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Oil market

Oil Steady in Undersupplied Market but Virus Clouds Demand

LONDON (Reuters) - Oil prices were steady on Monday as the spread of the COVID-19 Delta variant stoked fears over future fuel demand, though crude supply looks set to be ...
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Oil Extends Gains Despite Rise in U.S. Inventories

Oil prices rose on Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in U.S. oil inventories last week and ...
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Oil Up, but on Track for Biggest Weekly Drop in Months

Oil prices rose on Friday but remained on track for their biggest weekly drop since at least May after expectations of more supply spooked investors.Brent crude was up 37 cents, ...
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Oil Prices Extend Losses on Expected Supply Increase

Oil prices fell on Thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as U.S. fuel stocks rose, raising concerns over ...
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Crude Oil Growth Impulse Questioned on Supply Increase

Oil is losing for a second consecutive day on fears of oil supply expansion from both OPEC and the US.Despite some contradictory reports, there is still a growing chance that ...
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U.S. Crude Stockpiles Fall for Eighth Week in a Row EIA

(Reuters) -U.S. crude oil stockpiles fell for the eighth straight week last week, as renewed vigor in the U.S. economy continues to drive higher fuel demand, the Energy Information Administration ...
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Oil Rises on Expected Further Draw in U.S. Crude Inventories

Oil prices climbed on Tuesday, reversing some of the previous day’s losses, as tight supply and expectations of a further draw in U.S. crude inventories provided support, although fears over ...
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Oil Trades Higher on Expectations for Fall in Inventories

Oil futures traded mostly higher on Tuesday, finding support on expectations for another decline in U.S. crude inventories, though worries over the spread of the delta variant of the coronavirus ...
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Oil Falls 1 as Economic Worries Offset Tightening Supplies

Oil prices slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.17, or ...
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Oil Turmoil Reminds Markets of Inflation Pain Points

LONDON (Reuters) - OPEC brinkmanship has taken oil prices towards $80 a barrel, the highest since 2018, threatening to upend central banks’ transitory inflation narrative as well as the post-pandemic ...
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Oil Prices Stabilize as OPEC Uncertainty Persists

Oil futures rose Wednesday, stabilizing after the previous session’s slide, as investors continued to weigh the implications of a standoff between OPEC members over output.West Texas Intermediate crude for August ...
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Oil Prices Extend Gains after OPEC Talks Called off

Oil prices extended gains to hit some of their highest levels since 2018 after OPEC+ discussions were called off, heightening expectations that supplies will tighten further just as global fuel ...
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ColumnHedge Funds await OPEC Oil Output Decision Kemp

LONDON (Reuters) - Hedge funds made few changes to their petroleum positions last week while traders awaited a decision on production levels by the Organization of the Petroleum Exporting Countries ...
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Oil Rises as OPEC Seeks to Break Impasse over Output Pact

Oil prices rose on Monday, driven higher by a disagreement inside OPEC+ about output policy that led to a third day of talks to try to break an impasse among ...
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Oil Steady as U.S. Stockpiles Fall, OPEC Warns of Possible 2022 Glut

Oil prices were broadly steady on Wednesday, heading for monthly and quarterly gains, after some data suggested U.S. crude stockpiles were shrinking while an OPEC report warned of a possibly ...
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