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Crude Oil Reverts From Year`s Highs

The oil rally was principally a result of the positive market sentiment created by the outlook for fiscal stimulus in the United States and...

U.S. Crude Oil Drops Farther than Expected

It might have been a session of rough trading. However, market analysts consider that crude oil could restart its rally quickly following this week's...

Hong Kong-listed Shares of Oil Giant CNOOC Fell on Friday

It was a tough day for stocks in the Asia Pacific, as shares of oil giant CNOOC in Hong Kong fell on Friday. Interestingly, China...

OIL PRICE ALMOST UNCHANGED AS PRODUCTION RESTRICTIONS

  U.S. West Texas Intermediate crude ended 1 cent higher at $52.25 per barrel. International benchmark Brent crude dropped 33 cents, or 0.6%, to end...

CRUDE OIL SOAR AFTER SAUDI ARABIA SETTLEMENT WITH RUSSIA

Saudi Arabia allowed a deliberate reduction of 1 million barrels per day in February and March to balance an improvement in output from Russia...

U.S. Crude oil Terminates Gains

Oil prices are coming under stress on news that Russia will be driving for a production tour at next month's conference with the Organization...

U.S. Supply Drawdown Supports Crude Oil

Energy prices also surged on news that the United Kingdom and the European Union struck a trade deal just days before the Brexit deadline....

Oil Hit a 9-month High after U.S. Crude Stock Draw

Oil prices hit a nine-month high on Thursday in energy commodities. This came after government data showed a fall in U.S. crude stockpiles last...

Lockdowns Begin to Weigh On Oil Markets

Opec and Energy ICE Brent started the day yesterday on quite a positive note. However, it did not last as later that evening after OPEC...

Oil Prices Up on Vaccine and Tanker Blast in Saudi Arabia

Oil prices were up on Monday, pushing Brent back above $50 a barrel. It was supported by hopes that a rollout of COVID-19 vaccines...

Oil Up on Vaccine Rollout, Worries of Iraq Oilfield Attack

Oil prices were up on Thursday, buoyed by a COVID-19 vaccine rollout in Britain. Additionally, the imminent approval of a vaccine in the United...

Oil Slips over Soaring Coronavirus Cases & Lockdowns

Oil prices declined on Tuesday, adding to losses from the previous session. California tightened its pandemic lockdown through Christmas. COVID-19 cases continued to surge...

Oil Down amid Surging Virus Cases, U.S.-China Tensions

Oil prices fell on Monday as COVID-19 vaccines and OPEC+ deal on oil production cuts were undermined by surging virus cases. They were also...

Oil Falls as Market Awaits OPEC+ and New Data

Oil was down on Tuesday morning in Asia’s commodities. Investors are uncertain about the world’s major producers' extension of output cuts, which would support...

OPEC+ to Discuss Extending Oil Cuts/ Slowly Raising Output

OPEC+ members will consider whether to extend existing oil cuts for three to four months. It will also assess a gradual increase of output...