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]
Oil prices climbed on Friday on strong US jobs data and tightening crude supply due to US sanctions on Venezuelan oil exports. OPEC cuts are also impacting the global crude market. Repsol photo. Oil prices [Read more]
Oil prices rose on Wednesday after data from the US Energy Information Administration showed US crude stocks rose less than expected last week due to a decline in imports. Equinor photo. US oil prices up [Read more]
Oil prices fell about 3 per cent on Monday on rising US oil production and waning confidence that the US and China will soon end the trade war between the world’s two largest economies. Equinor [Read more]
Rising concerns about tightening crude supply due to turmoil in Venezuela helped boost oil prices on Friday, but an increase in the US oil rig count capped gains. BP photo. Oil prices up 1 per [Read more] [Read more]
Oil prices fell slightly on Wednesday as the US stock markets continued to struggle due to concerns about a weakening global economy. Anadarko photo. Oil prices down under 1 per cent Oil prices slipped during [Read more] [Read more]
Oil prices fell on Tuesday as the market grew more concerned about a slowing global economy and rising US production as well as smaller-than-expected cuts by OPEC and its allies. Encana photo. Oil prices down [Read more] [Read more]
Oil prices teetered between slight gains and small losses on Monday on OPEC production cuts, but data showing a slowdown in China somewhat dampened investors’ enthusiasm. ConocoPhillips photo. Gains in oil prices reined in by [Read more] [Read more]
Oil prices steadied on Wednesday after Tuesday’s gains of 3 per cent, however EIA data shows growing US refined product stockpiles and growing US production, which could undermine efforts to rein in a growing crude [Read more] [Read more]
Oil prices rose by over 2 per cent on Tuesday after China announced it will introduce a $586 billion stimulus package to help stabilize its slowing economy. Apache photo. Oil prices reverse Monday’s losses Oil [Read more] [Read more]
Oil prices fell about 1 per cent on Monday after data from China showed exports fell by the highest amount in two years last month and imports also fell. AP photo. Oil prices fall about [Read more] [Read more]
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