Oil settles down 2%, big weekly drop after US jobs data
Oil prices settled 2% lower on Friday, with a big weekly loss after data U.S. jobs data was weaker than expected in August, which outweighed price support from a
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Oil prices settled 2% lower on Friday, with a big weekly loss after data U.S. jobs data was weaker than expected in August, which outweighed price support from a
September 06, 2024Oil prices settled 3% higher on Monday as production cuts in Libya added to supply concerns stemming from reports of escalating conflict in the Middle East.
August 25, 2024Oil prices settled higher on Thursday for the third consecutive session, after U.S. jobs data eased demand concerns and war in the Middle East helped prices
August 07, 2024Oil prices rose for the second consecutive session on Thursday with the Brent benchmark settling above $85 a barrel as hopes rose for U.S. interest rate cuts after
July 10, 2024Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories.
July 03, 2024Saudi Arabia set its flagship Arab Light crude oil official selling price (OSP) to Asia at plus $2.40 versus Oman/Dubai average for July, a document seen by Reuters
June 23, 2024Global fossil fuel consumption and energy emissions hit all-time highs in 2023, even as fossil fuels' share of the global energy mix decreased slightly on the year,
June 19, 2024Oil prices stabilised on Wednesday, but remained near six-month lows after a more than 3% drop in the previous session, with investors concerned about oversupply
December 13, 2023Oil prices were stable on Friday following a 2% drop on Thursday, with the market unconvinced that the latest round of OPEC+ production cuts will be able to lift prices
April 26, 2024Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where diplomatic efforts are intensifying in an attempt to contain
April 26, 2024Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer group's output cuts.
June 18, 2024Oil prices were steady on Wednesday, as investors weighed the effectiveness of an extension in OPEC+ cuts in tightening supply against a worsening demand outlook in China.
April 26, 2024Oil futures fell on Monday on reports that the U.S. had agreed a deal to ease sanctions on Venezuela, while investors continued to mull the potential impact of the
April 26, 2024Oil prices fell on Wednesday, as fears of disruption to supplies due to conflict in the Middle East receded a day after top OPEC producer Saudi Arabia pledged to
April 26, 2024Oil prices edged higher on Friday, and were headed for a gain of 2% for the week, driven by tight U.S. supply and expectations of strong fuel demand in China during
April 26, 2024Oil prices fell on Wednesday as worries over conflict in the Middle East eased and business activity in the United States slowed, although a fall in U.S. crude oil
May 09, 2024Oil prices held near a three-week low on Thursday as investors weighed mixed U.S. economic data, U.S. sanctions on Venezuela and Iran and easing tensions in the
April 17, 2024