwa kesepakatan untuk mengakhiri perang perdagangan yang tersisa antara Washington dan Beijing akan ditandatangani dalam waktu dekat, pelemahan diperparah oleh meningkatnya persediaan minyak mentah di Amerika...

Minyak Turun Terkait Kekhawatiran Permintaan yang Lebih Lambat Membebani Sentimen

Harga minyak bervariasi pada hari Selasa (7/9)  karena pemotongan tajam harga kontrak minyak mentah Arab Saudi untuk Asia memicu kekhawatiran atas permintaan yang lebih lambat, tetapi data ekonomi China yang kuat membatasi kerugian. Minyak mentah berjangka Brent turun 30 sen, atau 0,4%,...

Minyak Turun terkait Data Pabrik Yang Lemah Memicu Kekhawatiran Permintaan

Harga minyak kembali turun pada perdagangan hari Selasa (2/8) karena investor mencerna prospek permintaan bahan bakar yang suram dengan data yang menunjukkan penurunan manufaktur global tepat ketika produsen minyak mentah utama bertemu minggu ini untuk menentukan apakah akan meningkatkan...

Minyak Turun Terkait Besarnya Stok Minyak Mentah AS Imbangi Pembicaraan Perdagangan AS-Cina

Harga minyak jatuh pada hari Rabu, ditarik oleh penumpukan yang lebih besar dari perkiraan di stok minyak mentah AS, setelah naik selama tiga sesi berturut-turut pada ekspektasi pelonggaran dalam ketegangan perdagangan AS-China. Minyak mentah berjangka Brent berada di $ 62,60 per barel pada 0330...

Minyak Turun Terkait Aksi Profit-Taking Pasca Penguatan Data AS, China

Minyak turun terkait spekulasi pedagang mengambil untung setelah minyak mentah melonjak tajam dalam hampir tujuh minggu pada Jumat karena membaiknya data ekonomi AS dan China membantu prospek permintaan. Minyak berjangka turun 0,6% di New York setelah melonjak 3,7% di sesi sebelumnya, terbesar...

Minyak Turun Tajam ditengah Konflik Perang Rusia Dengan Fokus Permintaan China

Minyak memperpanjang penurunannya pada Rabu (16/3) -- dan kini telah menyerahkan sebagian besar keuntungannya setelah invasi Rusia ke Ukraina -- karena perhatian beralih ke prospek penurunan permintaan ditengah kebangkitan Covid-19 di China. Kontrak berjangka di New York turun untuk sesi ketiga,...

Minyak Turun Setelah Stok Minyak AS Melonjak dan Prakiraan IEA yang Suram

Minyak turun untuk hari kedua - turun di bawah $ 41 per barel di New York - setelah lonjakan mengejutkan dalam stok minyak mentah AS dan perkiraan suram dari Badan Energi Internasional membebani prospek permintaan. Persediaan minyak mentah Amerika naik 4,28 juta barel, naik untuk minggu kedua...

Minyak Turun Setelah Reli 3-Hari Atas Permintaan Pasokan, Kekhawatiran Pertumbuhan Ekonomi

Harga minyak turun pada hari Jumat setelah tiga hari berturut-turut mengalami kenaikan, terluka oleh kekhawatiran baru tentang permintaan bahan bakar mengingat ramalan pertumbuhan ekonomi yang suram. Minyak mentah Brent turun 30 sen, atau 0,5%, pada $ 61,37 pada 01:22 GMT. Benchmark global naik...

Minyak Turun Setelah Pemotongan Harga Saudi Memacu Kekhawatiran Permintaan

Harga minyak turun pada hari Senin (6/9), memperpanjang kerugian setelah eksportir utama dunia Arab Saudi memangkas harga kontrak minyak mentah untuk Asia selama akhir pekan, mencerminkan pasar global yang terpasok dengan baik dan kekhawatiran melebihi prospek permintaan. Minyak mentah berjangka...

Minyak Turun Setelah Mencapai $70 saat Investor Menilai Prospek Permintaan

Minyak tergelincir setelah mencapai $70 per barel untuk pertama kalinya sejak Oktober 2018 karena reli yang didorong oleh tanda-tanda pengetatan pasar terhenti. Kontrak telah turun 0,3% di perdagangan New York setelah naik sebanyak 0,6% sebelumnya menyusul kenaikan mingguan kedua. Meskipun minyak...

Minyak Turun Setelah Laporan Industri Menunjukkan Kenaikan Stok AS

Minyak turun dalam perdagangan Asia setelah sebuah laporan industri menunjukkan kenaikan pertama dalam stok minyak mentah AS dalam lima minggu setelah ledakan cuaca dingin baru-baru ini yang menyebabkan serentetan pemadaman kilang. Kontrak di New York turun 0,9% diperdagangkan mendekati $ 61 per...

Minyak Turun Setelah Laporan Industri Melaporkan Peningkatan Stok AS

Minyak turun dalam perdagangan Asia setelah sebuah laporan industri menunjukkan kenaikan pertama dalam stok minyak mentah AS dalam lima minggu setelah cuaca dingin baru-baru ini yang menyebabkan serentetan pemadaman kilang minyak. Kontrak di New York turun 0,7% menjadi diperdagangkan mendekati $...

Minyak Turun Setelah Aliansi OPEC+ Setuju untuk Meningkatkan Produksi

Minyak turun setelah OPEC+ bertahan dengan rencana mereka untuk meningkatkan produksi minyak mentah, dengan spekulasi bahwa pasar global dapat menyerap pasokan tambahan karena permintaan meningkat dan stok berkurang. West Texas Intermediate turun 0,4% di awal perdagangan setelah penutupan yang...

Minyak Turun Seiring Surutnya Prospek Kesepakatan Perdagangan AS-Cina

Harga minyak turun pada hari Rabu karena prospek kesepakatan perdagangan antara Amerika Serikat dan China memudar, membebani prospek ekonomi global dan permintaan energi. Presiden AS Donald Trump mengatakan pada hari Selasa bahwa kedua negara hampir menyelesaikan kesepakatan perdagangan, tetapi...

Minyak Turun seiring Prediksi Surplus EIA, Kekhawatiran Gangguan di Libya Memudar

Harga minyak turun pada hari Rabu karena Badan Energi Internasional (IEA) memperkirakan surplus pasar pada semester pertama tahun ini sudah cukup untuk menghilangkan kekhawatiran tentang gangguan militer yang telah memangkas produksi minyak mentah Libya. Minyak mentah Brent turun 34 sen, atau...

Minyak Turun seiring Pertikaian AS-China, Kenaikan Kasus Virus Membebani Pasar

Harga minyak turun tipis pada hari Senin karena meningkatnya kasus virus corona dan ketegangan antara Amerika Serikat dan Cina mendorong investor menuju aset safe-haven. Minyak mentah Brent turun 8 sen, atau 0,2%, menjadi $ 43,26 per barel pada pukul 04:03 GMT, sementara minyak mentah West Texas...

Minyak Turun Seiring Penguatan Dolar, Tetapi Pembicaraan OPEC+ Menawarkan Dukungan

Harga minyak turun pada hari Kamis (29/9), dengan dolar yang lebih kuat memangkas kenaikan lebih dari $3 hari sebelumnya, meskipun kerugian dibatasi oleh indikasi bahwa kelompok produsen OPEC+ mungkin memangkas produksi. Minyak mentah berjangka Brent turun $1,18, atau 1,3%, menjadi $88,14 per...

Minyak Turun Seiring Pelemahan Ekonomi Menurunkan Prakiraan untuk Pertumbuhan Permintaan

Minyak turun terkait ketegangan perdagangan antara AS dan China memperburuk prospek pertumbuhan permintaan global. Minyak berjangka turun 2% di New York, menghapus semua kenaikan untuk minggu ini. Harga telah menyentuh tertingginya satu bulan pada hari Kamis setelah persediaan Amerika turun 4,77...

Minyak Turun seiring Pedagang Menunggu Keputusan OPEC+ tentang Produksi

Harga minyak turun sebelum pertemuan OPEC+ pada Rabu (3/8) karena para pedagang menunggu untuk melihat apakah kelompok itu akan mengindahkan seruan AS untuk meningkatkan pasokan. West Texas Intermediate turun menuju $93 per barel di awal perdagangan Asia setelah berakhir sedikit lebih tinggi pada...

Minyak Turun seiring Pasar Terbebani Pengetatan Pasokan, Kekhawatiran Resesi

Harga minyak tidak stabil pada hari Senin (11/7), karena para pedagang menyeimbangkan kekhawatiran pasokan terhadap kekhawatiran tentang resesi atau pembatasan Covid-19 China yang memukul permintaan. Minyak mentah Brent diperdagangkan turun 1,5% pada $ 105,39 per barel. Minyak mentah berjangka...

Minyak Turun Seiring Naiknya Stok AS, Pembicaraan Dengan Iran Membayangi

Minyak memperpanjang penurunan menuju $ 65 per barel setelah laporan industri menunjukkan kenaikan stok minyak mentah AS dan pedagang mengkaji pembicaraan antara kekuatan dunia tentang kebangkitan kesepakatan nuklir Iran. West Texas Intermediate untuk pengiriman Juni turun 0,5% setelah turun 1,2%...

Minyak Turun Seiring Meningkatnya Stok Minyak Mentah Menimbulkan Keraguan Atas Pemulihan dalam Permintaan

Harga minyak turun pada hari Kamis setelah data dari kelompok perdagangan industri AS menunjukkan kenaikan dalam persediaan minyak mentah, menimbulkan pertanyaan apakah ekspektasi untuk pemulihan permintaan telah berlebihan. Minyak mentah West Texas Intermediate untuk pengiriman Juli turun 28...