Oil prices rise on supply concerns, Fed rate cut expectations
Oil prices rise on supply concerns, Fed rate cut expectations

Oil prices climbed on Friday, set for a fourth consecutive weekly gain, fueled by concerns over tightening supply due to U.S. sanctions on Russian oil producers and signals from a Federal Reserve official hinting at potential interest rate cuts, reports Reuters. Brent crude futures rose by 13...

Oil prices edge higher on hopes for more China stimulus
Oil prices edge higher on hopes for more China stimulus

Oil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the worlds biggest oil importer, while an anticipated decline in U.S. crude inventories also provided support. Brent crude futures rose 22 cents, or 0.3%, to $73.80 a barrel by...

Oil slightly firmer ahead of OPEC+ supply decision
Oil slightly firmer ahead of OPEC+ supply decision

Oil prices were mostly stable on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring geopolitical tension in the Middle East. Brent crude futures rose 6 cents, or 0.08 per cent, to $72.37 a...

Oil prices edge higher after Russia-Ukraine tensions escalate
Oil prices edge higher after Russia-Ukraine tensions escalate

Oil prices rose slightly on Monday following an escalation in fighting between Russia and Ukraine over the weekend. However, gains were limited by concerns over weak fuel demand in China, the worlds second-largest oil consumer, and projections of a global oil surplus, reports Reuters. Brent...

Oil prices tumble after Israeli attacks spare Iran facilities
Oil prices tumble after Israeli attacks spare Iran facilities

Oil prices tumbled in early Asian trading on Monday with dealers relieved thatIsraeli strikes carried out on Saturday against military targets in Iran had spared the countrys oil installations, reports AFP. The price of North Sea Brent for delivery in December fell by 4.05 percent to $72.97,...