The OPEC announcement over the weekend was widely seen as a plan to add back production from members’ current coordinated ...
Consumer expectations: Falling oil prices can lead to a general expectation of easing inflation among consumers, especially ...
Inventories are now at 340.2 million barrels—the highest level since March of 2023, but still well below the 656 million ...
Oil prices are under pressure as bearish sentiment builds due to OPEC+ underwhelming the market with its commitment to extend ...
Most stock markets in the Gulf were subdued in early trading on Tuesday on falling oil prices as traders worried about supply ...
The crude oil market fell yet again on Tuesday, as the markets continue to price in the idea that the economy is falling ...
On Monday, oil prices experienced a significant drop as investors assessed a complex agreement announced by the OPEC+ alliance, which involves extend ...
Investing.com-- Oil prices fell to four-month lows Tuesday, as OPEC+ signaled it will begin tapering off its production cuts this year just as demand worries intensified following weak data from major ...
July WTI crude oil (CLN24) on Monday closed down -2.77 (-3.60%), and July RBOB gasoline (RBN24) closed down -8.18 (-3.39%). Crude oil and gasoline prices tumbled to 3-month lows on Monday. Crude ...
Similarly, U.S. West Texas Intermediate (WTI) crude futures fell by 17 cents, or 0.2 percent, to USD74.05 per barrel, nearing the four-month low it reached after a 3.6 percent fall the previous day.
Crude prices plunge around 3% as investors seem to see signs of imminent oil oversupply after OPEC+'s decision to extend production cuts while signaling that it will phase out the curbs later this ...