The OPEC announcement over the weekend was widely seen as a plan to add back production from members’ current coordinated ...
Inventories are now at 340.2 million barrels—the highest level since March of 2023, but still well below the 656 million ...
Oil prices are under pressure as bearish sentiment builds due to OPEC+ underwhelming the market with its commitment to extend ...
Investing.com-- Oil prices fell to four-month lows Tuesday, as OPEC+ signaled it will begin tapering off its production cuts this year just as demand worries intensified following weak data from major ...
Consumer expectations: Falling oil prices can lead to a general expectation of easing inflation among consumers, especially ...
July WTI crude oil (CLN24) on Monday closed down -2.77 (-3.60%), and July RBOB gasoline (RBN24) closed down -8.18 (-3.39%). Crude oil and gasoline prices tumbled to 3-month lows on Monday. Crude ...
Brent crude futures fell $1.14 to $77.22 a barrel at 0825 GMT, while U.S. West Texas Intermediate crude futures eased $1.23 ...
The detailed plan to unwind the extra cuts “makes it harder to maintain low production if the market turns out softer than ...
Investing.com-- Oil prices fell to four-month lows Tuesday, as OPEC+ signaled it will begin tapering off its production cuts this year just as demand worries intensified following weak data from major ...
Oil prices fell Monday as the OPEC+ group of major crude producers signaled they would start to unwind output cuts later this ...
On Monday, oil prices experienced a significant drop as investors assessed a complex agreement announced by the OPEC+ alliance, which involves extend ...
Similarly, U.S. West Texas Intermediate (WTI) crude futures fell by 17 cents, or 0.2 percent, to USD74.05 per barrel, nearing the four-month low it reached after a 3.6 percent fall the previous day.