Oil prices set for best week in two months on demand outlook LONDON: Oil prices were stable on Friday and on course for their best week in more than two months after solid... Updated 14 Jun, 2024 03:35pm
Markets Oil edges higher as US data offsets impact of Fed rate-cut outlook NEW YORK: Oil prices rose slightly on Thursday in up-and-down trade, pressured by rising U.S. crude and fuel... Updated 13 Jun, 2024 11:31pm
Markets Oil little changed as surprise crude stock build caps gains HOUSTON: Oil prices were broadly steady on Wednesday after three key forecasters predicted that global oil... Published 13 Jun, 2024 06:59am
Markets Oil prices marginally up HOUSTON: Oil prices edged slightly higher on Tuesday as OPEC stuck to its forecast for relatively strong growth in... Published 12 Jun, 2024 06:51am
Markets Oil prices gain 2% to one-week high on hopes of higher summer fuel demand NEW YORK: Oil prices climbed about 2% to a one-week high on Monday, buoyed by hopes of rising fuel demand this... Updated 10 Jun, 2024 09:18pm
Markets Oil dips on deflated US interest rate cut expectations NEW YORK: Oil prices edged down on Friday and posted a third straight weekly loss as investors weighed OPEC+... Published 09 Jun, 2024 03:10am
Markets Oil up after European, Denmark central bank rate cuts HOUSTON: Oil prices rose on Thursday as the European Central Bank cut interest rates for the first time in roughly... Published 07 Jun, 2024 06:24am
Markets Oil extends gains with September Fed rate cut in focus LONDON: Oil extended gains on Thursday, as support from growing expectations of an interest rate cut from the U.S.... Updated 06 Jun, 2024 05:36pm
Markets Oil eases as US crude, fuel stock builds bolster demand jitters HOUSTON: Oil prices edged lower on Wednesday as a surprise build in US crude stocks and larger-than-expected rise in... Published 06 Jun, 2024 03:09am
Markets OPEC+ extends oil cuts to third quarter, discusses 2025, sources say LONDON/DUBAI: OPEC+ agreed on Sunday to prolong its deep oil output cuts in 2024 and was discussing extending them... Published 02 Jun, 2024 06:02pm
Markets Oil stabilises ahead of US inflation data and OPEC+ meeting LONDON: Oil prices held steady on Friday as investors awaited U.S. inflation data for clues on the demand outlook... Updated 31 May, 2024 05:19pm
Markets Oil prices steady before stocks and inflation data, OPEC+ meeting LONDON: Oil prices were broadly steady on Thursday, ahead of U.S. crude oil stockpiles data, inflation data and an... Updated 30 May, 2024 05:28pm
Markets Oil steadies as OPEC+ restraint balances interest rate concerns LONDON: Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2... Updated 28 May, 2024 04:38pm
Markets Iran raises June crude prices to Asia SINGAPORE: Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at... Published 27 May, 2024 09:45am
Markets Oil rises ahead of inflation data after downbeat week HOUSTON: Oil prices rose by more than $1 per barrel in muted trade owing to public holidays in Britain and the... Updated 27 May, 2024 10:06pm
Markets Oil creeps back up after three days of losses LONDON: Oil prices crept up on Thursday, clawing back some of the previous three days’ losses despite the U.S.... Updated 23 May, 2024 05:04pm
Markets Oil slips for third day on prospect of US rates staying high NEW YORK: Oil prices fell nearly 1% on Wednesday, retreating for a third straight day on expectations that US... Published 23 May, 2024 05:16am
Markets Oil falls 1% as sticky US inflation weighs on demand at the pump HOUSTON: Oil prices fell more than 1% on Tuesday as lingering U.S. inflation was poised to keep interest rates... Updated 21 May, 2024 09:30pm
Markets Oil steadies after death of Iran’s president, Saudi king’s ill health LONDON: Oil prices held steady on Monday amid political uncertainty in major producing countries after Iran’s... Updated 20 May, 2024 05:37pm
Markets Oil prices gain on hopes of demand NEW YORK: Oil prices settled about 1% higher on Friday, with global benchmark Brent crude recording its first weekly... Published 19 May, 2024 03:00am
Markets Oil rebounds, gains 1% after US crude draw, lukewarm inflation data NEW YORK: Oil prices rose nearly 1% on Wednesday from a two-month low in the prior session as the market balanced... Updated 16 May, 2024 12:34am
Markets OPEC sticks to oil demand view, shifts key forecast to OPEC+ LONDON: OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would... Published 14 May, 2024 05:54pm
Markets Oil dips as US data suggests inflation stickier than expected LONDON: Oil prices edged lower on Tuesday, after US data suggested inflation remains sticky, while OPEC maintained... Updated 14 May, 2024 07:47pm
Markets Oil holds near one-week high on rising demand hopes after China, US data NEW YORK: Oil prices held near a one-week high on Thursday as data from China and the U.S. that signalled demand in... Updated 09 May, 2024 11:12pm
Markets Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices LONDON: Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the... Updated 06 May, 2024 04:50pm
Markets Oil prices set for steepest weekly drop in 3 months LONDON: Oil prices edged higher on Friday yet remained on course for their steepest weekly loss in three months... Updated 03 May, 2024 05:37pm
Markets Oil slides to 7-week low NEW YORK: Oil prices fell to a seven-week low for the second consecutive session on Thursday, weighed by weakening... Published 03 May, 2024 06:29am
Markets Oil falls to 7-week low on surprise build in US storage, Middle East ceasefire hopes US Energy Information Administration says energy firms added surprise 7.3 million barrels of crude into stockpiles during week ended April 26 Updated 01 May, 2024 08:36pm
Markets Oil edges higher as investors eye Mideast talks, rates meeting LONDON: Oil edged up on Tuesday a day after falling as Israel-Hamas talks offered hopes of a ceasefire even as Red... Updated 30 Apr, 2024 05:53pm
Markets Oil down on Israel-Hamas peace talks NEW YORK: Oil prices fell by more than $1 a barrel on Monday as Israel-Hamas ceasefire talks in Cairo tempered fears... Published 30 Apr, 2024 03:43am