Oil Settles Shy Of $120 A Barrel On OPEC+ Deal, Saudi Pricing

Saudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to…

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…

Oil Settles Up Despite OPEC+ Output Hike Plan; Supply Still Tight

OPEC+, on Thursday agreed to boost output by 648,000 barrels per day (bpd) a month in…

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.…