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NEW YORK: Oil prices surged more than 15% to their highest level in nearly four months at the open on Sunday after an attack on Saudi Arabia's oil facilities on Saturday that knocked out more than 5% of global oil supply.
SINGAPORE: Oil prices dropped on Thursday, extending falls from the previous session amid surging U.S. crude inventories and weak demand from refineries.
NEW YORK: Oil prices edged up on Friday, stabilizing after an earlier slide driven by U.S. President Donald Trump's criticism of OPEC's role in pushing up global oil prices.
SINGAPORE: Oil prices rose on Friday as both US crude production and inventories declined, pointing towards a tightening market. Strong Chinese oil import data also supported crude prices, traders said.
HOUSTON: U.S. fuel prices surged on Monday as two more Gulf Coast refiners cut output and a third considered reductions, leaving more than 13 percent of the country's refining capacity offline after Tropical Storm Harvey flooded plants and shut seaports.
NEW YORK: President Donald Trump’s budget released Tuesday proposed radically downsizing the US Strategic Petroleum Reserve, arguing that America’s shale boom has lessened the need for an emergency stockpile.
SINGAPORE: Oil prices fell on Tuesday after U.S. President Donald Trump proposed the sale of half the country's strategic oil reserves in his budget plan, just as producer club OPEC and its allies are cutting output to tighten the market
SINGAPORE: Oil edged up on hopes that some planned output cuts agreed by the Organisation of the Petroleum Exporting Countries (Opec) and other producers would be implemented, recovering some ground from losses the previous day over doubts the reductions would rebalance an oversupplied market.