By Ahmad Ghaddar LONDON (Reuters) – Oil prices eased on Thursday, although a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran all limited losses. Brent crude futures were at $71.49 a barrel at 0943 GMT, down 13 cents from their last close and further […]

(Bloomberg) — Shares of Juventus Football Club (MI:JUVE) dropped as much as 24 percent after the Italian team was knocked out of Europe’s elite club competition by Dutch outsiders AFC Ajax NV (AS:AJAX) on Tuesday. The Amsterdam-based club’s stock soared. Juventus, whose stock lost about 400 million euros ($453 million) in market value at its […]

By Jane Chung SEOUL (Reuters) – Oil prices rose for a second day on Wednesday on signs of strong demand from refineries in China, the world’s second-largest crude user, amid tightening supply as producers curtail output and as oil inventories in the United States fell unexpectedly. International benchmark Brent crude oil futures rose 29 cents, […]

By Alex Lawler and Roslan Khasawneh LONDON/SINGAPORE (Reuters) – Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts. Analysts on average expect U.S. crude stockpiles to have risen by 1.9 million barrels last week, the fourth […]

By Aaron Sheldrick TOKYO (Reuters) – Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply. Brent crude oil futures were at $71.44 a barrel at 0629 GMT, down 11 cents, or 0.2 percent, from their last close, […]

By Shadia Nasralla LONDON (Reuters) – Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a tightening market, already underpinned by a production reduction deal from OPEC and its allies. Brent crude oil futures were at $71.39 per barrel at 0832 GMT, up 56 cents from their […]

By Noah Browning LONDON (Reuters) – Global oil supply dropped in March as U.S. sanctions and power outages pushed Venezuela’s crude output to a long-term low of 870,000 barrels per day (bpd), the International Energy Agency said on Thursday, even lower than OPEC reported the day before. “The blackouts are an additional challenge for Venezuela’s […]

By Henning Gloystein SINGAPORE (Reuters) – Oil prices inched up on Wednesday amid supply cuts by producer group OPEC and U.S. sanctions on oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption. International benchmark Brent futures were at $70.76 per barrel at 0652 GMT, up 15 […]

By Alex Lawler LONDON (Reuters) – Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply already squeezed by OPEC cuts and U.S. sanctions on Iran and Venezuela. Supply curbs led by the Organization of the Petroleum Exporting Countries have underpinned a more […]

By Rania El Gamal and Stephen Kalin RIYADH (Reuters) – The Saudi energy minister said on Monday it was premature to say whether a consensus existed among OPEC and its allies to extend oil supply cuts, but a meeting next month would be key. A joint OPEC and non-OPEC ministerial committee known as the JMMC […]