Saudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to…
Tag: crude oil futures
Oil Prices Settle Down On Fears Of Fed And Oil Profit Tax
Tight supply has been aggravated by a drop in exports from Libya amid a political crisis…
Equities Bounce Back While Yields, Oil Prices Drop
Wall Street closed higher on Tuesday as investors waited for inflation data and worried about the…
Oil Tumbles About 6% As China COVID Lockdowns Weigh
Crude imports by China in the first four months of 2022 fell 4.8% from a year…
Oil Slips On China Demand Worries, While EU Weighs Russia Oil Ban
Oil slipped by more than 1% on Tuesday as concerns about demand due to China’s prolonged…
Oil Eases As China Lockdowns Weigh On Demand Outlook
Brent crude futures rose 15 cents to $107.74 a barrel by 0410 GMT while U.S. West…
Oil Rises As Libya Outage Adds To Supply Woes, Shanghai Prepares To Reopen
Brent crude futures rose to $113.77 a barrel on Tuesday morning, while U.S. West Texas Intermediate…
Oil Drops 2% Amid Russia-Ukraine Peace Talks, China Lockdowns
Brent crude and West Texas Intermediate fell 7% on Monday followed by a second 7% drop…
Oil Prices Dive As U.S. Considers Record Reserves Release
The United States is considering releasing 180 million barrels of crude from its Strategic Petroleum Reserve.…