Oil prices tumbled more than $5 on Wednesday, with Brent crude oil sliding by 5.6% to $85.81 per barrel and U.S. West Texas Intermediate crude (WTI)...
Supply Constraints and Economic Fears Cast Shadows Over the Oil Market
Brent crude oil edged lower by 8 cents to settle at $84.38 per barrel in the early hours of Tuesday while the U.S. West Texas Intermediate...
Oil prices faced a downward slide on Tuesday as lackluster Chinese economic data coupled with skepticism over the impact of Beijing’s surprise reduction in key policy...
Oil prices rose for the second consecutive day on Friday to extend their bullish run to the sixth week of gains. The surge came after both...
Oil prices opened the new month lower on Tuesday as investors engaged in profit-taking following a substantial rally in July. Brent crude oil, the international benchmark...
Signs of tighter supplies and Chinese economic support buoy oil prices, while Western data adds to uncertainty
Traders and investors have been on edge as they closely monitor the decisions of central banks and geopolitical developments to get clues about possible market direction.
Questions over China's Economy Overshadow OPEC+ Cuts and Declining US Rigs, Impacting Oil Markets
Oil prices declined by 2% on Wednesday as weak Chinese data and a stronger United States dollar dragged on commodity prices.