Oil prices climbed on Monday, supported by forecasts of a summer fuel consumption peak and a supply gap from OPEC+ cuts in …
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Energy | PetroleumNews
Oil weakens as investors weigh weak US fuel demand and profit-taking
by BUNKERISTby BUNKERISTOil prices fell on Friday as investors weighed weak U.S. fuel demand, taking some quarter-end money off the table. Core inflation data …
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Energy | PetroleumNews
Oil rises on expectations of U.S. central bank rate cut, higher refinery margins
by BUNKERISTby BUNKERISTOil prices rose in Asian trading on Friday, set for a third weekly jump, supported by rising expectations that the U.S. central …
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Energy | PetroleumNews
Oil prices fall as surge in US inventories stoke fears of slowing demand
by BUNKERISTby BUNKERISTOil prices fell Thursday as the surge in US inventories stoked fears of lower demand in the world’s largest oil consumer. However, …
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Energy | PetroleumNews
Oil rises on forecasts of inventory declines in the U.S., risks of conflict in the Middle East
by BUNKERISTby BUNKERISTOil prices rose in Asian trading on Wednesday despite a surprise increase in U.S. inventories due to geopolitical risks from the Middle …
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Energy | PetroleumNews
Oil, which rose in the previous session due to the US summer peak, is stable today
by BUNKERISTby BUNKERISTOil prices were little changed today after rising in the previous session on expectations of increased fuel demand this summer, but investors …
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Energy | PetroleumNews
Oil prices weighed down as concerns about long-term interest rates lift dollar
by BUNKERISTby BUNKERISTGeopolitical tensions and OPEC+ supply cuts supported oil, which fell slightly on Monday as concerns about longer-term interest rates resurfaced and lifted …
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Energy | PetroleumNews
Oil falls on stronger US dollar and mixed global economic news
by BUNKERISTby BUNKERISTCrude oil prices fell nearly 1% on Friday on concerns that global oil demand growth could be negatively impacted by a strong …
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Energy | PetroleumNews
Oil prices rise for the second week amid signs of improving U.S. demand and falling inventories
by BUNKERISTby BUNKERISTCrude futures were little changed on Friday but rose for a second week amid signs of improving U.S. demand and falling oil …
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Energy | PetroleumNews
Oil falls after reaching seven-week highs on summer demand optimism, war concerns
by BUNKERISTby BUNKERISTOil prices fell on Wednesday after reaching seven-week highs, balanced by summer demand optimism, concerns about escalating conflicts in Europe and the …