Inventories are now at 340.2 million barrels—the highest level since March of 2023, but still well below the 656 million ...
Oil prices continued to fall on Tuesday, June 4, as traders were concerned about weak U.S. economic data and news that OPEC+ ...
The OPEC announcement over the weekend was widely seen as a plan to add back production from members’ current coordinated ...
Oil prices are under pressure as bearish sentiment builds due to OPEC+ underwhelming the market with its commitment to extend ...
Some commodities can serve as barometers of economic activity, and the recent sharp declines in diesel, oil, and copper ...
The sharp fall in crude oil prices following OPEC+'s latest policy move was largely amplified by short selling and movements in the options market, according to some analysts. Crude benchmarks lost ...
Consumer expectations: Falling oil prices can lead to a general expectation of easing inflation among consumers, especially ...
Oil prices slid Monday as the OPEC+ group of major crude producers signalled they would start to unwind output cuts later ...
RAC senior policy officer Rod Dennis said: “A month of decreasing fuel prices should be seen as a good one for drivers, but ...
Crude prices plunge around 3% as investors seem to see signs of imminent oil oversupply after OPEC+'s decision to extend production cuts while signaling that it will phase out the curbs later this ...
If oil prices were to fall further this year it could improve the economic outlook by offering some relief to central banks grappling with persistent inflation. Yet it would also threaten revenue ...
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 ...