Oil Prices Dip Despite Bullish Demand Outlook
Crude oil prices dipped despite a significant U.S. gasoline inventory draw indicating strong demand, as concerns about global economic impact and increased OPEC production weighed on the market.
Top Oil Traders Turn Bearish on Prices, Seeing Oversupply
The mood at Houston’s big annual oil and gas get-together has been upbeat on the prospects for the industry under a fossil fuel-friendly Trump administration. But there’s a significant catch: some of the biggest oil traders are getting more bearish on the outlook for crude prices.
Oil Prices Flat as Near-Term Demand Offsets Wider Economic Fears
Oil prices are broadly flat, with Brent crude at $70.99 a barrel and WTI at $67.69 a barrel. Brent gained in Wednesday’s session before paring some gains, as traders weighed near-term demand strength against broader economic uncertainties,
Oil prices buoyed by weaker U.S. dollar
Oil futures rose Wednesday, finding support from a weaker U.S. dollar as investors navigate intensifying trade tensions and worries about global economic growth.
Oil up on weak dollar, tariff concerns cap gains
Oil prices extended gains on Wednesday, rising over 1%, supported by a weaker dollar, but gains were capped by mounting fears of a U.S. economic slowdown and the impact of tariffs on global economic growth.
Oil Rises on Weaker Dollar But Tariff Fears Batter Sentiment
Oil edged higher in early trade on a weaker dollar, but gains remained capped by growing concerns over global trade.
Oil prices gain as risk-off sentiment subsides and U.S. gasoline demand climbs
Oil prices climbed Wednesday as the "risk-off attitude" in the financial markets subsided, at least for now, said Tariq Zahir, managing member at Tyche Capital Advisors. Prices also got a boost a
Oil prices tick lower as IEA warns trade tensions will undercut demand
Oil futures headed lower on Thursday after the International Energy Agency’s monthly report underscored worries that rising ...
What Will Geopolitical Uncertainties Do To Crude Oil Prices?
The price of nearby WTI crude oil futures has not been materially under $65 per barrel in almost four years, but that level ...
Crude oil market share battle may be kicking off in Asia
A new scramble for crude oil market share in Asia may be kicking off as top exporters Saudi Arabia and Russia move to boost ...
HighPeak Energy: Oil Cut Declines From 81% In Q4 2023 To 72% In Q4 2024
HighPeak's Q4 2024 oil production dropped 12% YoY despite higher total output. Discover 2025 projections and the impact on ...
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Africa’s Oil and Gas Investment to Hit $43 Billion in 2025
Africa's oil and gas sector is set to attract $43 billion in investments in 2025, with projections indicating a decade-high ...
Oil Gains 2% After Gasoline Stocks Draw
Oil prices extend gains, rising more than 2% after the latest U.S. data pointed to a large drop in gasoline inventories and cooling inflation. The U.S. oil gauge WTI is up 2.3% at $67.73 a barrel, ...
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Energy analyst predicts $80 oil by 2027 despite current $65 price
Dan Pickering anticipates $80 oil by 2027, citing industry discipline and geopolitical factors, despite current prices near ...
How low can the oil price go? Here's Citi's 2025 forecast
The oil price has plunged 15% since January, pressuring ASX 200 stocks like Woodside and Santos. Here’s what to expect in the ...
Russian Oil Exports Almost Intact But Prices Take Hit, IEA Says
Russian oil exports edged lower in February following the imposition of the latest round of US sanctions, but widening price discounts curbed revenues, according to the International Energy Agency.
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Oil Prices Start the Week Lower on Tariff Fallout
Crude oil prices began the week with losses due to trade tensions from tariffs, Saudi Arabia's price cuts, and weak Chinese ...