oil prices

About 3% of oil prices fell on Monday as soaring Omicron Coronavirus cases in Europe and the United States prompted investor concerns that new regulations to combat its spread could harm fuel demand. Brent crude futures are down 2.6%, at…

Oil prices fell on Thursday, with WTI crude trading around $68.3 a barrel, after OPEC+ agreed on Wednesday to continue a policy of phasing out record production reductions by adding 400,000 barrels per day each month until the end of…

Oil prices plunged around 2% on Monday, extending last week's slump of more than 8%, amid the rising US dollar and mounting fears that the rapid spread of the Delta variant globally may cloud the demand outlook. In China, there…

Oil prices rose slightly on Tuesday after tumbling more than 4% on Monday, with WTI crude trading at $71.28 a barrel, while Brent oil at $72.9 a barrel, after a preliminary Reuters poll showed that US crude and product inventories likely…

Oil prices dropped by around 0.5% on Monday, with West Texas  Oil (WTI) trading below $72 a barrel and Brent crude below $74 a barrel, amid worries over a slowdown in global oil demand after some countries posted record daily increases and…

Oil prices increased on Tuesday after plunging more than 8% in the prior session as OPEC+ agreed to raise output and as the Delta variant of COVID-19 clouded the outlook on fuel demand recovery. After an initial setback and…

Brent crude futures were trading around $75 a barrel on Tuesday, buoyed by optimism over strong demand recovery and the breakup of Iran nuclear talks without an agreement.   Ebrahim Raisi, who is subject to US sanctions, won the…

Oil prices increased on Friday, recovering from three days of losses, as traders were upbeat about fuel demand recovery this summer as vaccination programs in Europe and the US would allow more people to travel. Meantime,…

Brent crude futures dropped more than 1% to below $68 a barrel on Tuesday, after OPEC+ revised oil demand for the second quarter lower by 300,000 bpd. Still, the organization expects demand to rise by 5.95 million bpd this…

Oil prices have fallen again as a catastrophic second wave of a coronavirus epidemic in India cut short a recovery in oil demand there, offsetting optimism about a strong rebound in demand in developed countries and China in the second half…