Oil little changed as demand concerns overshadow US rate cut buoyancy

Oil little changed as demand concerns overshadow US rate cut buoyancy

Oil prices were little changed on Friday after settling lower in the previous session, the day after the U.S. Federal Reserve cut interest rates for the first time this year, due to worries about fuel demand in the United States. Brent crude futures were down 1 cent at $67.43 a barrel at 0100 GMT, and … Read more

Oil steady as market weighs supply risk from attacks on Russian refineries

Oil steady as market weighs supply risk from attacks on Russian refineries

Oil prices held steady in early trade on Tuesday after rising in the previous session, as market participants contemplated potential supply disruption from Russia after Ukrainian drone attacks on its refineries. Brent crude futures edged up 4 cents to $67.48 a barrel by 0000 GMT while U.S. West Texas Intermediate crude was at $63.32, up … Read more

Oil prices climb after Ukraine attacks hit Russian energy sites

Oil prices climb after Ukraine attacks hit Russian energy sites

Oil prices edged higher on Monday after Ukraine stepped up attacks on Russia, fanning concerns Russian oil supply could be disrupted, while expectations of a cut in U.S. interest rates buoyed the outlook for global growth and fuel demand. Brent crude futures rose 6 cents, or 0.09%, to $67.79 at 0050 GMT, and West Texas … Read more

Oil prices inch up as US bans Chevron from exporting Venezuelan crude

Oil prices inch up as US bans Chevron from exporting Venezuelan crude

BEIJING – Oil prices ticked up in early trading on Wednesday as the U.S. barred Chevron from exporting crude from Venezuela under a new authorization on its assets there, raising the prospect of tighter supply. Brent crude futures rose 47 cents, or 0.73%, to $64.56 a barrel by 0028 GMT, while U.S. West Texas Intermediate … Read more

Oil falls more than 1% on expectations for US-Iran nuclear deal

Oil falls more than 1% on expectations for US-Iran nuclear deal

Oil prices lost nearly $1 in early trade on Thursday on expectations of a potential U.S.-Iran nuclear deal, while an unexpected build in U.S. crude oil inventories last week heightened investor concerns about oversupply. Brent crude futures fell 88 cents, or 1.3%, to $65.21 a barrel by 0055 GMT. U.S. West Texas Intermediate (WTI) crude … Read more

US-China trade talk optimism drives oil prices to weekly gains

US-China trade talk optimism drives oil prices to weekly gains

Oil prices settled nearly 2% higher on Friday and notched their first weekly gains since mid-April as a U.S. trade deal with the United Kingdom turned investors optimistic ahead of talks between top officials from Washington and Beijing. Brent crude futures rose $1.07, or 1.7%, to settle at $63.91 a barrel, while U.S. West Texas … Read more

Oil prices fall by more than a $1 on Chinese economic data

Oil prices fall by more than a  on Chinese economic data

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