-Oil edged higher toward $36 a barrel as the market waited to see if OPEC and its allies will extend record production curbs. Futures in New York rose around 1% after closing little changed Monday. Saudi Arabia favors keeping the curbs -- which are set to...
-Oil prices were little changed on Monday, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June. Brent crude (LCOc1) was unchanged at $37.84 a barrel, in the first day...
Oil prices edged lower on Friday after U.S. inventory data showed lackluster fuel demand in the world’s largest oil consumer while worsening U.S.-China tensions weighed on global financial markets. Brent crude slipped 25 cents, or 0.7%, to $35.04 a barrel by 0334 GMT and U.S. West Texas...
Oil extended losses after an industry report showed a surprise jump in U.S. crude stockpiles last week. West Texas Intermediate crude futures fell as much as 3.2% after the close in New York. The industry-funded American Petroleum Institute reported that U.S. crude stockpiles rose 8.73 million...
Western Canadian producers are moving to restore some oil production as crude prices rise with demand thanks to the gradual opening of the world economy and OPEC and Russian output cuts. But analysts say companies hit hard by low crude prices so far this year are...
Oil was up on Tuesday morning in Asia with Russian expectations of a rebalancing of the market by June or July. Russia is one of the top oil producers in the world. Brent oil futures rose 1.58% to $36.09 by 12:21 PM ET (5:21 AM GMT). There...
Oil prices slumped on Friday after China’s decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in the world’s second-largest oil user. Brent crude fell $1.70, or 4.7%, to $34.36 a barrel,...
-Oil was headed for its longest run of daily gains in 15 months after a drop in U.S. crude stockpiles added to signs that a market upended by coronavirus lockdowns and a producer price war is rebalancing. Futures in New York rose for a sixth day...
Oil prices rose on Wednesday amid signs of improving demand and a drawdown in U.S. crude inventories but worries over the economic fallout from the coronavirus pandemic capped gains. Brent crude futures for July delivery were up 53 cents, or 1.5%, at $35.17 per barrel. West Texas...
-Oil was mixed on Tuesday morning, the last day of trading for the WTI futures June contract in Asia. Brent oil futures dropped 0.65% to $35.25 by 9:45 PM ET (2:45 AM GMT) while WTI futures were up 1.80% to $32.22. WTI futures jumped more than 8% during the previous session. Investors are nervously...
