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Oil prices slide after rallying to highest in over month with Middle East tension

- Both oil benchmarks decline with investor profit-taking and demand uncertainties in China

08.10.2024 Oil

Oil prices edge higher over wider Middle East conflict

- Soaring tensions in Middle East raises concern that crude oil flow from the oil rich region could be disrupted

03.10.2024 Oil

Oil prices climb over 2% following escalating geopolitical tensions in Middle East

- Iran's military strike against Israel raises worries of crude oil disruptions in region, home to vast majority of oil reserves

02.10.2024 Oil

Oil falls as supply prospects and demand concerns offset Middle East fears

- Market is weighing whether Middle East conflict will spread to region, where vast majority of oil reserves are located

01.10.2024 Oil

Oil prices up over growing supply concerns in Middle East

- US Federal Reserve's recent rate cut buoys market sentiment that lower rates will boost economic activity, in turn helping spur increased oil demand

23.09.2024 Oil

Oil prices down on signs of US inventory build

- Markets are positioned for interest rate cut decision from US Federal Reserve during today's meeting

18.09.2024 Oil

Brent crude oil rebounds after four-week decline

- Brent crude recovers 2.7% this week after hitting $74.93 per barrel, lowest since January 3rd

10.08.2024 Oil

Oil prices down over US recession fears

- Increased regional tension in Middle East paves way for concerns about wider conflict and supply disruptions

05.08.2024 Oil

Oil prices down on China demand concerns

- Market players disregard risk premium from prices amid lack of immediate escalation in Middle East tensions

30.07.2024 Oil

Oil up over fears of widening conflict in oil-rich Middle East

- Gains are weak as outlook for crude demand in China, world's largest crude oil importer, remain bleak

29.07.2024 Oil

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Oil up over signals of greater demand in US

- Prices continue to be depressed by slower-than-expected economic growth in China, world's largest crude oil importer

26.07.2024 Oil

Oil prices ease on strong dollar

- Efforts to implement cease-fire in the Middle East, home to vast majority of global oil reserves, continue to impact prices

15.07.2024 Oil

Oil prices settle higher during week ending July 5 over demand hopes, supply worries

- Economic uncertainty in US, world's largest oil consumer, limits further price increases as market players await cues on Fed's rate cut outlook

05.07.2024 Oil

US oil rig count down by 5 for week ending April 26

- Number of US oil rigs fall by 85 compared to one year ago

27.04.2024 Oil Finance

Oil prices up 2.5% in week ending April 26

- Renewed US sanctions on Venezuela with export capacity of around 600,000 barrels per day also fuels supply concerns

26.04.2024 Oil

Oil prices up over strong US demand data, supply concerns

- Longstanding Israeli-Palestinian conflict shows no signs of abating, and is keeping markets exposed to risks in Middle Eastern geopolitics

24.04.2024 Oil

Oil prices up over investor profit-taking, tighter supply prospects

- Global economic concerns, large build in US' crude oil stocks, and Fed's hawkish stance that has led to strong dollar continue to put downward pressure on prices

23.04.2024 Oil