Oil Edges Higher on U.S. Inventories Draw

Oil edged lower, weighed by ebbing risks of supply disruption in the Middle East. Read More

Oil steadies, heads for weekly drop on U.S. economy worries

May 3 (Reuters) - Oil prices edged up in early trade on Friday on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for weekly losses on U.S. economic uncertainty and ... Read More

Oil Prices Climb Toward $90 on Geopolitical Risk and a U.S. Stock Draw

Brent crude ticked up closer to $90 per barrel today after yesterday the American Petroleum Institute reported a larger than expected draw in U.S. inventories ... that China’s oil demand growth ... Read More

Oil prices struggle for direction on rise in U.S. supplies, Middle East cease-fire talks

The slump came after U.S. commercial crude inventories marked their largest weekly rise since February. The inventory report was very bearish, with a larger build than expected ... oil through ... Read More

Oil settles lower as U.S. business activity cools, concerns over Middle East ease

Oil 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 inventories put a floor on those ... Read More

U.S. Index Futures Indicate Moderate Recovery Ahead of March Employment Report Release, Oil Edges Up

U.S. index futures indicate a moderate ... The Shanghai SE market in China remained closed due to a holiday. The main European stock exchanges are recording declines this Friday, marking the ... Read More

Oil prices expected to remain flat in 2024

As for Malaysia, whose Budget 2024 was based on a Brent oil price assumption of US ... are expected to remain depressed from a supply glut and new capacities coming on stream. “China’s pivot ... Read More

Oil Edges Lower on Discounted War Risks, Demand Worries

0743 GMT – Oil prices edge lower as traders discount risks of a broader war in the Middle East, while a fourth straight weekly build in U.S. crude inventories and prospects of higher-for-longer ... Read More

Oil prices settle at three-week low with U.S. supplies up a fourth week in a row

Investors and oil traders remain on edge as they await ... grew by a weaker-than-expected 4.5% in March. In related news late Wednesday afternoon, the U.S. Department of State said it determined ... Read More

Ceasefire talks drop oil more than $1

US crude oil ... worries amid airstrikes in Gaza. Also supporting was Treasury Secretary Janet Yellen’s comments that US economic growth was likely stronger than suggested by weaker-than ... Read More