Oil prices rise by more than 2% on global markets

Oil prices saw a rebound of more than $1 a barrel on Monday after the producer group OPEC+ opted to raise output in July by the same margin as in each of the preceding two months, providing relief to market participants who had anticipated a more …

ASX falls as oil prices undercut Energy sector

ASX slips 0.24pc in trade Falling oil prices drive energy and utilities stocks lower Gold ticks up, lifting ASX All Ords Gold Index 0.85pc The ASX fell 0.24% during the session, experiencing broad weakness on the back of renewed tariff war concerns. The …

Economic reforms target forex gap as oil prices dip

After declining for four consecutive months, the foreign exchange reserves are beginning to rise gradually amid low oil prices, FELIX OLOYEDE reports The country’s external reserves have declined in the first four months of the year, standing at $37.9bn at …

Asian shares slide as Russia-Ukraine conflict, OPEC+ output plan push oil prices higher

Crude Oil Prices Rise 4% On OPEC+ News And As War In Ukraine Intensifies

(MENAFN- Yolo Wire) Crude %Oil prices are up 4% on news OPEC+ is raising its production at a steady rate, and as the war between Ukraine and Russia intensifies. Brent crude oil, the international standard, is trading at $65.20 U.S. per barrel, while West …

Middle East Crude-Murban retreats; Dubai drifts lower on OPEC+ supply hike

The Middle East crude benchmark spot premium of Murban pulled back on Tuesday after surging in the previous session on lowered export forecasts, while Dubai fell for a second session. Abu Dhabi National Oil Co (ADNOC) has lowered its monthly export …

Oil settles 1% lower after US data shows large builds in fuel stocks

By Arathy Somasekhar HOUSTON (Reuters) - Oil prices settled down just over 1% on Wednesday after U.S. data showed surprisingly large build in gasoline and diesel inventories, swelling fuel supplies with OPEC+ planning more output and trade tensions …

Oil prices up following OPEC+ decision

Singapore: Oil prices rose by more than one dollar per barrel on Monday, supported by the decision of the OPEC+ group to increase production in July by the same amount as in the previous two months. Brent crude futures climbed $1.46, or 2.33%, to $64.24 …

Oil Bulls Bite Back as Prices Defy Expectations

OPEC+ did what everyone expected it to do last weekend, announcing another production ramp-up. Prices, however, did something that not everyone expected them to do: they went up. All eyes are now on demand—and the disruption of supply. The eight members of …

Oil prices hits four-year low; consumers gain, producers brace for impact

Falling oil prices, driven by Trump's policies and increased OPEC+ output, have reached pandemic-era lows, benefiting consumers through reduced inflation and enhanced spending power. However, this situation poses challenges for oil-producing nations, …