Economic fears to cap oil prices below $90 through 2023
May 31, 2023 Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a barrel…
Oil prices drop over persistent glut caused by COVID-19
Oil prices fell on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of…
Oil prices climb to highest in three months on renewed U.S.-China trade deal hopes
Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest…
Oil prices edge up on trade-talk optimism, OPEC meeting
Oil prices inched higher on Monday, extending steady gains from the previous week, with investors awaiting fresh clues over prospects for a trade deal between the United States and China…
Oil prices recover after output from U.S, Russia, OPEC fell
Oil prices rebounded on Tuesday on reports that production at the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns continued…
Oil prices fall as China’s economic outlook still weak
Oil prices slipped on Monday as China’s economic outlook remained weak even as manufacturing data improved as an ongoing trade war with the United States weighs on demand growth at…
Oil heads for 7% weekly gain after Saudi attacks
Oil prices were on track for their biggest weekly jump since January, lifted by rising Middle East tensions after a key Saudi Arabian supply hub was knocked out by an…
Oil surges after attack on Saudi oil facilities shuts in 5% of global supply
Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday…
Global stocks dipped as new U.S-China tariffs sour global outlook
Global stocks Global stocks dipped on Monday after the United States and China imposed new tariffs on each other’s goods, reinforcing investors’ worries over slowing global growth, with no…
Oil gains as Middle East Gulf tensions flare, Libya field shut
Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East and after Libya…