Oil prices slumped in Asian trade on Friday, but are on track for the fifth week of gains in a row after …
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Energy | PetroleumNews
Oil reaches three-and-a-half-month highs on tight supply and prospects for stronger Chinese demand
by BUNKERISTby BUNKERISTExpectations of tighter supply and stronger Chinese demand take precedence over concerns about an economic slowdown Oil prices rose 1% on Thursday, …
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Energy | PetroleumNews
Oil slacks on expectations of a rise in US crude inventories and a Federal Reserve rate hike
by BUNKERISTby BUNKERISTOil eased cautiously ahead of rising US inventories and a possible Fed hike. Oil prices retreated from a three-month high on Wednesday …
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Oil prices rose for the third consecutive session on Tuesday as signs of tightening supply and Chinese officials’ commitments to support the …
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Energy | PetroleumNews
Oil prices decline before US and European central banks raise interest rates
by BUNKERISTby BUNKERISTOil slumped on Monday as traders await signals of further rate hike cues from the US and European central banks, with tightening …
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Energy | PetroleumNews
Oil prices rise for the fourth week in a row amid growing evidence of supply shortages in the coming months
by BUNKERISTby BUNKERISTOil prices posted their fourth straight weekly gain, up nearly 2% on Friday, supported by growing evidence of supply shortages in the …
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Energy | PetroleumNews
Oil, rising on the back of falling oil stocks in the US and economic stimulus in China
by BUNKERISTby BUNKERISTOil slumped on weak economic data and supply cuts, rising on the back of falling stocks in the US and economic stimulus …
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Energy | PetroleumNews
Oil stays flat on the decline in US crude inventories and weaker potential demand outlook
by BUNKERISTby BUNKERISTOil broke higher throughout July after being stuck in the $72-78 range throughout May and June, supported by Saudi production cuts and …
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Energy | PetroleumNews
Oil, which opens high in Asian trade, declines on demand concerns in US-dominated markets
by BUNKERISTby BUNKERISTOil prices tumbled Wednesday as markets focused on US demand concerns after opening higher at the start of Asian trade. Despite China’s …
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Energy | PetroleumNews
Oil prices rise in Asian trade amid possible tightening in US crude supply
by BUNKERISTby BUNKERISTOil rose gradually in Asian trade on Tuesday as investors keep an eye on a possible tightening in US crude supplies, after …