Supply deficit forecast sparks oil price rally

Oil prices rose on Monday, as signs of improving demand in the U.S. and China, the top two oil consumers, aided the bounce from the previous session’s $1 a barrel slide. U.S. West Texas Intermediate crude

Oil prices rose in early trade on Thursday as shrinking U.S. crude inventories signalled tighter supply, and amid rising hopes that the Federal Reserve would cut interest rates by the end of the year. Brent crude

Oil prices edged higher on Tuesday after Israel struck Rafah in Gaza, while negotiations for a ceasefire with Hamas continued without resolution. Brent crude futures were up 9 cents, or 0.11%, at $83.42 per barrel at

Oil prices rose on Thursday on the prospect the US may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about US interest rate

Oil prices rose in early trade on Friday, as players took stock of the U.S. Treasury secretary’s comments that the country’s economy is likely in a stronger position than indicated by weak first-quarter data, coupled with

Oil prices gained on Tuesday after stronger economic data out of Europe, as investors also weighed the potential fallout from any fresh U.S. sanctions on Iran’s oil exports with tensions remaining high in the Middle East.

Oil rates increased on Tuesday due to ongoing tensions in the Middle East and positive economic indicators from China, the world’s largest oil importer. Brent crude, the international benchmark, was trading at USD90.50 per barrel, marking

Angola’s rich history of oil production – dating back to its first commercial discovery in 1955 – has been a cornerstone of the nation’s economic development, with the sector accounting for 75% of the government’s revenue.

Oil prices rose on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of supplies from the Middle East, offsetting a bigger-than-expected build in U.S. crude

“Given the abundance of undiscovered onshore gas resources in Romania, it is baffling that the Government of Romania has not changed its policies to encourage gas producers to increase their investment in the exploration and development

Oil prices rose on Monday, adding to recent gains amid expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries and as upbeat Chinese manufacturing data supported outlooks for improving demand. Brent crude rose 29

The price of Brent crude oil surged to $85.67 and the West Texas Intermediate crude rose to $80.88 per barrel, according to Reuters. The rise is attributed to concerns over tighter global supply brought about by

Oil prices ticked up in Asian trade on Monday, extending gains from last week of nearly 4% on the view that supply was tightening, with the risks heightened by further attacks on Russian energy infrastructure. Brent

Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. gasoline stocks and potential supply disruptions after Ukrainian attacks on Russian refineries.

Oil prices rose in Tuesday trade as geopolitical tensions in the Middle East continued to spur concern, but gains were limited on bearish demand sentiments and as the market waited for monthly reports from oil agencies.

Oil prices rose on Friday, boosted by higher demand in the US and the possibility of the Federal Reserve cutting interest rates in the world’s largest economy. Brent, the benchmark for two thirds of the world’s

Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid output cuts by major producers overrode demand concerns in China and the U.S., the world’s two biggest crude consumers.