Oil News

Oil prices were little changed on Tuesday as investors assess the outlook that OPEC+ will announce a production hike for August at its next meeting, and amid ongoing US trade negotiations with major ...

Oil prices dropped on Monday as tensions receded in the Middle East with increasing speculation about a potential OPEC+ production hike in August.   Recent EIA data showed US crude output hit ...

Oil prices stabilized on Monday as Middle East tensions receded, and with the outlook of increasing OPEC+ production in August and concerns about global demand.   Brent futures settled at ...

Oil prices stabilized on Friday but marked the heftiest weekly loss since March 2023 following the Israel-Iran ceasefire.   As geopolitical tensions calmed down, the threat to oil supplies ...

Oil prices rose marginally on Thursday amid ongoing caution and uncertainty about the Iran-Israel ceasefire.   The oil market was boosted after official EIA data showed US crude stocks fell ...

The Energy Information Administration reported a drawdown of 5.8 million barrels in US crude stocks to 415.1 million barrels last week, while analysts expected a drop of 1.3 million ...

Oil prices rose mildly on Wednesday as investors assess the Israel-Iran ceasefire, with prices boosted even further on data that showed strong US demand.   Brent futures rose 0.7% to $67.62 a ...

Oil prices extended their heavy losses on Tuesday and plumbed two-week lows after Israel’s approval of US President Trump’s ceasefire proposal with Iran, reducing concerns about Middle ...

Oil prices rose on Monday during a highly volatile trading session following U.S. alignment with Israel in striking Iran's nuclear facilities over the weekend. Investors are evaluating potential ...

Oil prices rose on Thursday as Iran and Israel continued to bomb each other through the night, with the world waiting to see US President Trump’s decision on joining the ...