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Latest Articles in oil prices
Oil Prices Down 1.5% For The Week On Recession Jitters
Oil briefly jumped in volatile trade on comments by Richmond Federal Reserve President Thomas Barkin who said the drive to raise rates also needs to be balanced with the impact rate hikes are having on the economy
Read MoreOil Up 3% On Robust US Fuel Consumption, Tight Supply Outlook
Prices rose more than 1 per cent during the previous session, although Brent at one point fell to its lowest since February, as signs of a slowdown mounted in some places
Read MoreOil Extends Losses As Weak Demand Outlook Lingers
China's central bank cut lending rates to revive demand as the nation's economy slowed unexpectedly in July, with factory and retail activity squeezed by Beijing's zero-COVID policy and a property crisis
Read MoreOil Drops As China Data Weighs
The central bank in China, the world's largest crude importer, cut lending rates to revive demand as data showed the economy slowing unexpectedly in July, with factory and retail activity squeezed by Beijing's zero-COVID policy and a property crisis
Read MoreOil Prices Back Up Near $100 Per Barrel, On Track For Weekly Gain
Brent was on track to climb more than 4% for the week, recouping part of last week's 14% tumble, its biggest weekly decline since April 2020
Read MoreOil Edges Lower As Supply Disruption Concerns Ease
Oil prices slipped in Asia on Thursday after gaining more than USD one in the previous session, as concerns over supply disruptions eased and markets looked for evidence of improving fuel demand
Read MoreOil Steadies As IEA Hikes 2022 Demand Growth Forecast
Meanwhile, physical oil prices around the world have begun to sag alongside futures, reflecting easing concerns over Russian-led supply disruptions and heightened worries about a possible global economic slowdown
Read MoreOil Falls On Demand Concerns, Greater Supply
Monthly oil reports from the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC) are expected later today
Read MoreOil Bounces As China, US Data Ease Recession Concerns
Both contracts settled higher on Friday after jobs growth in the United States, the world's top oil consumer, unexpectedly accelerated in July. On Sunday, China also surprised markets with faster-than-expected growth in exports
Read MoreOil Prices End Week On Multi-month Lows On Recession Fears
Oil traders this week have fretted about inflation, economic growth and demand, but signs of tight supply kept a floor under prices
Read MoreOil Prices Fall By 1% Over Fuel Demand Worries Ahead Of OPEC+ Meeting
Oil prices fell about 1% in early trade on Wednesday before paring some losses, ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar
Read MoreOil Prices Slip As Weak Manufacturing Data Stokes Recession Fears
Oil prices edged lower on Tuesday, extending losses from the previous session, as investors worried about global oil demand following weak manufacturing data in several countries
Read MoreMonsoon Rains Dampen India's July Fuel Demand
Gasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods, preliminary sales data shows
Read MoreOil Prices Slip Ahead Of OPEC+ Meeting
Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments
Read MoreOil Slides 2% On Rising US Fuel Stocks And Output
Oil prices slid about 2% on Wednesday as a rise in U.S. gasoline and distillate inventories and worries about slower economic growth around the world offset ongoing concerns about tight crude supplies
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