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Latest Articles in crude oil

Oil Prices Steady As Market Awaits Clarity On OPEC+ Output Cuts

Brent crude futures were up 6 cents, or 0.2%, at $39.85 a barrel by 1:29 p.m. ET (1729 GMT).

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Oil Prices Fall On Doubts Over Output Cuts, Surging US Diesel Inventories

Brent crude futures fell 1.18%, or 47 cents, to $39.32 a barrel as of 0652 GMT, while U.S. West Texas Intermediate (WTI) crude futures slid 1.80%, or 67 cents, to $36.62 a barrel.

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Oil Tops $40 For First Time Since March On OPEC Cuts, Demand Recovery

Brent crude futures for August were up 59 cents, or 1.5%, at $40.16 by 0840 GMT, reaching a high of $40.53

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US Crude Stocks Dip, Fuel Inventories Rise In Latest Week: API

Crude inventories fell by 483,000 barrels in the week to May 29 to 531 million barrels, compared with analysts' expectations for a build of 3 million barrels.

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Oil Prices Rise Ahead Of OPEC+ Meeting On Output Cuts

Benchmark Brent crude rose 2.5%, or 97 cents, to $39.29 a barrel as of 1100 GMT.

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Oil Prices Slip As Wary Traders Eye Upcoming OPEC+ Meeting

Brent crude fell 34 cents to $37.50 a barrel, in the first day of trading in the contract with August as the front month.

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Oil Prices Fall As US Fuel Demand Remains Weak

Brent crude slipped 36 cents, or 1%, to $34.93 a barrel by 0106 GMT and U.S. West Texas Intermediate crude was at $33.20 a barrel

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Oil Falls As Surprise US Stock Build Douses Demand Recovery Hopes

Brent crude futures were down 2%, or 71 cents at $34.03 per barrel, after dropping to as low as $33.63.

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Oil Falls On Demand Concerns, Tensions Over Hong Kong

Brent crude futures fell 50 cents, or 1.4%, to $35.67 by 0628 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 52 cents, or 1.5%, at $33.83 a barrel.

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Russia Leapfrogs Saudi Arabia As China's Top Crude Oil Supplier In April

Supplies from Saudi Arabia fell to 1.26 million bpd, down from 1.53 million bpd in April 2019 and 1.7 million bpd in March.

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Oil Falls As US-China Tensions Take Toll

Brent was down 19 cents, or 0.5%, at $34.94 a barrel by 0152 GMT. U.S. oil was down by 6 cents, or 0.2%, at $33.19 a barrel.

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UK Court Throws Out Nigerian Oil Corruption Case Against Shell, Eni

The Nigerian government filed the case in 2018 at a commercial court in London alleging payments made by the companies to get the oilfield licence in 2011 were used for kickbacks and bribes.

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Oil At Highest Since March On Lower US Inventories, Recovering Demand

Crude prices have slumped in 2020, with global benchmark Brent hitting a 21-year low below $16 in April as demand collapsed.

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Oil Prices Mixed As Brent Retreats On Profit-Taking After Rally

Brent crude fell 19 cents, or 0.6%, to $34.62 a barrel by 0351 GMT, after earlier touching its highest since April 9.

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Oil Prices Rise More Than $1 Ahead Of June WTI Contract Expiry

Brent crude was up $1.33, or 4.1%, at $33.83 a barrel by 0634 GMT, after touching its highest since April 13. U.S. West Texas Intermediate crude was up $1.65, or 5.6%, at $31.08 a barrel, after rising to its highest since March 16.

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