Crude oil sinks again as spectre of US slowdown alarms investors
Oil retreated along with other key commodities as concern over a global economic slowdown intensified, with Federal Reserve Chair Jerome Powell warning a US recession is possible.
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Oil rises to three-month high as Saudis signal demand confidence
Oil extended gains to the highest level in almost three months after Saudi Arabia signalled confidence in the demand outlook by increasing the price of its crude for Asia by more than expected.
Oil steadies after four-day surge as US product markets run hot
Oil steadied after closing at the highest level in almost eight weeks as traders weighed strength in key products markets and data from China that signalled a possible easing of some anti-virus lockdowns.
Oil extends gains as investors weigh Russian ban, China outlook
Oil advanced for a third day, bookending another tumultuous week of trading as investors weigh the prospect of a European Union ban on Russian crude imports and uncertainty over China’s virus resurgence.
Sorry, but for you, oil trades at $250 a barrel
If you are the owner of an oil refinery, then crude is trading happily just a little above $110 a barrel — expensive, but not extortionate. If you aren’t an oil baron, I have bad news: it’s as if oil is trading somewhere between $150 and $275 a barrel.
Oil swings as traders weigh up G-7 crude ban, Saudi price cuts
Oil fluctuated as investors weighed a pledge by the Group of Seven to ban imports of Russian crude against a cut in official prices by Saudi Arabia and the impact of China’s energy-sapping lockdowns.
Oil holds above $105 as demand for fuels offsets China lockdowns
Oil held gains above $105 a barrel as investors weighed higher demand for refined products against a slew of lockdowns in major cities in China.
Oil heads for longest run of monthly gains since early 2018
Oil is poised to eke out a fifth monthly advance after another tumultuous period of trading that saw prices whipsawed by the fallout of Russia’s war in Ukraine and the resurgence of Covid-19 in China.
Oil sinks below $100 as China’s lockdowns imperil demand outlook
Oil pushed lower at the start of the week on concerns that a spreading Covid-19 outbreak in China will weigh on global demand.
Oil holds advance above $100 as Putin vows to continue war
Oil steadied in Asia after rallying back above $100 a barrel as Russian President Vladimir Putin vowed to continue the war in Ukraine, which has rattled markets and tightened global crude supply.
Oil slumps as China’s worsening outbreak raises demand concerns
Oil resumed its decline as China’s virus resurgence worsened, raising concerns about demand from the world’s biggest crude importer.
Oil climbs after two-day drop as investors assess Ukraine talks
Oil rebounded in Asian trading as investors cautiously assessed the outlook for a de-escalation of Russia’s war in Ukraine, which has entered its second month and rattled markets worldwide.
Oil extends losses on China demand concerns ahead of OPEC+ meet
Oil kept falling after capping the biggest loss in almost three weeks on concern that a virus flare-up in China will weigh on global demand.
Oil’s retreat pauses after shedding most of Russian war gains
Oil’s retreat took a breather after giving up most of the gains following Russia’s invasion of Ukraine, with attention turning to the prospect of reduced demand due to a Covid-19 resurgence in China.
Oil extends slump below $100 with retreat gathering momentum
The heat is coming out of the oil market, and fast.
Oil resumes slide after wild week with focus on Ukraine talks
Oil declined following a volatile week of trading after Ukraine’s president said talks with Moscow show signs of becoming more substantive, prompting some cautious optimism about steps toward deescalation.
Decom decision finally looms on fate of controversial Shell Brent legs
A decision is finally on the way for whether Shell will be allowed to leave the giant platform legs of the Brent field in the North Sea forever.
Oil prices hit $139 as Russian embargo talk fuels fears of supply shortage
Oil surged, briefly touching $139 a barrel, in a dramatic start to another tempestuous week after the US said it was discussing a ban on Russian crude imports, fanning supply fears in an already jittery market.
Brent oil rallies above $110 as IEA warns on energy security
Brent oil extended its relentless rally above $110 a barrel before an OPEC+ meeting as the International Energy Agency (IEA) warned that global energy security is under threat following Russia’s invasion of Ukraine.
Oil jumps as more sanctions on Russia spur energy crisis fears
Oil soared at the open as energy and commodity markets were thrown into a state of disarray after Western nations unleashed more sanctions to isolate Russia following its invasion of Ukraine.
Oil hovers around $100 after West holds off on energy sanctions
Oil pushed higher in Asian trading following a wild session in which prices spiked above $100 a barrel before giving up gains after Russian energy supplies were spared from sanctions.
Oil soars past $100 after Russia attacks targets across Ukraine
Brent oil surged above $100 a barrel for the first time since 2014 as an attack by Russia on cities across Ukraine sparked fears of a disruption to the region’s critical energy exports.
World’s most-important oil price tops $100, signals more to come
Forget the futures market, the world’s most important oil price just smashed through $100 a barrel with every sign it is going to push higher.
Oil drops after Russia says some troops returning to bases
Oil fell after Russia said some troops are starting to return to their permanent bases, easing geopolitical tensions that have rallied prices.
Oil extends eight-week rally on intensifying Ukraine tensions
Oil surged at the start of the week as the possibility of war in Ukraine fanned demand, with the US benchmark nearing $95 a barrel.