Brent crude futures were up 6 cents to $86.37 a barrel at 0650 GMT, while West Texas Intermediate crude (WTI) was up …
Energy | Petroleum
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Energy | PetroleumNews
Oil rises after IEA’s record demand forecast, and logged weekly gains
by BUNKERISTby BUNKERISTOil prices rose on Friday and secured their fourth straight weekly gains after global demand said it would hit a record high …
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Oil prices rose on Friday amid concerns about shrinking supply, as the market awaited the International Energy Agency’s (IEA) monthly report later …
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Energy | PetroleumNews
Oil tumbles as investors concern about US recession risk and weak oil demand
by BUNKERISTby BUNKERISTOil prices slumped on Thursday after two sessions of gains as investors continued to worry about a possible recession in the US …
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Energy | PetroleumNews
Oil rises as market awaits US Federal Reserve inflation data
by BUNKERISTby BUNKERISTOil prices rose on Wednesday as the market awaits US inflation data, which is likely to affect the Federal Reserve’s policy on …
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Energy | PetroleumNews
Oil rises on prospects for potential economic stimulus from China, healthy demand in Asia, and a weaker dollar
by BUNKERISTby BUNKERISTOil prices rose on Tuesday amid expectations of potential economic stimulus from China, healthy demand in the rest of Asia, and lower …
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Energy | PetroleumNews
Oil remains stable amid tight supply prospects and concerns about global growth that could reduce fuel demand
by BUNKERISTby BUNKERISTOil prices were roughly unchanged on Monday as investors expected tighter supplies from OPEC+ producers from May, weighing on concerns about weakening …
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Energy | PetroleumNews
Prices are up 6% this week after OPEC+ announced voluntary cuts
by BUNKERISTby BUNKERISTOil prices were little changed on Thursday, but posted a third weekly gain as markets put pressure on falling US oil inventories …
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Energy | PetroleumNews
Oil slumps as weak US economic data raises concerns over the global recession and demand decline
by BUNKERISTby BUNKERISTOil fell on Thursday as weak US economic data raised concerns about a potential global recession and reduced demand. Still, benchmark prices …
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Energy | PetroleumNews
Oil prices rise, supported by OPEC+ production cuts and expectations of lower US crude inventories
by BUNKERISTby BUNKERISTOil prices rose on Wednesday, supported by expectations of lower US crude inventories and the latest output cut targets set by the …