U.S. Oil Futures Plumb Historic Sub-Zero Lows, Brent Plunges
U.S. oil futures continued to trade in negative territory on Tuesday, after closing down nearly $40 on Monday in their first-ever sub-zero dive, as concerns grew the United States will run out of storage for a glut caused by the coronavirus lockdown.Global…
Oil Edges Above $71
Oil held above $71 a barrel on Tuesday, supported by falling Venezuelan and Iranian exports and fighting in Libya that raised concerns of more supply threats, outweighing expectations of higher U.S. inventories.In Libya, fighting between Khalifa Haftar's…
Oil Slips from Five-Month High
Oil slipped from a five-month high above $71 a barrel on Tuesday as Russian comments signalling the possible easing of a supply-cutting deal with OPEC countered concern that violence in Libya could further tighten global markets.Supply curbs led by…
Oil Down After Trump Urges OPEC Not to Cut Supply
Oil prices fell more than 2 percent on Tuesday after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market.Brent dropped $1.97 a barrel, or 2.8 percent, to a low of $68.15 before recovering to around $68.52, down $1.60, by 1420 GMT. U.S.
Oil Rises Towards $77 After Slide, Demand Outlook Weighs
Oil rose towards $77 a barrel on Wednesday after hitting a two-month low as the focus returned to looming U.S. sanctions on oil exporter Iran, although concern about a weaker demand outlook weighed.In a sign Iranian exports will drop further once the sanctions take effect on Nov.
Oil Slips as Trade War Worries Outweigh Iran Sanctions
Oil prices slipped on Friday as concerns over the impact of a global trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output limited losses.Benchmark Brent crude oil was down 40 cents at $77.37 a barrel by 1310 GMT. U.S.
Oil Eases as Iran Exports Soar, U.S. Inventories Rise
U.S. could reimpose sanctions on Iran this month but surging U.S. supplies, stronger dollar cap market. Brent crude futures eased on Wednesday, surrendering early gains after evidence of further increases in U.S. shale supply and a rise in Iranian exports ahead of a possible renewal of U.S.
Oil Struggles to Retain Gains as Trade War Concerns Build
Russian crude output hits 11-month high, almost 11 mln bpd; Saudi Arabia expected to cut its physical crude prices. Oil steadied on Tuesday, after the price posted its biggest one-day fall in almost a year the previous day, although higher Russian output…
Oil Retreats After Failing to Hit $70 a Barrel
Oil prices fell on Thursday as investors booked profits after this week's rally, but losses were limited by the continuing efforts of OPEC and its allies to curb supplies. Brent crude futures were down 66 cents at $68.81 a barrel by 1410 GMT, having retreated from a session peak of $69.70…
Oil Nears Six-week Highs on Middle East Tension
Saudi Crown Prince visits Washington as U.S., Saudi Arabia expected to put pressure on Iran. Oil rose for a second day on Wednesday, nearing its highest in six weeks after a surprise decline in U.S. inventories and as concern persisted over possible disruption to Middle East supply.
Oil Under Pressure from U.S. Inventories, Output
U.S. oil inventories up less than expected, but U.S. crude stocks still above five-year average. Oil prices were broadly steady on Thursday but still set to slip over the week for the second time in a row against a backdrop of rising U.S. crude production and an increase in inventories.
Oil Falls Again as Inventories, Dollar Weigh
U.S. crude inventories rise more than expected, even as OPEC output fell in February. Oil prices fell for a third day on Thursday, dropping towards $64 a barrel as rising U.S. inventories, record output and a stronger dollar outweighed high OPEC compliance with its supply-cutting deal. A U.S.
Oil Falls as Outlook for Global Balance Dims
API to report storage estimates on Tuesday, EIA on Wednesday. Oil fell on Tuesday, losing gains made earlier in line with a recovery on global stock markets, after a forecasting agency estimated world crude supply could overtake demand this year, potentially undermining producer efforts to curb supply.
Oil Retreats but Prices Still Supported
Brent, WTI are up more than 13 pct since early December; rising U.S. oil production nevertheless remains a threat to tightening markets. Oil prices weakened following early gains on Wednesday, but remained underpinned by tightening supply and strong global demand.
Oil Retreats After Hitting 2015 Highs
Brent has risen more than 10 pct since December, but soaring U.S. crude production could undermine rally. Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring U.S. production undermined a 10 percent rally from December lows that…
Oil Near 2016 Highs on U.S. Inventory Draw
Algerian oil minister says OPEC could cut more; forced supply disruptions a significant risk. Oil prices held steady on Thursday, underpinned by a surprisingly large drop in U.S. inventory levels the previous day to stay within sight of this year's highs hit in June.
Oil at Three-month High
Brent climbs above $39 for first time this year; many traders close short positions as sentiment turns bullish. Brent crude hit a three-month high on Monday, extending gains that have lifted crude benchmarks by more than a third from this year's lows…
