Oil prices rose slightly Thursday on OPEC supply cuts as well as US sanctions on crude from Iran and Venezuela, however, gains were capped by falling stock markets and concerns about weakening demand growth. [Read more]
Oil prices slipped on Wednesday after data from the US Energy Information Administration showed a significant increase in US crude stocks, but a third draw down in gasoline inventories helped underpin crude prices. Anadarko photo. [Read more]
Oil prices were flat on Tuesday as the market considered the OPEC supply alongside weakening global demand and the restart of Libya’s biggest oilfield. BP photo. OPEC announced it will likely extend its supply pact [Read more]
After a tumultuous trading day on Monday, oil prices steadied on Tuesday after OPEC sources said the cartel is likely to carry on with its supply cut agreement despite a tweet from US President Donald [Read more]
Oil prices fell significantly on Monday after US President Donald Trump tweeted a plea to OPEC to “relax and take it easy” and warned that the “world cannot take a price hike – fragile.” Oil [Read more]
Oil prices hit their highest level since mid-November on Friday as the market grew more hopeful that the United States and China would soon reach a deal to end the ongoing trade war. Anadarko photo. [Read more]
Oil prices dipped on Thursday from 2019 highs after data from the US Energy Information Administration showed the fifth weekly build in US crude stocks as well as record high US oil output. Anadarko photo. [Read more]
Benchmark Brent oil prices hit a 2019-high on Friday as investors were encouraged by the OPEC supply cut as well as a higher-than-expected drop in Saudi Arabia’s production. Oil prices up over 2 per cent [Read more]
Oil prices rose on Tuesday on OPEC data showing a sharp reduction in output last month. On Monday, Saudi Arabia announced it will cut its production in March by an additional 500,000 barrels. Repsol photo. [Read more]
Oil prices slipped just under 1 per cent on Monday as the market grew less optimistic about a quick resolution of the US – China trade war. Anadarko photo. Oil prices underpinned by OPEC supply [Read more]
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