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OIL PRICE

U.S. crude for August rose 42 cents, or 0.6%, to $72.07 a barrel, on track for a 3.4% decline

Oil up, but on track for biggest weekly drop in months

1 min read . Updated: 16 Jul 2021

Gasoline stocks fell by 6.1 million barrels in the week to 235.5 million barrels

Oil prices rise after big draw in U.S. crude, gasoline stocks

2 min read . Updated: 08 Jul 2021

Stockpiles are draining rapidly as fuel consumption rebounds in key regions including the U.S. and Europe.

Oil set for weekly gain as focus turns to upcoming OPEC+ meeting

2 min read . Updated: 25 Jun 2021

A big jump in U.S. crude stockpiles served as a reminder that there is still plenty of supply available, but was all but ignored as bulls ran through the market this week.

Oil prices rise to 9-month high, Brent crude pushes past $50 a barrel

1 min read . Updated: 11 Dec 2020

The optimistic view of the oil market in 2021 is shared to varying degrees across Wall Street (REUTERS)

As oil passes $45, It’s 2021 that’s really got traders excited

3 min read . Updated: 11 Nov 2020

The negative impact that renewed lockdowns in Europe are having on fuel demand, as well as rising Libyan production, kept prices in check (REUTERS)

Oil gains as vaccine hopes outweigh lockdown impact

1 min read . Updated: 10 Nov 2020

An oil pump outside Saint-Fiacre, near Paris (REUTERS)

Oil drops as US election uncertainty dominates markets

1 min read . Updated: 05 Nov 2020

OPEC+, the group of producers including the Organization of the Petroleum Exporting Countries and Russia, is set to increase output by 2 million bpd in January 2021 (REUTERS)

Oil drops on rising virus cases, increasing Libyan output

1 min read . Updated: 26 Oct 2020

FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S (REUTERS)

Oil falls after US inventory build feeds oversupply fears

1 min read . Updated: 21 Oct 2020

OPEC has steadily lowered its 2021 oil demand growth forecast from an initial 7 million bpd expected in July. (AP)

OPEC again cuts 2021 oil demand forecast as Covid-19 cases rise

1 min read . Updated: 13 Oct 2020

A Russian army vehicle, part of a patrol, drives past an oil field in the countryside. (AFP)

Oil prices fall 3% as US, Libyan, Norwegian supplies resume

1 min read . Updated: 12 Oct 2020

A Whiting Petroleum Co. pump jack pulls crude oil from the Bakken region of the Northern Plains near Bainville, (AP)

Oil prices extend losses as US producers restore output

1 min read . Updated: 12 Oct 2020

The Organization of the Petroleum Exporting Countries said on Thursday world oil demand will plateau in the late 2030s and could by then have begun to decline. (REUTERS)

Oil prices head for 10% weekly jump on North America, Norway outages

1 min read . Updated: 09 Oct 2020

FILE - This Nov. 6, 2013 file photo shows a Whiting Petroleum Co. pump jack pulls crude oil from the Bakken region of the Northern Plains near Bainville, Mont. A federal judge has ruled that the Trump administration's leading steward of public lands has been serving unlawfully and blocked him from continuing in the position. U.S. District Judge Brian Morris said Friday, Sept. 25, 2020, that U.S. Bureau of Land Management acting director William Perry Pendley was never confirmed to the post by the U.S. Senate and served unlawfully for 424 days. Montana's Democratic governor had sued to remove Pendley, saying the the former oil industry attorney was illegally overseeing a government agency that manages almost a quarter-billion acres of land, primarily in the U.S. West. (AP Photo/Matthew Brown, File) (AP)

‘Oil prices to stay around $50 bbl’

1 min read . Updated: 05 Oct 2020

Futures in New York were steady in early Asian trading after closing up 1% on Thursday.

Oil rally stutters on risk of new supply amid worsening demand

1 min read . Updated: 25 Sep 2020

An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery in Saudi Arabia

Swollen diesel stockpiles threaten oil price recovery

1 min read . Updated: 17 Sep 2020

Oil & Gas pump jack is seen near Granum, Alberta, Canada (REUTERS)

Oil prices add to losses as supplies swell amid weak demand

1 min read . Updated: 11 Sep 2020

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S. (REUTERS)

Oil falls past two-month low on bleak short-term demand outlook

1 min read . Updated: 08 Sep 2020

Oil tanks at a Saudi Aramco oil facility (REUTERS)

Saudis Reduce Oil Pricing in Sign Demand Recovery Struggling

2 min read . Updated: 06 Sep 2020

The sun sets behind a crude oil pump jack (REUTERS)

Oil Holds at Five-Month High as Hurricane Nears U.S. Gulf Coast

1 min read . Updated: 26 Aug 2020

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