Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil.
Brent crude futures rose by 41 cents, or 0.48%, to trade at $85.75 a barrel. US West Texas Intermediate crude futures went...
Oil prices inched higher on Wednesday as data showing a larger-than-expected US crude drawdown last week outweighed concerns about lower fuel demand from China amid tightening Covid-19 curbs.
Brent crude futures rose 27 cents, or 0.3%, to $88.63 a barrel, while US West Texas Intermediate crude...
Goldman Sachs, an American multinational investment bank and financial services company, lowered its oil price forecast by $10 to $100 per barrel for the fourth quarter of 2022, citing rising Covid concerns in China and lack of clarity over the Group of Seven nations’ plan to cap Russian oil...
Saudi Arabia on Monday said OPEC+ was sticking with oil output cuts and could take further measures to balance the market amid falling prices, denying a report it was considering boosting output, according to state news agency SPA.
The Wall Street Journal reported that an output increase of 500,...
Oil prices dropped to trade near two-month lows on Monday, having earlier slid by around $1 a barrel, as supply fears receded while concerns over fuel demand from China and US dollar strength weighed on prices.
Brent crude futures for January had slipped 74 cents, or 0.8%, to $86.88 a barrel,...
Oil rebounded on Friday as the dollar dipped, but prices were on track for a steep weekly decline on concerns about weakening demand in China and further interest rate hikes by the US Federal Reserve.
Brent crude futures clawed back 64 cents to stand up 0.7% to $90.42 a barrel, but were not far...
Oil prices slid on Wednesday as Covid-19 cases in China continued to climb, sparking worries of lower fuel demand in the world's top crude importer that outweighed concerns about an escalation of geopolitical tensions and tighter oil supply.
Brent crude futures dropped by 60 cents, or 0.6%, to $...
Oil prices pared earlier gains and fell on Monday, dragged down by a firmer US dollar and record high coronavirus cases in major Chinese cities that dashed hopes of the reopening of the economy of the world's biggest crude importer.
Contracts for Brent crude and US West Texas Intermediate had...
Oil prices jumped more than 2% on Friday after health authorities in China, the top global crude importer, eased some of the country's heavy Covid curbs.
Brent crude futures rose $2.39, or 2.6%, to $96.06 a barrel, extending a 1.1% rise in the previous session, Money.usnews.com reported.
US...
Oil prices edged lower as industry data showed US crude stockpiles rose more than expected and on worries a rebound in Covid-19 cases in top importer China would hurt fuel demand.
Brent crude futures fell 9 cents, or 0.1%, to $95.27 a barrel, while US West Texas Intermediate crude futures fell...