Oil rises on US crude stocks fall and possible delay to OPEC+ hike
Oil firmed on Thursday, edging up from multi-month lows, due to a possible delay to output increases by OPEC+ producers and a decline in U.S. inventories, though gains were capped by persistent demand concerns.
U.S. crude oil rises from nine-month low, trades near $71 per barrel after selloff
The U.S. benchmark hit a low of $69.19 earlier in the session, the lowest level since Dec. 13, after plunging more than 4% on Tuesday. U.S. crude and global benchmark Brent have erased all gains for 2024. West Texas Intermediate October contract: $70.72 per barrel, up 38 cents, or 0.55%. Year to date, U.S. crude oil has fallen 1%.
Oil Prices Rise on Large Crude Inventory Draw
Crude oil prices moved higher today after the U.S. Energy Information Administration confirmed a large draw in crude oil inventories
U.S. crude oil rises from nine-month low, trades near $71 per barrel after selloff
Prices are under pressure as the market is worried that supplies will rise as demand falters. U.S. crude oil gained more than 0.5% on Wednesday, rising from a nine-month low amid speculation that ...
U.S. crude oil near $69 per barrel as OPEC+ delays production boost
OPEC+ members have delayed a planned production hike by two months, sources say. Prices also found support as U.S. crude stockpiles fell by nearly 7 million barrels last week. Crude futures sold off this week on worries supply would rise at a time when demand is softening.
Oil settles $1 down as supply set to rise, uncertainty around Fed rate cuts
Oil prices were steady in early trading on Friday as investors weighed supply concerns in the Middle East against signs of ...
Wall Street Journal3d
Oil Prices Rise; Sentiment Remains Bearish Amid Demand Concerns
0100 GMT — Oil prices are higher in early Asian trade after falling ... while the prospect of easier monetary policy has failed to excite investors, they say. Front-month WTI rises 0.35% to $69.44 ...
Kremlin Oil, Gas Revenues Up by Fifth as Demand for Flows Rises
The Russian government’s revenues from taxes on oil and gas surged by a fifth in August from a year ago following soaring ...
Oil prices hold at 14-month low as demand worries offset big US storage withdrawal
Oil prices held at a 14-month low on Thursday as worries about demand in the U.S. and China and a likely rise in supplies out ...
Al-Monitor8h
Can Saudi Arabia afford giga-projects with oil prices under $75 per barrel?
Riyadh could soon run a current account deficit as oil revenue declines amid huge spending commitments toward ambitious ...
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Tourmaline Oil Corp. closed C$14.76 below its 52-week high of C$74.21, which the company reached on November 1st.
UK’s Starmer Warns Far Right Offers ‘Snake Oil’ of Easy Answers
Prime Minister Keir Starmer said he wanted to counter the rise of the far right in the UK by delivering fundamental change to ...
Oil Prices Rise Slightly After Report That OPEC+ Will Pause Output Increase
Oil prices climbed Thursday after Bloomberg reported that OPEC+ had agreed to delay a plan to begin gradually ramping up ...
Tourmaline Oil Corp. stock rises Friday, outperforms market
Tourmaline Oil Corp. closed C$14.07 short of its 52-week high of C$74.21, which the company achieved on November 1st.