Brent up 0.8, WTI up 0.9 Market concerns about further escalation of RussiaUkraine tensions U.S. crude inventories rose by 545,000 barrels last week SINGAPORE, Nov 21 Reuters Oil prices climbed on Thursday as geopolitical concerns over escalating tensions between Russia and Ukraine outweighed the impact of a biggerthanexpected increase in U.S. crude inventories. Brent crude […]

OPEC could further extend voluntary cuts, sources say 39;Price war39; with rivals seen as unlikely Deeper cuts unpalatable given internal pressure to hike OPEC scheduled to meet on Dec. 1 LONDON, Nov 20 Reuters OPEC will have little room to manoeuvre on oil policy when it meets in December it would be risky to increase […]

EIA data shows U.S. crude, gasoline stocks rose, distillates fell last week Hostilities escalate in Ukraine war Full output capacity restored at key North Sea oilfield following power outage HOUSTON, Nov 20 Reuters Oil prices were steady on Wednesday as the escalating war between major oil producer Russia and Ukraine offset a rise in U.S. […]

Johan Sverdrup field partially resumes output Biden allows Ukraine to use U.S. weapons to strike into Russia U.S. crude slips into contango, suggesting easing supply tightness LONDON, Nov 19 Reuters Oil prices steadied on Tuesday as the restart of production at Norway39;s Johan Sverdrup oilfield offset investor concerns about an escalation in the RussiaUkraine war. Equinor resumed partial […]

SINGAPORE, Nov 18 Reuters Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world39;s secondlargest consumer, and forecasts of a global oil surplus weighed on markets. Brent crude futures gained 18 cents, or 0.3, to 71.22 a barrel by 0713 […]

LONDON, Nov 15 Reuters Oil prices fell on Friday, and were heading for a weekly loss, on worries about waning Chinese demand and expectations of fewer U.S. Federal Reserve interest rate cuts. Brent crude futures dropped 97 cents, or 1.34, to 71.59 a barrel by 1011 GMT. U.S. West Texas Intermediate crude futures were down […]

Nov 14 Reuters Oil prices slipped in early trade on Thursday, reversing most of the previous session39;s gains on a stronger dollar and worries of higher global output amid slow demand growth forecasts. Brent crude futures fell 45 cents, or 0.6, to 71.83 a barrel by 0726 GMT. U.S. West Texas Intermediate crude WTI futures […]

Brent, WTI up about 0.2 Tightness in physical market offsets demand outlook ANZ To come API weekly U.S. stockpile report at 2130 GMT SINGAPORE, Nov 13 Reuters Oil prices inched higher on Wednesday underpinned by signs of nearterm supply tightness but held near their lowest in two weeks, a day after OPEC downgraded its forecast […]

Nov 12 Reuters Oil prices were little changed on Tuesday, awaiting further price direction from OPEC39;s monthly report, while investor disappointment over China39;s latest stimulus plan and oversupply concerns limited gains. Brent crude futures rose 38 cents, or 0.5, to 72.21 a barrel, by 0944 GMT. U.S. West Texas Intermediate crude futures were up 36 […]

Brent, WTI falls over 1 on China, US dollar strength China39;s latest stimulus package fell short of expectations US storm Rafael subsides Nov 11 Reuters Oil prices fell on Monday, after China39;s stimulus plan disappointed investors seeking fuel demand growth in the world39;s No. 2 oil consumer and as the U.S. dollar edged higher. Brent […]