Oil price news
Oil largely unchanged on mixed IEA signals and anticipation of OPEC+ meeting
Oil prices are fluctuating around Tuesday’s levels today on mixed signals from the IEA and on anticipation of the OPEC+ upcoming meeting.
Oil prices rise as supply gets hit by US hurricane and Norway strike
Oil prices have risen today as a hurricane in the US and an oil worker strike in Norway reduce global supplies.
Oil falls as Trump breaks talks on stimulus bill while US stockpiles increase
Oil prices declined today as US President Donald Trump halted negotiations on a new stimulus bill that would support the Covid-19 hit economy, while US crude stocks also increased.
Oil falls on supply-demand balance concerns
Oil prices declined on Wednesday as oil demand seems fragile amid a rise in Covid-19 infections, while supply increases.
Oil falls on market pessimism and Covid-19 persistence
Oil prices declined on Monday as Covid-19 infections continue to increase and on key market participants’ pessimism.
Oil inches up as traders adjust yesterday's decline levels
Oil prices rose a little on Tuesday as the market adjusted the scale of Monday’s decline, but downside risks remain.
Oil starts the week on the back foot
Oil prices are falling today in response to a combination of supply-demand bearish news.
Oil falls as market corrects boosted price levels
Oil prices declined today as the market is correcting the exaggerated price levels reached in yesterday’s session. Meanwhile, Covid-19 demand concerns and US supply return.
Oil prices rises in anticipation of the OPEC+ meeting
Oil prices have inched up today as the market has already priced in oil demand concerns and now awaits for the OPEC+ meeting.
Oil prices head for consecutive weekly losses
Oil prices remain largely flat but head for back-to-back weekly losses, for the first time since the height of Covid-19’s first wave.