Oil prices dropped on Tuesday, extending declines to three consecutive days, as rising stockpiles in the United States added to the risks to a demand recovery after countries including Germany and France halted COVID19 vaccinations. Brent crude was down 69 cents, or 1, at 68.19 by 0531 GMT, having dropped 0.5 on Monday. U.S. crude […]

Oil futures edged lower Friday, pulling back modestly after a rally led by optimism over U.S. gasoline demand helped push the global benchmark to its highest close since May 2019. West Texas Intermediate crude for April delivery fell 21 cents, or 0.3, to 65.81 a barrel on the New York Mercantile Exchange. May Brent crude was off […]

Oil futures moved higher Wednesday, finding support as traders awaited U.S. government inventories data after an industry trade group showed another sharp rise in American crude stocks but big drawdowns in inventories of petroleum products. West Texas Intermediate crude for April delivery rose 49 cents, or 0.8, to 64.50 a barrel on the New York Mercantile […]

Oil fell for a third straight session on Wednesday as investors took profits while looking ahead to U.S. inventories data due later in the day for pointers on where prices will head next. Brent crude for May dropped 63 cents, or 0.9, to 66.89 a barrel by 0721 GMT, after earlier hitting an intraday low […]

Oil futures moved lower Tuesday, on track to suffer a second straight day of losses as traders awaited data that may reveal a third weekly climb in U.S. crude inventories. A more definite price direction is expected soon, when the U.S. weekly oil inventory report reveals estimates on how oil stocks performed last week, said […]

Oil prices fell on Tuesday, reversing earlier gains, on receding fears of a supply disruption in Saudi Arabia, the worlds biggest oil exporter, after an attack on its export facilities, and on concerns a stronger U.S. dollar would crimp demand. Prices rose earlier on expectations of a recovery in the global economy after the U.S. […]

Brent crude futures climbed above 70 a barrel on Monday for the first time since the COVID19 pandemic began, while U.S. crude touched its highest in more than two years, following reports of attacks on Saudi Arabian facilities. Brent crude futures for May hit 71.38 a barrel in early Asian trade, the highest since Jan. […]

Goldman Sachs Commodities Research raised its Brent forecast for second and third quarter by 5 a barrel after OPEC and its allies kept the deal unchanged, and said discipline of shale producers is likely behind the groups slower output increase. The Wall Street bank now sees Brent prices at 75 a barrel in second quarter […]

Oil prices rose more than 1 on Friday, extending gains from the previous session, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic. Brent crude futures for May rose 83 cents, or 1.2, to 67.57 a barrel at 0609 […]

Oil futures climbed Thursday as traders awaited a decision from the Organization of the Petroleum Exporting Countries and its allies on whether to ease production curbs as they gauge the strength of the global economy. All eyes are on OPEC, as the group as known. Members must decide whether to stick with a plan that […]