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Oil Inventory Report: Oil Slips, Headed for Gains this Week

OIL INVENTORY REPORT – Brent slipped further away from the $70 mark after topping that level during the previous session, while West Texas Intermediate...

Brent: Oil Prices Slump on Lackluster Demand Outlook

BRENT – Brent crude futures slipped on Tuesday as the markets prepared for low demand growth for fuel, with the OPEC-led cuts on production...

Oil Prices Slump of Economic and Political Risks

Due to concerns over the apparent economic slowdown, and in spite of the supply cuts by oil cartel OPEC and US sanctions toward Venezuela,...

Oil Prices Firm after Massive Increase Last Friday

Oil prices were steady on Monday in Asia after official data showed Chinese economic slowdown was in line with expectations and not as sharp...

On US-China Negotiations OPEC Supply Decrease

Oil prices increased around 1.5 percent on Monday, pushed up by optimism that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude. Read ,more here!

Oil Prices Climb on OPEC Supply Curb, US-China Talks

Oil priced inched up on Friday, shaking off previous losses after China said it would hold talks with the US government on January 7 to 8 to look for solutions to the trade disputes between the world’s two biggest economic powerhouses. Read more here!

Oil Markets Fall 1 Percent on 2019 First Trading Day

Oil markets slipped by around 1 percent in 2019’s first trading day on Wednesday, dragged down by surging US output and worries about an  economic slowdown in 2019 as factory activity in China, the world’s biggest oil importer, contracted. Read here!

Oil Volatility Caused by US Protectionism

Rising protectionism as well as trade wars and the unpredictable nature of the current US administration have greatly contributed to global oil price volatility over the past couple of years, Russian Energy Minister Alexander Novak said. Read more here!

Brent Crude Oil Higher on Supply Cut

Brent crude oil gained on Monday after producer cartel OPEC and some non-affiliated suppliers last Friday agreed to a supply cut from January. Read more!

Oil Prices Weak as OPEC Delays Supply Cuts

Oil prices slipped on Friday, dragged down by OPEC’s decision to delay a final decision to slash outputs, awaiting support from the non-OPEC but key member Russia. Read more!

Oil Prices Rally after US-China Summit, Qatar Leaves OPEC

Oil prices increased by around 5 percent on Monday after the United States and China agreed to a 90-day ceasefire in their trade war. Read on!