Oil rises 1% as supplies shrink

Oil prices climbed on Monday, reversing some of Friday’s losses, as investors focused on a tight global supply outlook and a last-minute deal that avoided a U.S. government shutdown restored their risk appetite. Brent December crude futures rose

Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Brent crude futures climbed 69

Oil prices rose in early Asian trade on Monday, extending last week’s gains amid expectations of an increasingly tighter market and hopes that China’s latest stimulus measures would revitalize the economy.   WTI Crude prices were trading above $91 per

Oil prices extended their gains on Wednesday, hovering close to a 10-month high amid expectations of a larger supply deficit in the market than was previously estimated. Brent, the benchmark for two thirds of the world’s oil, was trading

Oil prices hit a new high for the year so far after Saudi Arabia and Russia — the world’s biggest crude exporters — said they would extend output cuts by at least another three months. Brent crude, the global benchmark, gained 1.8% to trade

Oil prices gained on Wednesday as U.S. government data showed tighter-than-expected crude supplies, while concerns about the Chinese economy limited gains. Brent crude futures for October rose 37 cents to settle at $85.86 a barrel. The October contract

Oil prices jumped more than 1% on Friday as the dollar firmed ahead of an eagerly awaited speech by the head of the U.S. Federal Reserve for hints on the outlook for interest rates. Brent crude rose 97

Oil prices rose on Thursday after falling for three straight sessions, as the dollar weakened and China’s central bank sought to bolster the property market and wider economy. Brent crude futures rose 67 cents, or 0.8%, to $84.12

Oil prices edged higher on Tuesday as China unexpectedly cut key policy rates for the second time in three months to shore up a sputtering economic recovery, but sluggish economic data from the country put a lid on

When looking for stocks with the potential to multiply in value over the long term, it is important to identify early trends. Two key indicators to consider are a growing return on capital employed (ROCE) and an increasing

Oil prices rose for a second day on Friday, set for their sixth week of gains, after Saudi Arabia and Russia, the world’s second and third-largest crude producers, pledged to cut output through next month. Brent crude futures

Oil prices rose on Friday and notched a fifth straight week of gains as investors were optimistic that healthy demand and supply cuts will keep prices buoyant. Risk appetite in wider financial markets has been fueled by growing

Oil climbed almost 1% on Thursday, recouping losses from the previous session, supported by supply tightness owing to OPEC+ production cuts and renewed optimism on the outlook for Chinese demand and global growth. Crude has posted four consecutive

A year ago, with the outbreak of war in Ukraine and the disruption of energy supplies, Goldman Sachs Research predicted that the oil and gas industry would emerge from a prolonged period of underinvestment and embrace significant new projects. Now,

Oil prices barely moved on Wednesday as markets weighed a possible build in U.S. crude stockpiles and economic concerns against planned supply cuts by the world’s biggest oil exporters and hopes for higher global demand. Brent futures fell 6 cents to

Crude oil price trades with calm positivity to fluctuate around 70.50 level, to keep the bullish trend scenario valid and active, which targets testing 71.55 level as a next station. The EMA50 supports the price from below, reinforcing

Oil prices rose on Monday after a revolt by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world’s largest producers. Brent crude futures