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May 5, 2024 · May 5, 2024 at 11:16 PM EDT. Save. Oil advanced after a weekly drop as Saudi Arabia hiked selling prices for grades to Asia for the third month in a row, signaling confidence in the outlook with ...
1 day ago · Brent traded below $83 a barrel after losing 1.3% on Friday, which pushed futures to a second weekly decline. West Texas Intermediate was near $78. Iraqi Oil Minister Hayyan Abdul Ghani initially ...
May 6, 2024 · Earnings and commentary from oil giants BP Plc and Saudi Arabian Oil Co., also known as Aramco, will also come later in the day. To get Bloomberg’s Energy Daily newsletter into your inbox, click ...
3 days ago · 1:11. OPEC+ producers shouldn’t take actions that would push oil prices up and thus boost inflation when they meet next to decide on their oil production cuts, said Fatih Birol, executive ...
Aug 31, 2023 · Updated on. September 1, 2023 at 12:20 PM PDT. Listen. 2:35. Oil prices surged above $85 as a monthslong effort by OPEC+ to reduce supplies gripped the physical market and China showed a new ...
Sep 18, 2023 · Updated on. September 19, 2023 at 1:12 PM PDT. Listen. 3:08. Oil steadied after surging to a 10-month high as broader risk-off sentiment cooled a piping hot rally driven by OPEC+ supply cuts and...
Nov 9, 2023 · Oil inched up as technical gauges signaled that crude’s plunge to a three-month low on Wednesday was overdone. West Texas Intermediate rose 0.5% to settle just below $76 a barrel after a $5 ...
Apr 28, 2024 · 1:52. Oil fell as signs of progress toward a cease-fire between Israel and Hamas reduced crude’s geopolitical risk premium. West Texas Intermediate fell 1.5% to settle below $83 a barrel after ...
Apr 25, 2024 · Oil rose this week amid signs of a tightening physical market while traders continue to assess lingering Middle East risks. West Texas Intermediate edged higher to settle just below $84 a barrel...
