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NEW YORK: Oil prices edged higher on Friday and for the week after a strong recovery from Monday's steep slide, underpinned by expectations that supply will remain tight through the year.
NEW YORK: Oil prices rose about US$1.50 a barrel on Thursday, extending gains made in the previous three sessions on expectations of tighter supplies through 2021 as economies recover from the coronavirus crisis.
NEW YORK: Oil prices rose more than 4% Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in U.S. oil inventories.
NEW YORK: Oil prices rose on Thursday, rebounding from early losses after U.S. government data showed a much bigger drop than expected in crude and gasoline inventories.
SINGAPORE: Oil prices edged higher on Thursday, supported by lower U.S. inventories, as investors waited for a decision from key producers on whether they would maintain or ease supply cuts in the second half of the year.
Physical oil markets run hot before Opec+ meets on crude output
NEW YORK: Oil prices rose on Wednesday, with Brent climbing above US$76 a barrel to its highest since late 2018, after data showed U.S. crude inventories declined as travel picks up.
WASHINGTON: A key spread between monthly oil futures contracts has blown out to the widest level in seven years as traders bet that US crude inventories are about to get a whole lot tighter.
NEW YORK: Oil prices settled higher on Wednesday as a drop in U.S. crude stockpiles reinforced expectations of improving demand ahead of the peak summer driving season, offsetting worries that a possible return of Iranian supply would cause a glut.
NEW YORK: Oil ended little changed on Wednesday after two days of gains despite a sharp drawdown in U.S. crude stocks, as the market weighs the outlook for demand with coronavirus infections still surging worldwide.