News & Analytic Centre

Oil prices edged higher on Wednesday amid continued outages in the United States and a weaker dollar, but a surprise build in U.S. inventories last week capped gains. Brent crude futures gained 52 cents, or 0.8, to 65.89 a barrel at 1109 GMT, after hitting a session low of 64.80. U.S. West Texas Intermediate WTI […]

Oil futures pushed higher Wednesday, but traders sounded a cautious note after an industry group reported an unexpected rise in crude inventories and the Organization of the Petroleum Exporting Countries and their allies prepared to meet next week. West Texas Intermediate crude for April delivery rose 60 cents, or 1, to 62.27 a barrel on the […]

Oil futures rose Thursday, on track for a fourth straight winning session as crude tests levels last seen in January of 2020 as traders found reassurance in testimony this week by Federal Reserve Chairman Jerome Powell. West Texas Intermediate crude for April delivery rose 30 cents, or 0.5, to 63.52 a barrel on the New York […]

Oil prices fell on Friday as bond price rout led to gains in the U.S. dollar while crude supply is expected to rise in response to prices climbing above prepandemic levels. Brent crude futures for April, which expire on Friday, fell 99 cents, or 1.4, to 65.89 a barrel by 1203 GMT. The more actively […]

Oil futures saw significant pressure Friday, with the U.S. benchmark pulling back from a 22month high, as a rise by the U.S. dollar and jitters ahead of next weeks meeting of the Organization of the Petroleum Exporting Countries and its allies appeared to prompt a round of profittaking. A jump in U.S. Treasury yields on […]