Oil Prices Slip Following Fed Rate Cut and Mixed U.S. Inventory Reports

Oil prices softened in Asian trading on Thursday, retreating after earlier climbs to two-week highs as markets reacted to the Federal Reserve’s interest rate cut and mixed signals from U.S. crude ... Read More

Oil Prices Dip Despite Fed Rate Cut As Focus Shifts To US Demand

Oil prices fell on Thursday as investors dissected U.S. crude inventory data after an expected rate cut by the U.S. Federal Reserve. Benchmark Brent crude prices fell 0.5% to $67.56 per barrel, while ... Read More

US Crude Oil Inventories Plummet, Pushing Prices Higher

Crude oil inventories in the United States decreased by 9.3 million barrels during the week ending September 12, after adding 3.9 million barrels in the week prior ... Read More

Oil prices rise after Fed rate cut, but demand worries persist

Crude futures inched higher Thursday as markets weighed the Federal Reserve’s rate cut against concerns over U.S. fuel demand. Brent (CO1:COM) gained 0.4%, to $68.22 a barrel by 8:33 a.m. ET, while ... Read More

Oil edges lower amid worries over US economy, market oversupply

Oil prices declined for a second session on Thursday, after the Federal Reserve cut interest rates as expected and traders focused on concerns about the U.S. economy and excess supplies. Read More

U.S. crude supplies tallied a more than 9 million-barrel weekly decline. Here’s why oil prices fell anyway.

Oil traders looked past expectations for an interest-rate cut by the Federal Reserve on Wednesday, pulling U.S. benchmark prices for crude down for the first time in four sessions, even as [the Energy ... Read More

Oil Prices Hold Steady After Earlier Gains Amid Global Tensions

Oil prices held steady in Asian markets on Thursday following strong gains earlier in the week, driven by escalating geopolitical tensions in Russia and the Middle East, which raised concerns over ... Read More

Oil Prices Steady, Supported by Unexpected Fall in U.S. Crude Inventories

Oil prices were steady in the early Asian trade, supported by an unexpected fall in U.S. crude inventories last week. Read More

Oil Rises Following Second Straight U.S. Crude Weekly Draw

1609 GMT – Oil prices rise in evening trade after U.S. crude inventories fell for a second consecutive week. Brent crude is up 0.5% to $67.04 a barrel, while WTI gains 0.8% to $63.74 a barrel. Crude ... Read More

Crude Oil Prices Ease After Strong Gains: Traders Now Await US Inventory Data

Oil prices slipped on Tuesday after a strong start to the week that came on the back of supply fears triggered by an escalation of attacks on energy infrastructure in Russia. Benchmark Brent crude ... Read More

Oil Futures Hold Gains Ahead of U.S. Inventory Data

Crude futures were adding to gains of the previous two sessions with geopolitical risk countering underlying concerns of a surplus as OPEC+ increases planned output. Read More