By Aaron Sheldrick TOKYO (Reuters) – Oil prices climbed around 3% on Thursday amid escalating tensions in the Middle East as a U.S. official said one of the country’s military drones was shot down by an Iranian missile. The drone was downed in international airspace over the Strait of Hormuz by an Iranian surface-to-air missile, […]
By Noah Browning LONDON (Reuters) – Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by attacks on oil tankers in the Gulf of Oman last week and sent prices higher. Brent futures fell 25 cents, or 0.4%, to $61.76 a […]
By Henning Gloystein and Arpan Varghese SINGAPORE/HOUSTON (Reuters) – World oil markets have undergone a U-turn, switching from supply-side risks like OPEC’s production cuts or U.S. sanctions against producers Iran and Venezuela, analysts said, to concerns of slowing consumption amid fears of a global recession. As a result, crude oil prices have turned a 45% […]
By Alex Lawler LONDON (Reuters) – Oil steadied above $62 a barrel on Tuesday as firmer equities and expectations OPEC and its allies will keep withholding supply countered concern about slowing economies and demand. Russia said on Monday it might support an extension of OPEC-led supply cuts that have been in place since January, while […]
By Colin Packham and Henning Gloystein SYDNEY/SINGAPORE (Reuters) – Oil prices fell by more than 1% on Friday and were on track for their biggest monthly fall since November as trade conflicts spread and U.S. crude output returned to record levels. Front-month Brent crude futures, the international benchmark for oil prices, were at $65.97 at […]
By Aaron Sheldrick and Henning Gloystein TOKYO/SINGAPORE (Reuters) – Oil prices rose on Thursday after an industry report showed a bigger-than-expected decline in U.S. crude inventories, although concerns that the U.S.-China trade war will trigger an economic downturn kept a lid on gains. Brent crude futures, the international benchmark for oil prices, were at $69.85 […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices were mixed on Monday, with U.S. crude under pressure from Sino-American trade tensions, while Brent prices were supported by OPEC’s supply cuts. Front-month U.S. West Texas Intermediate (WTI) crude futures were at $58.43 per barrel at 0700 GMT, down 20 cents, or 0.3%, from their last settlement. […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices recouped around 1% on Friday but were on track for their biggest weekly loss this year after swelling inventories and jitters over an economic slowdown led to big falls earlier in the week. Brent crude futures were at $68.48 per barrel at 0654 GMT, up 72 cents, […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dropped by around 1% on Thursday, extending falls from the previous session amid surging U.S. crude inventories and weak demand from refineries. Brent crude futures, the international benchmark for oil prices, were at $70.36 per barrel at 0652 GMT, down 63 cents, or 0.9%, from their last […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year. But gains were checked by concerns that a prolonged trade war between Washington and Beijing could lead to a global economic slowdown. Brent crude futures, the […]
