Crude oil prices fell yesterday after the decision by the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC members to raise.....
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Crude oil prices regained ground after the Saudi oil minister discussed the possible extension of a pact to cut global oil supplies beyond March 2018 with his Venezuelan and Kazakh counterparts.
U.S. crude was trading 36 cents firmer at 47.84 dollars a barrel, while Brent rose 22 cents to 56.00...
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Oil-markets on Friday saw Brent crude supported by Saudi Arabia hoping to cut October supplies, while United States crude was curbed by refinery-outages due to Hurricane-Harvey damages, which dented demand.
Focus was shifting to three other hurricanes that are currently tearing through the...
Crude oil price extended gains toward $47 a barrel as Saudi Arabia promised deep cuts to crude exports next month to help ease a global glut.
U.S. crude stockpiles probably fell for a fourth week through July 21, according to a Bloomberg survey data Wednesday.
Oil remains in a bear market amid...
Crude Oil rose to a near one-month high on Wednesday on signs of a gradual tightening in global oil inventories and on concerns about a supply cut at a field in the United Kingdom’s North Sea that feeds into an international benchmark price.
The significant of this development is that it put...
Crude oil prices rose on Wednesday after Russia joined the production cut embarked on by members and non-members of the Organization of Petroleum Exporting Countries (OPEC)cut.
Brent crude futures, the international benchmark for oil prices, traded at $55.70 per barrel; an increase of 12 cents...
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Oil prices rose on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production would drain a global supply glut.
The deal to cut production kicked in on Sunday.
The rise in oil prices continued to favour President Muhammadu Buhari's...
Oil prices rose on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply.
International Brent sweet crude was trading at 46.85 dollars per barrel .
U.S. West Texas Intermediate (WTI) crude was up at $45.52...
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Oil prices fell in Asia on Wednesday as Republican candidate Donald Trump defeated Democratic rival and market favourite Hillary Clinton in the race for the White House.
Global financial markets and oil prices went into a tailspin following the billionaire populist’s shock election win but...
donald trump wins
Oil prices fell Friday as OPEC's key producers cast doubt on the need to cut output, denting hopes of a deal to tackle a global supply glut.
Iranian Oil Minister Bijan Zanganeh on Friday said his country wanted its pre-sanctions share of the crude market.
His comments followed a warning by...
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west texas intermediate
World oil prices gained strength Friday from six straight sessions of losses, as investors eyed rising global equities and increasing risk appetite on receding Brexit concerns, dealers said.
At about 1100 GMT, Brent North Sea crude for delivery in August was up 99 cents at $48.18 a barrel.
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Crude prices dipped further in Asia on Friday on a stronger dollar, dampening a rally that saw the commodity hit 11-month highs earlier in the week.
The losses were in line with a sell-off on equities markets from Asia to the Americas fuelled by worries about the state of the global economy...
Oil prices rose Friday, with Brent climbing back above $40, as traders digested falling US output ahead of a producers’ meeting this month to discuss a proposed output freeze.
US production fell for the 10th time in 11 weeks, to 9.0 million barrels per day in the week through April 1, the...