HOUSTON (Reuters) -Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows. Brent crude futures settled up $3.72, or 5.03%, at $77.62 a barrel. U.S. West Texas Intermediate (WTI)...
Saudi Arabia is preparing to abandon its unofficial price target of$100 a barrel for crude as it gets ready to increase output,the Financial Times reported on Thursday,citing people familiar with the matter. Meanwhile,two OPEC+sources told Reuters on Thursday that the producer group is set to ...
OPEC+ is likely at its meeting on Thursday to extend its latest round of oil output cuts until the end of the first quarter, four OPEC+ sources told Reuters, to provide additional support for the oil market. "Crude prices look well and truly stuck, with traders unwilling to engage ahead ...
The oil surge over 3% on Thursday, propelled by a weakening dollar and a modestly improved global demand outlook for … Crude Oil News US Storage Withdrawal Sparks 1% Surge in Oil Prices Anna MilesDecember 13, 2023 Oil prices ticked higher by approximately 1% on Wednesday, rebounding from a ...
@realDonaldTrump: Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike - fragile! "You've got to believe we're due for a Trump tweet at some point," said John Kilduff, founding partner at energy hedge fund Again Capital. ...
Oil prices are sliding on Thursday morning CET as geopolitical jitters seem less tense, while rising Covid-19 infection numbers in China are stirring market concern about waning fuel demand, reports Reuters. A barrel of European reference oil Brent sells for USD 91.83 Thursday morning against USD...
Oil prices finished up by more than one dollar a barrel on Thursday as investors returned for the first trading day of 2025. They did so with an optimistic
NEW YORK (Reuters) - Oil prices fell on Thursday after sources said OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying. Rising U.S. crude stockpiles also dragged U.S. futures down by more than $1 a barrel. West Texas Intermediate (WTI...
Elsewhere, Iraq plans to reduce oil output in September as part of a plan to compensate for producing over the quota agreed with the Organization of the Petroleum Exporting Countries and its allies, a source with direct knowledge of the matter told Reuters on Th...
REUTERS.COM- Oil prices rose on Thursday on a reported decline in U.S. crude inventories, and as rebels in Nigeria threatened to attack the country’s petroleum infrastructure. However, prices stayed below recent three-year highs as fuel supplies remain ample and as refineries scaled back operat...