LIVE GRAPH Oil price evolution

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Published News
03/01/2023 Oil prices held in a narrow range on Tuesday, though the outlook for demand was clouded by a weak manufacturing activity survey from China, and a warning from the head of the International Monetary Fund that the global economy faced a tough year ahead. Brent crude futures recovered from their early weakness, when prices fell by $1 a barrel, rebounding to $86.29 a barrel by 0737 GMT, an increase of 0.44%. U.S. West Texas Intermediate crude was at $80.77 a barrel, up by 0.64%.
04/01/2023 Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China's rising COVID cases. Brent futures for March delivery fell to $81.67 a barrel, a 0.5% loss, by 0700 GMT. U.S. crude dropped 0.5%, to $76.54 per barrel.
05/01/2023 The Indian rupee rose against the dollar on Thursday, buoyed by an uptick in most Asian currencies and a further decline in oil prices.The rupee last traded at 82.5550 to the dollar, up from 82.8025 in the previous session. The offshore Chinese yuan, the Korean won and the Malaysian ringgit were all up 0.3% against the dollar. Brent crude futures inched higher to $78.90 per barrel after a near 9.5% decline in the previous two sessions – their worst two-day fall to begin the year in over three decades – on worries over the demand outlook.
06/01/2023 Oil prices rose as much as $1 on Friday, extending gains from the previous session, supported by hopes of a China demand boost and after data showed lower U.S. fuel inventories following a winter storm that hit at the end of the year. Brent crude futures were 1%, higher at $79.44 a barrel at 0645 GMT, after settling 85 cents stronger at $78.69 on Thursday.
09/01/2023 The rally was part of a wider recovery in risk sentiment supported by both the reopening of the world's biggest crude importer and hopes for less-aggressive increases to U.S. interest rates based on recent U.S. data, with Asian equities rising and the dollar weakening. Brent crude was up 2.8%, at $80.79 a barrel by 0913 GMT while U.S. West Texas Intermediate crude rose 2.8%, to $75.81.
10/01/2023 Oil edged lower on Tuesday on expectations that further interest rate hikes in the United States, the world's biggest oil user, will slow economic growth and limit fuel demand. Brent futures for March fell $79.32 a barrel, a 0.4% drop, by 0719 GMT. U.S. West Texas Intermediate crude dipped 0.4%, to $74.34 per barrel.
11/01/2023 Oil prices were broadly steady on Wednesday as market participants were pulled in different directions by an unexpected build in U.S. crude and fuel inventories, global economic uncertainty and China reopening its economy. Moving in and out of negative territory, Brent crude futures were up 0.7%, at $80.63 a barrel by 0921 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 0.6%, to $75.53 a barrel.
12/01/2023 Oil prices - a key catalyst for the Gulf's financial markets - traded mostly flat on Thursday, With Brent crude was flat at $82.67 per barrel as of 0725 GMT.
13/01/2023 Oil prices rose on Friday and were on track to gain over 7% on the week due to solid signs of demand growth in top oil importer China and expectations of less aggressive interest rate rises in the United States. Brent crude futures rose by 0.4%, to $84.34 a barrel by 1420 GMT. West Texas Intermediate (WTI) crude futures gained 0.6%, to $78.83 a barrel.
16/01/2023 Oil prices eased on Monday, though held near 2023 highs, as rising numbers of COVID-19 cases in China clouded prospects for higher demand in at the world's top crude importer as it reopens after ending strict anti-virus curbs.Brent crude fell 0.7%, to $84.66 a barrel by 0745 GMT, while U.S. West Texas Intermediate crude was down 0.6%, at $79.35 a barrel, amid thin trade during a U.S. public holiday.
17/01/2023 Oil prices were mixed on Tuesday after China posted its second-weakest annual economic growth in nearly half a century, though its recent shift in COVID-19 policy underpinned hopes of a recovery in fuel demand this year. Brent crude futures rose 0.8%, to $85.15 a barrel by 0913 GMT. U.S. West Texas Intermediate (WTI) crude was down 0.1%, at $79.79, heading for the first daily loss since Jan. 4 after touching its highest since Jan. 3.
18/01/2023 Oil prices rose on Wednesday to their highest since early December on optimism that the lifting of China's strict COVID-19 curbs will lead to a fuel demand recovery in the world's top oil importer. Brent crude futures were up 1.41%, to $87.13 a barrel by 0942 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 1.7%, to $81.54. Both were at their highest since early December.
19/01/2023 Oil futures fell by about 1% on Thursday, extending losses from the previous day, as a surprise jump in U.S. crude stocks weighed on the market along with fears of a recession that were heightened by disappointing U.S. retail sales and output data. Brent crude futures lost 0.8%, to $84.33 a barrel at 1030 GMT, after earlier easing to $83.76. U.S. West Texas Intermediate (WTI) crude futures declined 1%, to $78.69 a barrel. It earlier fell to a low of $78.13.
20/01/2023 The lifting of COVID-19 restrictions in China is set to increase global demand to a record high this year, the International Energy Agency (IEA) said on Wednesday, a day after OPEC also forecast a Chinese demand rebound in 2023. Brent crude gained 0.4%, to $86.54 a barrel by 0912 GMT. U.S. crude advanced 0.9%, to $81.07.
23/01/2023 Oil prices rose on Monday to $88 a barrel, extending last week's gains on the back of a stronger outlook due to an expected economic recovery in top oil importer China this year. Brent crude was up 0.48%, to $88.05 at 1025 GMT, while West Texas Intermediate (WTI) U.S. crude rose 0.4%, to $81.97 a barrel.
24/01/2023 Crude oil prices slipped on Tuesday on concerns about a global economic slowdown and as preliminary data indicated a bigger than expected build in U.S. oil inventories. Brent futures for March delivery fell 2.3%, to $86.13 a barrel. U.S. crude fell 1.8%, to $80.13 per barrel.
25/01/2023 Brent crude was down to $86.12 a barrel by 1023 GMT after declining 2.3% in the previous session. West Texas Intermediate (WTI) U.S. crude slipped 0.2%, to $79.97, after a 1.8% drop on Tuesday.
26/01/2023 Oil prices rose 1% on Thursday on expectations that demand will strengthen as top oil importer China reopens its economy and on news U.S. crude inventories have risen less than expected. Brent crude futures rose 0.9%, to $86.90 a barrel by 1046 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 0.9%, at $80.90
27/01/2023 Oil prices edged ahead for a second session on Friday, buoyed by stronger-than-expected U.S. economic growth and hopes of a rapid recovery in Chinese demand as COVID-19 cases and deaths plunged from last month's peak levels. Brent futures gained or 0.2%, to $87.65 a barrel by 0724 GMT, while U.S. crude to $81.23 per barrel, a 0.4% gain. Both benchmarks had gained more than 1% on Thursday.
30/01/2023 Oil fell on Monday, giving up earlier gains, as looming interest rate hikes by major central banks and signs of strong Russian exports offset rising Middle East tension over a drone attack in Iran and hopes of higher Chinese demand. Brent crude fell 0.3%, to $86.37 a barrel by 0910 GMT while U.S. West Texas Intermediate crude dropped 0.7%, to $79.16.
31/01/2023 Oil prices fell on Tuesday as the prospect of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. March Brent crude futures fell by 1.19%, to $83.89 per barrel by 0920 GMT. The March contract expires on Tuesday and the more heavily traded April contract fell by 1.07%, to $83.60.
01/02/2023 Oil prices ticked up as the market is looking towards a meeting of OPEC and its allies as well as a Federal Reserve rate decision and U.S. government data on crude and fuel stockpiles on Wednesday. Brent crude futures rose 0.5%, to $85.91 a barrel at 1215 GMT. West Texas Intermediate (WTI) U.S. crude futures rose 0.8%, to $79.49 a barrel.
02/02/2023 Oil prices settled lower on Thursday as U.S. industrial-linked factory orders dipped, while the dollar strengthened, making crude more expensive for non-American buyers. Brent crude futures settled at $82.17 a barrel, shedding 67 cents, or 0.8%. West Texas Intermediate crude (WTI) settled at $75.88 a barrel, 0.7%.
03/02/2023 Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset looming slumps in other major economies. Brent crude futures fell 0.4%, to $81.83 a barrel by 0740 GMT, while U.S. West Texas Intermediate (WTI) crude futures slid 0.5%, to $75.51.
06/02/2023 Oil prices inched higher on Monday, recovering from an 8% fall last week to more than three-week lows, driven by expectations slower growth in major economies may limit fuel use. Brent crude futures rose 0.2, to $80.11 a barrel at 0946 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped a cent to $73.38
07/02/2023 Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey. Brent crude futures were up 0.9%, to $81.72 per barrel at 1334 GMT, while West Texas Intermediate U.S. crude futures rose 1.2%, to $74.98 per barrel.
08/02/2023 Oil rose for a third straight day on Wednesday as investor concern eased about U.S. interest rate hikes and an industry report pointed to a drop in U.S. crude inventories. Brent crude rose 1.2%, to $84.68 a barrel by 0912 GMT. U.S. West Texas Intermediate (WTI) crude climbed 1.2%, to $78.07.
09/02/2023 Oil prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months and signs the U.S. Federal Reserve could keep raising interest rates. Brent crude futures gained $85.39 a barrel by 0856 GMT, while U.S. West Texas Intermediate (WTI) crude futures inched up $78.73 a barrel. Both benchmarks have gained around 7% so far this week.
10/02/2023 Oil prices jumped more than 2% on Friday, heading for weekly gains, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country's oil and oil products.Brent crude futures rose 2.57%, to $86.67 a barrel by 0900 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 2.57%, at $80.07
13/02/2023 Oil prices slumped by about 1% on Monday as investors focused on short-term demand concerns ahead of key U.S. inflation data. Brent crude futures fell 1.3%, to $85.25 a barrel by 1005 GMT after a 2.2% gain on Friday. U.S. West Texas Intermediate crude was down 1.3%, at $78.61 after a 2.1% gain in the previous session.
14/02/2023 Oil prices dipped on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve, while traders look out for U.S. inflation data for further queues. Brent crude futures fell 0.9%, to $85.81 per barrel by 1003 GMT, while U.S. crude futures fell 1.3%, to $79.09 per barrel. Both benchmarks are on track for their biggest daily percentage drop since Feb. 3.
15/02/2023 Oil prices extends losses on Wednesday as a much bigger-than-expected surge in the U.S. crude inventories and anticipation of further interest rate hikes sparked concerns over the prospect of weaker fuel demand and economic recession. Brent crude futures slid 1.3%, to $84.48 per barrel by 0729 GMT, while U.S. West Texas Intermediate (WTI) crude futures shed 1.4% to $77.93.
16/02/2023 Oil prices settled slightly lower on Thursday after trading in a narrow range as the market weighed mixed U.S. economic signals and prospects for a Chinese demand recovery with a build in U.S. crude stockpiles. Brent crude futures settled at $85.14 a barrel, losing 24 cents. U.S. West Texas Intermediate crude (WTI) settled at $78.49 a barrel, shedding 10 cents
17/02/2023 Oil fell almost 3% on Friday and was on course for a weekly decline, pressured by concerns of more U.S. Federal Reserve interest rate hikes that could weigh on demand, and signs of ample supply.Brent crude futures were down 2.8%, to $82.77 a barrel by 1145 GMT, while West Texas Intermediate (WTI) U.S. crude fell 2.6%, to $76.42
20/02/2023 Oil prices rose on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia's plans to rein in supply. Brent crude rose 51 cents, or 0.6%, to $83.51 a barrel by 1210 GMT. U.S. West Texas Intermediate (WTI) crude for March, which expires on Tuesday, was up 0.6%, at $76.77 while the more active April contract gained 0.6% to $77.02.
21/02/2023 Global benchmark Brent crude was down 1.3%, at $82.98 a barrel at 0910 GMT. U.S. West Texas Intermediate crude for March, which expires on Tuesday, was up 43 cents at $76.77.
22/02/2023 Oil prices fell for a third trading session on Wednesday as concerns about fuel demand were stoked by expectations that minutes due from the U.S. Federal Reserve will indicate a need to hike interest rates. Brent crude futures for April delivery fell 1.36%, to $81.92 a barrel by 1025 GMT. West Texas Intermediate (WTI) crude futures for April dropped by 1.55%, to $75.18 a barrel.
23/02/2023 Oil prices stabilised on Thursday after Brent crude posted its biggest one-day loss for seven weeks in the previous session, with gains on Russian supply curbs capped by an expected rise in U.S. inventories. Brent crude futures roser 0.3%, to $80.85 a barrel by 1004 GMT, compared with about $98 a barrel on the eve of Russia's invasion of Ukraine a year ago.
24/02/2023 Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States. Brent crude futures rose 0.8%, to $82.87 per barrel by 0715 GMT. West Texas Intermediate crude futures (WTI) rose 0.8%, to $76.01.
27/02/2023 Oil prices fell in volatile trade on Monday, as a stronger dollar and fears of recession risks offset gains arising from Russia's plans to deepen oil supply cuts. West Texas Intermediate U.S. crude futures (WTI) traded at $75.98 a barrel, 0.5% lower, while Brent crude futures were down 0.6%, at $82.68 a barrel at 0733 GMT.
28/02/2023 Oil prices rose in Asian trade on Tuesday, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further U.S. interest rate hikes dragging on consumption in the world's biggest economy. Brent crude futures for April , due to expire on Tuesday, were up to $82.84 per barrel by 0718 GMT.
01/03/2023 Brent crude was down 0.4%, to $83.04 a barrel at 1240 GMT., U.S. West Texas Intermediate (WTI) crude fell 0.7%, to $76.45
02/03/2023 Oil prices pared early gains on Thursday as signs of a strong economic rebound in top crude importer China were offset by fears over the impact of potential increases to European interest rates. Brent crude futures were up 0.15%, at $84.44 a barrel by 1314 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 0.24%, at $77.88.
03/03/2023 Oil prices fell on Friday, but were poised for a weekly gain as renewed optimism on China's demand recovery overrode recession worries brought by growing crude inventories in the U.S. and tightening monetary policy in Europe. Brent crude futures dipped 0.2%, to $84.57 a barrel at 0739 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 0.2%, at $78.00 a barrel.
06/03/2023 Oil prices slipped on Monday after China set a lower-than-expected target for economic growth this year at around 5%, and as investors cautiously awaited U.S. Federal Reserve Chair Jerome Powell's testimony this week. Brent crude futures were trading down 0.8%, at $85.12 a barrel at 1000 GMT. U.S. West Texas Intermediate (WTI) crude futures were also down 0.7% at $79.09
07/03/2023 Oil prices were little changed on Tuesday after five sessions of gains, with weak oil data from top crude importer China balanced by concern over supply. Brent crude futures fell 0.26%, to $85.96 a barrel by 1043 GMT. U.S. West Texas Intermediate crude was down 0.2%, at $80.30.
08/03/2023 Oil prices fell for a second straight session on Wednesday, driven by fears that more aggressive U.S. interest rate hikes would hit demand, while the market awaited further clarity on inventories. Brent crude futures dipped 0.3%, to $83.07 per barrel by 0730 GMT. U.S. West Texas Intermediate (WTI) crude futures slid 0.4%, to $77.24 a barrel.
09/03/2023 The halt in deliveries from those refineries and slight weakness in the dollar might attract some short-covering, Tamas Varga of oil broker PVM told Reuters, adding that any gains are likely to be capped by the prospect of higher interest rates. Brent crude rose by 5 cents to $82.71 a barrel by 1305 GMT while U.S. West Texas Intermediate (WTI) crude added 6 cents to $76.72. Both benchmarks fell by between 4% and 5% over the previous two days.
10/03/2023 Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States hitting fuel demand. Brent dipped 0.5%, to $81.18 a barrel by 0852 GMT. U.S. West Texas Intermediate crude (WTI) was down 0.7%, at $75.16.
13/03/2023 Oil prices ticked up in Monday's Asian trade, reversing a weak start as a recovery in Chinese demand and a weaker dollar provided support to a market rattled by the prospect possible further U.S. interest rate increases. After initially slipping in early trading, Brent crude futures were up 0.30%, to $83.03 per barrel by 0700 GMT. West Texas Intermediate crude futures (WTI) ticked up by 0.30%, to $76.91 a barrel.
14/03/2023 Oil prices fell more than $1 on Tuesday, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a fresh financial crisis. Brent crude futures were down 1%, at $79.95 a barrel at 0700 GMT. U.S.
15/03/2023 Oil prices rebounded more than 1% on Wednesday, recovering from the previous day's fall, after OPEC's upwards revision for Chinese consumption offset bearish global investor sentiment trigged by U.S. bank failures. Brent crude futures climbed 1.3%, to $78.49 a barrel by 0710 GMT.
16/03/2023 Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed somewhat after Credit Suisse (CSGN.S) was thrown a financial lifeline by Swiss regulators. But, battered by fears of growing stress on banks worldwide, market sentiment remained fragile with both benchmarks giving up some early Thursday gains that saw Brent climb by more than $1. As of 0742 GMT, Brent crude futures were up 0.8% to $74.29 per barrel.
17/03/2023 Oil prices firmed on Friday after a meeting between Saudi Arabia and Russia calmed markets amid strong China demand expectations, but were headed for their biggest weekly falls since December as a banking crisis rocked global financial and oil markets. Brent crude futures firmed to $75 a barrel by 0704 GMT, having snapped three days of losses to settle 1.4% higher on Thursday.
20/03/2023 Oil prices fell on Monday to their lowest in 15 months on concern that risks in the global banking sector and a potential increase to U.S. interest rates could spark a recession that would sap fuel demand. In volatile trading, Brent crude futures for May fell 2.8%, to $70.90 a barrel at 0950 GMT. The U.S. West Texas Intermediate crude contract for April was down 2.8%, at $64.86 before its expiry on Tuesday.
21/03/2023 Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit Suisse eased worries about global banking sector risks that could hit economic growth and reduce fuel demand. Brent crude was up 0.6%, at $74.25 per barrel at 1141 GMT. U.S. West Texas Intermediate (WTI) gained 0.2%, to $67.79.
22/03/2023 Oil slipped in Asian trade on Wednesday, after two straight days of gains, as an industry report showed U.S. crude inventories rose unexpectedly last week in a sign demand may be weakening. Brent futures, which have risen more than 3% this week, were down 0.73%, at $74.77 a barrel at 0755 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 0.85%, at $69.08.
23/03/2023 Oil prices dipped on Thursday, having hit their lowest since late 2021 earlier this week, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world's largest economy, while U.S. crude stockpiles swelled. Brent crude futures were down 0.7%, dropped to $76.15 a barrel at 0929 GMT, while U.S. West Texas Intermediate crude (WTI) dropped 0.9%, to $70.28
24/03/2023 Oil prices fell sharply on Friday amid declining European banking shares and after U.S. Energy Secretary Jennifer Granholm said refilling the country's Strategic Petroleum Reserve (SPR) may take several years, dampening demand prospects. Brent crude fell 3.3%, to $73.41 a barrel by 1031 GMT, while West Texas Intermediate U.S. crude futures dived $2.47, 3.5%, to $67.49 a barrel.
27/03/2023 Oil prices rose on Monday as investors assessed efforts by authorities to rein in concerns over the global banking system while Russian President Vladimir Putin's plans to place tactical nuclear weapons in Belarus ratcheted up tensions in Europe. Brent crude futures were up 1%, at $75.73 a barrel by 0900 GMT. West Texas Intermediate U.S. crude was up 1%, at $69.96
28/03/2023 Crude prices retreated on Tuesday after rallying the previous session, with markets focused on developments in the banking crisis and indications of strengthening demand in China. Prices eased after rising at the fastest pace in more than four months on Monday. West Texas Intermediate U.S. crude was down 0.01%, to $72.80 a barrel. Brent crude futures fell 19 cents to $77.93 a barrel by 0651 GMT.
29/03/2023 Brent crude climbed 0.5%, to $79.07 a barrel by 0802 GMT, while West Texas Intermediate U.S. crude increased 0.8%, to $73.81.
30/03/2023 Brent crude futures fell 0.1%, to $78.23 a barrel at 0630 GMT.
31/03/2023 Oil prices ticked down in Asian trade on Friday as bullish sentiment about Chinese demand and potential Middle Eastern supply disruptions was tempered by uncertainty over U.S. economic data to be released later in the day. Brent futures, which have risen nearly 6% this week, were down 0.42%, at $78.94 a barrel at 0630 GMT. U.S. West Texas Intermediate (WTI) crude fell 0.3%, to $74.15, having gained about 8% this week
03/04/2023 Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in U.S. price data had boosted market optimism. Brent oil futures jumped $83.83 a barrel on news output would be cut by around 1.16 million barrels per day. U.S. crude climbed $3.84 to $79.51, but was off its early peak of $81.69.
04/04/2023 Oil prices rose on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors' attention shifting to demand trends and the impact of higher prices on the global economy. Brent crude futures were up 0.5%, to $85.35 a barrel by 0632 GMT. U.S. West Texas Intermediate (WTI) crude futures were trading at $80.85 a barrel, up 0.5%.
05/04/2023 Oil prices rose on Wednesday, boosted by expectations of U.S. crude inventory declines as well as the latest output cut targets set by the OPEC+ producer alliance. Brent crude futures gained 0.5%, to $85.39 a barrel by 0352 GMT. West Texas Intermediate U.S. crude was up 0.5%, to $81.11 a barrel.
06/04/2023 Oil fell on Thursday as weak U.S. economic data raised concerns over a potential global recession and demand reduction, but benchmark prices were headed for a weekly advance after OPEC+ announced further output cuts and U.S. oil stocks dropped. Brent crude futures fell 0.5%, to $84.58 a barrel by 0616 GMT. West Texas Intermediate U.S. crude dipped 0.6%, to $80.16 a barrel
11/04/2023 Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude stockpiles. Brent crude futures rose 0.8%, to $84.81 a barrel at 0840 GMT, while U.S. West Texas Intermediate futures gained 0.9%, to $80.42 a barrel.
12/04/2023 Oil prices edged up on Wednesday as the market waited for U.S. inflation data later in the day that will likely influence the Federal Reserve's policy on future interest rate hikes. Brent crude gained 0.2%, to $85.80 a barrel as of 0615 GMT, while U.S. West Texas Intermediate rose 0.2%, to $81.66 a barrel.
13/04/2023 Oil prices retreated on Thursday after rising for two sessions, with investors still showing lingering concern over a possible U.S. recession and weaker oil demand. Brent crude fell 0.4%, to $87.01 a barrel by 0630 GMT
14/04/2023 Oil prices edged lower on Friday after the West's energy watchdog warned that output cuts announced by OPEC+ producers could exacerbate an oil supply deficit and hurt consumers. Brent crude futures were down 0.12%, to $85.99 per barrel at 0820 GMT. West Texas Intermediate crude futures (WTI) slipped 0.06%, to $82.11 a barrel.
17/04/2023 Oil prices were steady on Monday as investors eyed Chinese economic data for signs of demand recovery in the world's second-largest oil consumer. Brent crude futures nudged lower to $86.24 a barrel by 0746 GMT
18/04/2023 Oil fell for a second day on Tuesday as upbeat Chinese economic data failed to deflect the focus from a possible increase to U.S. interest rates and wider concern about the growth outlook. Brent crude fell 0.3%, to $84.48 a barrel by 0908 GMT, giving up early gains. U.S. West Texas Intermediate lost 0.4%, to $80.53.
19/04/2023 Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Federal Reserve that could slow growth and dampen oil consumption, offsetting falling U.S. inventories and strong Chinese economic data. Brent crude futures shed 0.4%, to $84.42 a barrel as at 0641 GMT. West Texas Intermediate U.S. crude fell 0.4%, to $80.53 a barrel.
20/04/2023 Oil prices fell to their lowest in about three weeks on Thursday, depressed by a firmer dollar and rate hike expectations which outweighed lower U.S. crude stocks. Brent crude futures were down 1.4%, to trade at $82.00 a barrel at 0819 GMT. West Texas Intermediate crude (WTI) futures dropped 1.3%, to $78.14 a barrel.
21/04/2023 Oil prices eased for the third straight day on Friday and looked set for a hefty weekly loss as softening U.S. economic data and a rise in U.S. gasoline inventories raised concerns about a recession and slower global oil demand. Brent futures for June delivery were down by 0.4%, at $80.80 a barrel at 0630 GMT. West Texas Intermediate crude (WTI) for June delivery fell 0.4%, to $77.06 a barrel.
24/04/2023 Oil prices were steady on Monday as concern over rising interest rates, the global economy and the outlook for fuel demand were balanced by the prospect of tightening supplies. Brent crude slipped 0.3%, to $81.44 a barrel by 1135 GMT. U.S. West Texas Intermediate crude was down 0.2%, at $77.74.
25/04/2023 Brent crude rose to $82.83 a barrel at 0805 GMT, while U.S. West Texas Intermediate crude gained to $78.91. Both contracts rose over 1% on Monday.
26/04/2023 Oil rose on Wednesday after plunging more than 2% in the previous session as reports of falling U.S. crude oil and fuel inventories refocused investors on robust demand in the world's top oil consumer. Brent crude climbed by 0.5%, to $81.17 a barrel by 0723 GMT. U.S. West Texas Intermediate crude gained 0.6%, to $77.55 a barrel.
27/04/2023 Oil prices edged higher on Thursday after a price drop the previous day reversed the supportive impact of a surprise OPEC production cut announced this month. Brent crude was trading at $77.99 a barrel, up 0.39%, at 0947 GMT, while U.S. West Texas Intermediate crude rose 0.3% to trade at $74.52.
28/04/2023 Oil prices were heading for another monthly decline on Friday after disappointing U.S. economic data and uncertainty over further interest rate hikes weighed on the demand outlook. Brent crude futures for June were up 0.5%, at $78.79 a barrel by 0946 GMT while the more actively traded July contract was down to $78.21. Brent is set for its fourth straight monthly fall.
02/05/2023 Oil prices fell in Asian trade on Tuesday, extending losses seen in the previous session, as weak economic data from China and expectations of a U.S. interest rate increase weigh on the market. Brent crude was down 0.3% to $79.07 a barrel by 0615 GMT, while U.S. West Texas Intermediate (WTI) crude fell 0.3% to $75.41 a barrel. Both benchmarks fell by more than $1 in their last session.
03/05/2023 Oil prices extended losses on Wednesday after plunging 5% in the previous session, as investors fretted about the health of the U.S. economy ahead of an expected Federal Reserve interest rate hike later in the day. Brent futures fell 1.4%, to $74.25 a barrel by 0818 GMT, while West Texas Intermediate crude (WTI) fell 1.6%, to $70.51.
04/05/2023 Oil prices rose on Thursday but were unable to claw back the more than 9% decline during the previous three days as demand concerns in major consumers overrode signals that the U.S. may pause its interest rates increases. Brent futures rose 0.7%, to $72.83 a barrel by 0639 GMT. Since Friday, however, Brent has dropped more than 9% and earlier on Thursday fell to as low as $71.28.
05/05/2023 Oil prices rose in Asian trade on Friday, but were poised for a third straight week of losses after markets witnessed dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand. Brent crude rose 0.8%, to $73.10 a barrel at 0545 GMT, while U.S. West Texas Intermediate was up 0.8%, at $69.08 a barrel after four straight days of losses.
09/05/2023 Oil prices fell on Tuesday, relinquishing some of the strong gains of the previous two sessions with the market cautious ahead of U.S. inflation figures for April, which will be key to the Federal Reserve's next interest rate decision. The Brent crude price was down 0.7%, at $76.47 and U.S. West Texas Intermediate (WTI) crude fell 0.7%, to trade at $72.66 at 0650 GMT.
10/05/2023 Oil prices fell on Wednesday, ending a three-day rally as an unexpected rise in U.S. oil inventories sparked demand concerns and investors awaited inflation data for a steer on U.S. interest rates. Brent crude dropped 1.3%, to $76.43 a barrel by 0855 GMT while U.S. West Texas Intermediate (WTI) crude fell 1.3%, to $72.72.
11/05/2023 May 11 (Reuters) - Oil prices rose on Thursday, clawing back some of the previous day's losses, supported by fuel demand data from the United States, the world's top oil consumer. Brent crude rose 0.7%, to $76.93 a barrel by 0828 GMT while U.S. crude futures gained up 0.7%, to $73.04. Both contracts were on track for their first weekly percentage gain in four.
12/05/2023 Oil prices fell on Friday, set for their fourth weekly decline, as renewed economic concerns in the United States and China revived anxieties about fuel demand growth in the world's two largest oil consumers. Brent crude futures dropped by 0.64%, to $74.50 a barrel by 0635 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 0.55%, to $70.48.
15/05/2023 Oil prices were steady on Monday as bullish sentiment about tightening supplies from OPEC+ cuts and a resumption in U.S. buying for reserves competed with concerns about fuel demand in the top global oil consumers, the United States and China. Brent crude futures fell to $73.91 a barrel by 0800 GMT, while U.S. West Texas Intermediate crude was at $69.34 a barrel.
16/05/2023 Oil futures steadied on Tuesday as support from a higher global demand forecast from the International Energy Agency (IEA) was countered by weaker than expected Chinese economic data. Brent crude futures eased by 0.2%, to $75.12 a barrel by 0922 GMT while U.S. West Texas Intermediate crude was down 0.2%, at $70.99.
17/05/2023 Oil prices were steady on Wednesday after a surprise rise in U.S. crude inventories stoked demand concerns as economic worries competed with a tighter supply outlook for later in the year. Brent crude futures rose 0.7%, to $74.42 a barrel. West Texas Intermediate U.S. crude was down $70.81 at 0921 GMT.
18/05/2023 Oil prices eased on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on optimism over U.S. fuel demand. Brent crude futures dipped 0.5%, to $76.59 a barrel as of 0841 GMT. U.S. West Texas Intermediate crude dropped 0.5%, to $72.49 a barrel.
19/05/2023 Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose 1.0%, to $76.59 a barrel by 0650 GMT, while U.S. West Texas Intermediate crude climbed 0.9%, to $72.48.
22/05/2023 Oil prices slipped on Monday as caution around U.S. debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers. Brent crude futures fell 0.97%, to $74.85 a barrel by 0634 GMT, while U.S. West Texas Intermediate (WTI) crude for July delivery, the more actively traded contract, slipped 1.02%, to $70.96.
23/05/2023 Brent crude fell 26 cents, to $75.73 a barrel by 0807 GMT while U.S. West Texas Intermediate (WTI) crude slipped by 0.3, to $71.81. Both had risen earlier in the session. "The tug-of-war continues at the negotiating tables. No breakthrough yet," said Tamas Varga of oil broker PVM.
24/05/2023 Oil prices rose 2% on Wednesday, after a large unexpected drawdown in U.S. crude inventories and a warning from the Saudi energy minister that raised the prospect of further OPEC+ production cuts. Brent crude futures rose 2%, to settle at $78.36 a barrel. U.S. West Texas Intermediate crude (WTI) gained 2%, to $74.34.
25/05/2023 Oil prices were little changed on Thursday as uncertainty over whether the United States will avoid a debt default weighed against the prospect of further OPEC+ production cuts. Brent crude futures dipped 0.2%, to $78.22 a barrel by 0635 GMT. U.S. West Texas Intermediate crude (WTI) edged lower 0.3%, to $74.09.
26/05/2023 Oil prices were broadly stable on Friday, as the market weighed in on conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting, a stronger U.S. dollar and worries of weaker-than-expected demand growth. Brent crude was up $76.32 a barrel at 0627 GMT, while U.S. West Texas Intermediate rose to $72.01 a barrel.
30/05/2023 Oil prices edged higher in choppy trading on Monday, as markets weighed a tentative U.S. debt ceiling deal that would avert a default by the world's top oil consumer against further Federal Reserve interest rate hikes that could curb energy demand. Brent crude futures settled up 0.2%, to $77.07 a barrel, while U.S. West Texas Intermediate crude was up 0.3%,at $72.92 a barrel.
31/05/2023 Oil prices extended losses early on Wednesday as worries of slowing demand from top oil importer China after the release of weaker-than-expected economic data outweighed some positive progress on the U.S. debt ceiling bill. Brent crude futures for August delivery slipped to $73.56 a barrel by 0656 GMT, while U.S. West Texas Intermediate crude (WTI) fell to $69.32 a barrel, with earlier gains reversed after China manufacturing data was released. Both benchmarks fell by more than 4% on Tuesday.
01/06/2023 Brent crude futures rose 31 cents, to $72.91 a barrel by 0810 GMT while U.S. West Texas Intermediate crude (WTI) added 0.3%, to $68.30. Both benchmarks fell on Tuesday and Wednesday.
02/06/2023 Oil prices rose on Friday after a U.S. debt ceiling deal averted a default in the world's biggest oil consumer, while attention turned to a meeting of OPEC ministers and their allies at the weekend. Brent crude futures rose 1% to $75.05 a barrel by 0806 GMT, while U.S. West Texas Intermediate crude (WTI) was up 1%, at $70.79. Both contracts were headed for their first weekly loss in three weeks.
05/06/2023 Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July to counter macroeconomic headwinds that have depressed markets. Brent crude futures were up 2.3%, at $77.85 a barrel by 0900 GMT after touching a session high of $78.73.
06/06/2023 Oil prices edged lower early on Tuesday, coming off gains made the previous day as concerns about the global economic backdrop outweighed supply worries raised when Saudi Arabia announced its biggest output cut in years. Brent crude futures slipped to $76.20 a barrel by 0506 GMT. The U.S. West Texas Intermediate crude fell to $71.61 a barrel.
07/06/2023 Oil fell for a second day on Wednesday as concerns over global economic headwinds deepened, erasing the price gains booked after top crude exporter Saudi Arabia's surprise weekend pledge to deepen output cuts. Brent crude futures were down 0.7%, at $75.73 a barrel at 0705 GMT. The U.S. West Texas Intermediate crude futures fell 0.7%, to $71.22 a barrel.
08/06/2023 Oil steadied on Thursday as tighter supply resulting from Saudi Arabia's pledged production cut and a potential pause to U.S. interest rate hikes offset worries over demand weakness and a global economic slowdown. At an OPEC+ meeting on Sunday, Saudi Arabia said it will cut its crude output by 1 million barrels per day (bpd) in July on top of a broader deal to limit supply into 2024 as the producer group seeks to boost flagging prices. Brent crude fell 0.1%, to $76.87 a barrel by 0810 GMT. U.S. West Texas Intermediate crude gained 0.1%, to $72.61.
09/06/2023 Oil prices were broadly stable on Friday and were set for a second week of declines as concern over oil demand growth outweighed Saudi output cuts. Brent crude futures dipped 18 cents, or $75.78 a barrel by 1334 GMT, while U.S. West Texas Intermediate crude was down 0.4%, at $71.02.
12/06/2023 Oil prices fell $2 on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and rising Russian crude supply weighed on the market. Brent crude futures fell 2.5%, to $72.88 a barrel by 0902 GMT. U.S. West Texas Intermediate (WTI) crude was at 2.8%.
13/06/2023 Oil prices ticked up on Tuesday on apparent bargain hunting, recovering some ground from the previous day's plunge. But gains were limited as investors remained cautious ahead of key policy decisions by central banks and on weak economic data from China. Brent crude futures climbed 1.1%, to $72.64 a barrel by 0825 GMT. U.S. West Texas Intermediate (WTI) crude was at $67.64 a barrel, up 0.8%.
14/06/2023 Oil prices inched up on Wednesday as investors awaited the outcome of the U.S. Federal Reserve's June meeting, key economic data from China and government data on U.S. crude stockpiles. Brent crude futures were up 0.4%, at $74.61 a barrel by 0610 GMT. U.S. West Texas Intermediate (WTI) crude was at $69.64 a barrel, up 0.3%.
15/06/2023 Oil prices rose on Thursday after a plunge the previous day, as data showed a jump in refinery runs in top crude importer China though a weak economic backdrop capped gains. Brent crude futures were up 0.97%, to $73.91 a barrel at 1209 GMT, having risen by over $1 earlier in the session.
16/06/2023 Brent crude fell 0.3%, to $75.41 a barrel by 0810 GMT while U.S. West Texas Intermediate (WTI) crude slipped 0.3%, to $70.38. Both benchmarks surged about 3% on Thursday.
19/06/2023 Global oil prices fell more than 1% on Monday, backing off last week's gains, as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude was down 1%, to trade at $75.83 a barrel by 0655 GMT, after falling as much as $1.27 to $75.34
20/06/2023 Oil prices slipped on Tuesday after China cut benchmark lending rates less than some expected while demand was seen rising this year, clouding the outlook for the world's largest crude importer. Brent crude was up 0.6% at $76.56 a barrel at 0850 GMT. U.S. West Texas Intermediate (WTI) crude for July was down 13 cents from Friday's close at $71.65. The July contract expires at the end of trade on Tuesday.
21/06/2023 Oil prices rebounded early on Wednesday, recovering after two straight sessions of losses, as expectations of hawkish Federal Reserve talk later in day and possible U.S. crude stock drawdowns outweighed China demand worries. Brent futures firmed to $76.13 a barrel and U.S. West Texas Intermediate (WTI) crude futures inched up to $71.45 a barrel as of 0611 GMT.
22/06/2023 Oil futures dipped slightly on Thursday, with trader expectations of further interest rate hikes countered by potentially bullish U.S. oil inventory data after preliminary figures showed a fall in stocks. Brent futures eased by 0.6%, to $76.65 a barrel at 0840 GMT and U.S. West Texas Intermediate (WTI) crude futures were down 0.6%, at $72.09.
23/06/2023 Brent crude slipped 1.6%, to $72.93 a barrel at 0810 GMT, while U.S. West Texas Intermediate (WTI) crude was down 1.9%, at $68.20.
26/06/2023 Oil prices rose on Monday after a revolt by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world's largest producers. Brent crude futures were up 0.8% at $74.41 a barrel by 0725 GMT. U.S. West Texas Intermediate crude (WTI) was up 0.6%, at $69.44. Both benchmarks gained as much as 1.3% in early Asian trade.
27/06/2023 Oil prices edged higher on Tuesday, spurred by worries about political instability in Russia and possible supply disruptions, as well as U.S. demand hopes ahead of the summer driving season. By 0613 GMT, Brent crude futures had climbed to $74.85 a barrel, while U.S. West Texas Intermediate (WTI) futures rose to $70.10 a barrel. On Monday, Brent had climbed 0.5% and the WTI 0.3%.
28/06/2023 Oil edged up on Wednesday after a larger-than-expected drop in U.S. inventories suggested robust demand and helped offset worries over interest rate hikes. Crude stocks fell by about 2.4 million barrels, market sources said, citing data from industry group American Petroleum Institute (API). The Energy Information Administration's official supply report is due out at 1430 GMT. Brent crude was up 0.1%, to $72.35 a barrel at 0806 GMT, while West Texas Intermediate (WTI) U.S. crude gained 0.4%, to $67.96
29/06/2023 Oil prices steadied on Thursday, a day after rising sharply on a bigger-than-expected fall in U.S. inventories, as attention shifted back to rising interest rates denting global economic growth. Brent crude futures was up 0.1%, to $74.13 a barrel by 1032 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 0.2%, to $69.67 a barrel.
30/06/2023 Oil prices rose towards $75 a barrel on Friday but were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand. Benchmark Brent crude futures for September delivery rose 0.7% to stand at $75.04 as of 0827 GMT. The less-traded front-month contract , which expires on Friday, was up $74.86.
03/07/2023 Brent crude futures were up 0.6% to $75.84 a barrel by 1119 GMT after gaining 0.8% on Friday. U.S. West Texas Intermediate crude rose 0.7%, to $71.12, having gained 1.1% in the previous session.
04/07/2023 Brent crude futures were up 1.3%, to $75.64 a barrel at 1102 GMT. U.S. West Texas Intermediate crude was at $70.74 a barrel, up 1.4%.
05/07/2023 Oil benchmark Brent edged lower on Wednesday as concern over a global economic slowdown overshadowed supply cuts announced this week by top crude exporters Saudi Arabia and Russia.Brent crude was down 0.24%, at $76.07 a barrel by 1003 GMT, having risen by $1.60 on Tuesday.
06/07/2023 Oil prices were little changed on Thursday as the market digested tighter crude supply alongside fears of global economic slowdown. Brent crude futures edged up to $76.94 a barrel by 0838 GMT after a 0.5% gain the previous day. U.S. West Texas Intermediate crude firmed by $72.16 after rising by 2.9% in post-holiday trade on Wednesday to catch up with Brent's gains earlier in the week.
07/07/2023 Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand resulted in a larger-than-expected fall in U.S. oil stockpiles, offsetting fears of higher U.S. interest rates. Brent crude futures were up 0.4%, at $76.83 a barrel at 0819 GMT, while U.S. West Texas Intermediate crude gained 0.4%, to $72.11 a barrel.
10/07/2023 Oil prices dipped on Monday after weak economic data from top consumers the United States and China, although expected crude supply cuts from Saudi Arabia and Russia limited losses. Brent crude futures fell 0.5%, to $78.07 a barrel by 1005 GMT, and U.S. West Texas Intermediate crude was also off 0.5%, at $73.46 a barrel
11/07/2023 Oil prices were little changed on Tuesday as traders weighed supply cuts by the world's biggest oil exporters and hopes for higher demand in the developing world in the second half of 2023 against a sluggish global economic outlook. Brent crude futures were up to $77.71 a barrel by 0945 GMT, and U.S. West Texas Intermediate crude was up at $73.04.
12/07/2023 Brent futures were up at $79.91 a barrel by 1256 GMT, having risen as high as $80.05 earlier. U.S. West Texas Intermediate (WTI) crude was up at $75.45 a barrel.
13/07/2023 Oil prices have rallied around 12% in two weeks, primarily in response to supply cuts from top producers Saudi Arabia and Russia, noted Craig Erlam, senior market analyst at OANDA. "Some profit-taking at these levels wouldn't be hugely surprising and may have come sooner if not for the US consumer price inflation data." Brent crude futures were up to $80.33 per barrel by 0819 GMT, while U.S. West Texas Intermediate crude futures were up at $75.86.
14/07/2023 Oil prices were set to post their third straight week of gains for the first time since April despite falling slightly on Friday, due to broader supply concerns over disruptions in Libya and Nigeria, and hopes of higher U.S. crude demand amid cooling inflation. Both Brent crude futures and U.S. West Texas Intermediate crude futures , were trading slightly lower. Brent was down to $81.16, while the WTI was trading lower at $76.75 at 0634 GMT.
17/07/2023 Chinese authorities face a daunting task trying to keep the economic recovery on track, with growth having slowed by 0.8% from the previous quarter, National Bureau of Statistics figures showed. "The GDP came in below expectations, so will do little to ease concerns over the Chinese economy," said Warren Patterson, ING's head of commodities research. Brent crude fell 1.4%, to $78.75 a barrel by 0810 GMT and U.S. West Texas Intermediate crude dropped by 1.5%, to $74.33 on a second straight day of losses for both contracts.
18/07/2023 Oil prices were little changed on Tuesday as investors weighed a possible tightening of U.S. crude supplies against weaker-than-expected Chinese economic growth. Brent crude was down $78.49 a barrel by 0753 GMT, while U.S. West Texas Intermediate crude edged up to $74.16 a barrel.
19/07/2023 Global oil benchmark Brent hovered above $80 on Wednesday, buoyed by China's pledge to reinvigorate economic growth and expectations the U.S. Federal Reserve will stop raising interest rates soon. Brent futures rose at $80.01 a barrel by 0956 GMT, while U.S. West Texas Intermediate (WTI) crude was up to $75.95 per barrel.
20/07/2023 Oil prices were little changed on Thursday as a lower-than-expected drop in U.S. crude inventories and a potentially weaker demand outlook kept investors cautious. September Brent futures climbed 6 cents, or 0.1%, at $79.52 a barrel by 0645 GMT, while August U.S. West Texas Intermediate (WTI) crude gained 5 cents, or 0.1%, to $75.40 a barrel.
21/07/2023 Brent oil prices rose in Asian trading on Friday, as markets assessed the prospect of economic stimulus in China after weak economic data, falling inventories in the U.S. and supply cuts from key producers. Brent futures rose to $80.32 a barrel by 0600 GMT, while U.S. West Texas Intermediate (WTI) crude climbed to $76.30 a barrel. Prices closed marginally higher on Thursday.
24/07/2023 Oil prices eased on Monday as traders awaited more rate hike cues from U.S. and European central banks, with tightening supply and hopes for Chinese stimulus underpinning Brent at $80 a barrel. Brent crude futures dipped 0.4%, to $80.76 a barrel by 0644 GMT. U.S. West Texas Intermediate (WTI) crude was at $76.74 a barrel, down 0.4%.
25/07/2023 Oil prices were steady on Tuesday, hovering near three-month highs as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy lifted sentiment, while weaker Western economic data weighed. Brent futures were down 0.05%, at $82.70 a barrel by 0823 GMT, while U.S. West Texas Intermediate (WTI) crude was stable at $78.74.
26/07/2023 Oil prices slipped on Wednesday, with investors cautious ahead of an expected Federal Reserve rate hike later in the day and a possible increase in U.S. crude supplies. Brent crude futures were down to $82.76 a barrel by 1149 GMT, while U.S. West Texas Intermediate (WTI) crude was at $78.76,. Both hit three-month highs on Tuesday.
27/07/2023 Oil settled higher Thursday, with Brent crude topping $84 a barrel for the first time since April, supported by supply tightness following OPEC+ production cuts and renewed bullishness on the outlook for Chinese demand and global growth. Crude has posted four consecutive weekly gains on an expected tightening of supply because of output cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known collectively as OPEC+, as well as some involuntary outages. Brent crude settled up $1.32, or 1.6%, to $84.35 a barrel while U.S. West Texas Intermediate (WTI) crude settled up by $1.31, or 1.7%, to $80.09.
28/07/2023 Oil prices slipped in Asian trade on Friday but were on track for a fifth straight week of gains following strong economic data in the U.S., and on speculation over Chinese stimulus measures and OPEC+ output cuts. Brent crude fell 0.3%, to $83.95 a barrel by 0600 GMT, but was on track for a weekly 3.6% increase. U.S. West Texas Intermediate (WTI) crude fell 0.3%, to $79.82 a barrel, but were heading for a 3.6% weekly increase.
31/07/2023 Oil prices were set to post their biggest monthly gains in more than a year on Monday, on expectations that Saudi Arabia will extend voluntary output cuts into September and tighten global supply. Brent crude futures slipped to $84.92 a barrel by 0819 GMT, while U.S. West Texas Intermediate crude edged up to $80.68 a barrel.
01/08/2023 Oil prices edged lower on Tuesday on signs of profit-taking after rallying in July when investors benefited from tightening global supplies and signs of growing demand in the second half of the year. Brent crude futures for October were at $85.89 a barrel at 0822 GMT. Front-month Brent settled at its highest since April 13 on Monday
02/08/2023 Oil prices surged by almost 1% on Wednesday, trading near their highest since April, as crude and fuel product inventory data showing robust demand from the world's biggest fuel consumer, the U.S., offsetting demand concerns elsewhere. Brent crude futures for October rose 0.94%, to $85.71 a barrel at 0625 GMT. Likewise, U.S. West Texas Intermediate crude for September climbed 0.98%, to $82.17 a barrel.
03/08/2023 Since oil had a steady rise over the past month, it was ripe for a pullback. The oil market will remain tight over the short term, but prices could be still vulnerable for a deeper drop," said Edward Moya, an analyst at OANDA. Brent crude futures were down 1%, at $82.39 a barrel at 0812 GMT, while U.S. West Texas Intermediate crude dropped 0.9%, to $78.76l.
04/08/2023 Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through September. Brent crude futures for October rose to $85.45 a barrel by 1059 GMT, while U.S. West Texas Intermediate crude for September were up to $81.87.
07/08/2023 Oil prices hovered near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to extend supply cuts through September, further tightening supplies. Prices have seen a sustained rally, with both key benchmarks notching up their sixth consecutive weekly gains last week. On Monday, Brent crude futures slipped $86 a barrel by 0820 GMT, while U.S. West Texas Intermediate crude was at $82.55 a barrel.
08/08/2023 Oil prices fell by 1% on Tuesday after data showed China's imports and exports fell much more than expected in July in yet another sign of a sluggish post-COVID rebound for the world's largest oil importer. Brent crude futures were down , or about 1.1%, at $84.41 a barrel at 0815 GMT. U.S. West Texas Intermediate crude was down, or about 1.1%, at $81.06.
09/08/2023 Brent crude futures rose 0.3%, to $86.39 a barrel by 0806 GMT. U.S. West Texas Intermediate (WTI) crude gained 0.2%, to $83.11. Both contracts gained nearly $1 the previous day.
10/08/2023 Oil prices steadied on Thursday as investor caution ahead of U.S. inflation data softened a protracted price rally on supply tightness. Brent crude edged up to $87.69 a barrel by 0757 GMT while West Texas Intermediate crude (WTI) crept up by to $84.5
11/08/2023 Oil prices held near recent highs on Friday amid optimistic demand forecasts from the OPEC producer group and the International Energy Agency (IEA). Brent crude was down 0.1%, at $86.28 a barrel at 0910 GMT while U.S. West Texas Intermediate (WTI) crude futures were down 0.1%, at $82.75.
14/08/2023 Oil prices declined more than 1% on Monday as concerns about China's faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts. Brent crude futures fell 1.2%, to $85.74 a barrel by 0631 GMT while U.S. West Texas Intermediate crude was at $82.12 a barrel, down 1.3%.
15/08/2023 Oil prices stabilised on Tuesday as sluggish Chinese economic figures were countered by Beijing unexpectedly cutting key policy rates for the second time in three months. Brent crude futures dipped to $85.92 per barrel by 0759 GMT. U.S. West Texas Intermediate crude slipped to $82.15 a barrel.
16/08/2023 Oil prices edged down on Wednesday, extending a 1% drop in the previous session, as worries about China's struggling economy outweighed declining U.S. stockpiles. Brent crude futures slipped to $84.51 a barrel by 0456 GMT, while U.S. West Texas Intermediate crude (WTI) declined to $80.64 a barrel.
17/08/2023 Oil prices were choppy on Thursday after falling over the past three sessions, with the undertone grim on worries that slowing growth in China and possible further U.S. interest rate hikes will weaken fuel demand in the world's two biggest economies. Brent crude futures were flat at $83.45 a barrel by 0645 GMT, after initially falling 0.5%. U.S. West Texas Intermediate crude (WTI) was down at $79.30.
18/08/2023 Oil prices looked set to snap a seven-week winning streak on Friday as concerns about China's slowing economic growth and the possibility of more U.S. interest rate hikes outweighed signs of tightening supply, Major benchmarks were slightly higher on Friday, with U.S. West Texas Intermediate crude (WTI) rising 0.3%, to $80.61 a barrel, while Brent crude was up or 0.1%, at $84.12 a barrel as of 0611 GMT.
21/08/2023 Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand growth amid high interest rates. Brent crude climbed to $85.41 a barrel by 0649 GMT, while U.S. West Texas Intermediate crude was at $81.88 a barrel. The September WTI contract expires on Tuesday and the more active October contract gained to $81.22 a barrel.
22/08/2023 Oil prices were little changed on Tuesday as investors stay sour on China's economic prospects and demand from the world's top crude importer, limiting the impact of supply cuts. Brent crude was down at $84.03 a barrel by 0816 GMT, while the more active U.S. West Texas Intermediate October contract slipped to $79.95 a barrel.
23/08/2023 Oil prices dropped on Wednesday, as traders were cautious ahead of potentially gloomy manufacturing data and an annual meeting at Jackson Hole, where heavy-hitter central bankers including from the United States will talk interest rates. Brent crude was down to $83.52 a barrel at 0738 GMT, while U.S. West Texas Intermediate crude was at $79.15 a barrel.
24/08/2023 Oil prices eased on Thursday amid disappointing economic data from key economies and as investors await a speech by U.S. Federal Reserve Chair Jerome Powell on Friday for clues on interest rates. Brent crude fell 0.2%, to $83.02 a barrel by 0619 GMT, while U.S. West Texas Intermediate crude dropped 0.3%, to $78.65 a barrel.
25/08/2023 Oil was headed for a second week of declines even as it rose on Friday, as the dollar firmed before a speech by Federal Reserve Chair Jerome Powell while concerns over tight supply eased. Brent crude rose 0.5%, to $83.75 a barrel by 0624 GMT, while U.S. West Texas Intermediate crude was also up 0.5%, at $79.44 a barrel.
29/08/2023 Oil prices crept up on Tuesday as supply concerns from a hurricane hurtling towards the U.S. Gulf Coast limited bearish sentiment about the possibility of another U.S. interest rate hike undercutting demand. Brent crude edged higher at $85.05 a barrel by 1026 GMT, while U.S. West Texas Intermediate crude up to $80.67 a barrel.
30/08/2023 Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as a hurricane in the Gulf of Mexico kept investors on edge. Brent crude futures for October rose by 0.49%, to $85.91 a barrel by 0748 GMT. The October contract expires on Thursday and the more active November contract was at $85.32,
31/08/2023 Oil prices eased on Thursday after data showed China's manufacturing activity shrank for the fifth month in a row, and as investors cautiously awaited a U.S. personal consumption expenditure report later in the day for any clues on the interest rate outlook.Brent crude futures for October, which expire on Thursday, dipped 0.1%, at $85.77 per barrel by 0630 GMT. The more active November contract was down 0.1%, at $85.14.
01/09/2023 Oil prices were set to snap a two-week losing streak as they rose for a fourth consecutive session on Friday due to tightening supplies and expectations that the OPEC+ group of oil producers would extend output cuts to the end of the year. The U.S. West Texas Intermediate crude (WTI) was up 0.3%, at $83.84 a barrel, while Brent crude was up also 0.3%, at $87.09 a barrel as of 0605 GMT. WTI has risen over 5% during the week, while Brent was up about 3%.
04/09/2023 Oil prices were stable on Monday amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy. Brent crude futures for November crept higher to $88.71 a barrel by 0800 GMT. U.S. West Texas Intermediate crude (WTI) October futures rose to $85.73 a barrel.
05/09/2023 Oil prices dipped on Tuesday as fresh data added to gloom over the state of China's post-pandemic recovery, although expectations of an extension in supply cuts by leading OPEC+ producers limited losses. By 0933 GMT, Brent crude futures for November were down at $88.49 a barrel, while U.S. West Texas Intermediate crude (WTI) October futures edged 14 cents lower to $85.41 a barrel.
06/09/2023 Most stock markets in the Gulf fell in early trade on Wednesday, tracking oil prices lower as weak services activity data from China revived worries over its economy's recovery. Crude prices — a key catalyst for the Gulf's financial markets — fell 0.4% after rising over 1% in the previous session with Brent trading at $89.6 a barrel by 0740 GMT.
07/09/2023 Oil prices eased on Thursday as worries over demand due to a seasonal slowdown during winter and an uncertain economic outlook for China outweighed expectations of tighter supplies from extended production cuts in Saudi Arabia and Russia. Brent crude futures fell to $90.24 a barrel by 0645 GMT, after a nine-session winning streak. U.S. West Texas Intermediate crude (WTI) futures fell to $87.17 a barrel after seven sessions of gains.
08/09/2023 Brent crude futures were up to $90.45 a barrel by 1308 GMT, while U.S. West Texas Intermediate crude (WTI) futures were up at $87.26 a barrel.
11/09/2023 Saudi Arabia and Russia last week announced that they will extend voluntary supply cuts of a combined 1.3 million barrels per day (bpd) until the end of the year. Brent crude fell by 0.44%, to $90.25 a barrel by 0848 GMT on Monday while U.S. West Texas Intermediate crude lost 0.74%, to $86.86.
12/09/2023 Brent crude futures held above $90 a barrel on Tuesday, with investors looking out for macroeconomic data that could indicate whether interest rates will rise further in the United States and Europe. November Brent crude futures rose $90.86 a barrel at 0630 GMT, while U.S. West Texas Intermediate crude futures for October edged higher to $87.58.
13/09/2023 Oil rose on Wednesday, firming its ground near a 10-month peak reached during trading a day earlier, as the market balanced supply concerns over Libya output and OPEC+ cuts with global macroeconomic headwinds. Benchmark Brent futures edged higher by 0.1%, to $92.14 a barrel by 0630 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 0.2%, to $88.97 a barrel
14/09/2023 The tightening oil balance will remain the dominant price driver for the rest of 2023, he added. Brent crude rose 0.9%, to $92.71 a barrel by 0810 GMT. U.S. West Texas Intermediate crude (WTI) was up 0.8%, at $89.22.
15/09/2023 Oil prices rose on Friday and are set for a third weekly gain, as better-than-expected Chinese economic data and reports of record oil consumption bolstered the view that demand in the world's second-largest crude consumer will continue to surge. Brent crude futures rose 0.7%, to $94.35 as of 0630 GMT, while the U.S. West Texas Intermediate crude (WTI) was up 0.7%, at $90.83.
18/09/2023 Oil prices rose for a third straight session on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and by optimism about a recovery in demand in China. Brent crude futures rose 0.8%, to $94.64 a barrel by 0622 GMT while U.S. West Texas Intermediate crude futures were at $91.55 a barrel, or up 0.9%.
19/09/2023 Oil prices rose on Tuesday for a fourth consecutive session as weak U.S. shale output spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia. Global oil benchmark Brent crude futures were up 0.43%, to $94.84 a barrel by 0751 GMT. After breaching U.S. West Texas Intermediate crude futures were up 1.01%, to $92.40.
20/09/2023 Prices fell despite a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output that indicated tight crude supply for the rest of 2023. Global benchmark Brent crude futures were last down 0.9%, at $93.46 a barrel by 0650 GMT. Brent hit $95.96 on Tuesday, its highest since November.
21/09/2023 Oil prices rebounded from $1 down to $1 up in trading on Thursday, after a Russian ban on fuel exports snapped focus away from Western economic headwinds and back to throttled crude supply to the end of 2023. Brent futures for November delivery were up 1.09%, to $94.55 a barrel by 1348 GMT. U.S. West Texas Intermediate crude (WTI) climbed 1.42%, to $90.93, the lowest since Sept. 14. Both benchmarks had fallen more than $1 earlier on Thursday.
22/09/2023 Oil prices rose on Friday as concerns that a Russian ban on fuel exports could tighten global supply outweighed fears that further U.S. interest rate hikes could dent demand, but they were still headed for their first weekly loss in four weeks. Brent futures climbed 0.5%, to $93.76 a barrel by 0630 GMT, while U.S. West Texas Intermediate crude (WTI) futures gained 0.7%, to $90.28 a barrel.
25/09/2023 Most stock markets in the Gulf rose in early trade on Monday, tracking oil prices higher, amid a tighter supply outlook after Moscow issued a temporary ban on fuel exports. Oil prices - a key catalyst for the Gulf's financial markets - rose 0.7%, with Brent crude trading at $93.96 a barrel by 0646 GMT.
26/09/2023 Oil prices fell on Tuesday amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight. Brent crude futures were down at $92.42 a barrel at 0630 GMT, while U.S. West Texas Intermediate crude futures were trading lower at $88.81.
27/09/2023 Oil prices rose by more than $1 a barrel on Wednesday as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy. Brent crude futures were up 0.9%, to $94.81 a barrel by 0827 GMT, after rising by as much as U.S. West Texas Intermediate crude futures climbed $1.06, or 1.17%, to $91.45 after gaining as much as $1.24.
28/09/2023 Stock markets in the Gulf advanced in early trade on Thursday, as oil prices jumped amid tight global supplies and a drop in crude stocks in the United States. Oil prices - a catalyst for Gulf's financial markets - scaled one-year highs on Thursday, with a big drop in U.S. crude stocks stoking concern that fuel demand is outstripping production. Brent crude was up 0.88% to $97.45 a barrel at 0750 GMT.
29/09/2023 Oil prices rose on Friday and were headed for a gain of about 3% for the week, driven by tight U.S. supply and expectations of strong fuel demand in China during the Golden Week holiday.
02/10/2023 Oil prices edged up on Monday, recouping some of the losses suffered at the end of last week, as investors focused on a tight global supply outlook while a last-minute deal that avoided a U.S. government shutdown restored risk appetite. Brent December crude futures rose 0.5%, to $92.69 a barrel by 0645 GMT after falling 90 cents on Friday. Brent November futures settled down at $95.31 a barrel at the contract's expiry on Friday.
03/10/2023 Oil prices slipped by around 1% in early Asian trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising U.S. bond yields and mixed supply signals. Brent futures for December delivery declined 1.09%, to $89.72 a barrel by 0549 GMT, while U.S. West Texas Intermediate crude (WTI), fell 0.88%, to $88.04 per barrel.
04/10/2023 Oil fell on Wednesday ahead of a panel meeting of OPEC+ ministers, as the market weighed expectations of supply tightness against fears that high interest rates could reduce fuel demand. Brent crude oil futures dipped 0.2%, to $90.74 a barrel by 0611 GMT, while U.S. West Texas Intermediate crude (WTI) fell to $89.03 per barrel
05/10/2023 Oil prices fell about 2% on Thursday, extending the previous session's losses of nearly 6%, as worries about fuel demand outweighed an OPEC+ decision to maintain oil output cuts, keeping supply tight.
06/10/2023 Oil prices were on track for their steepest weekly decline since March despite rising on Friday, driven by concerns that higher-for-longer interest rates will slow global growth and hammer fuel demand.
09/10/2023 Oil prices surged more than 2% on Monday as military clashes between Israel and the Palestinian Islamist group Hamas ignited fears of a wider conflict in the Middle East. Brent crude was up 2.7%, to $86.86 a barrel by 0859 GMT
10/10/2023 Oil prices eased on Tuesday after rallying more than 4% in the previous session, with traders cautious as they watched for potential supply disruptions amid military clashes between Israel and the Palestinian Islamist group Hamas.
11/10/2023 Oil edged higher on Wednesday as investors grappled with the prospect of supply disruptions due to the Middle East turmoil.
12/10/2023 Oil prices fell for a third day on Thursday, dragged down by a larger-than-expected crude and gasoline stockbuild in the U.S. and easing supply concerns.
13/10/2023 Oil prices were up on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast to decline through the fourth quarter.
16/10/2023 Oil prices slipped on Monday after surging last week, with investors waiting to see if the Israel-Hamas conflict draws in other countries - a development that would potentially drive up prices further and deal a fresh blow to the global economy. Brent futures were last down 0.4%, at $90.56 per barrel at 0645 GMT. U.S. West Texas Intermediate (WTI) crude fell 0.3% to $87.43 a barrel.
17/10/2023 Oil prices steadied on Tuesday after a more than $1 slide on Monday amid hopes the U.S. would ease sanctions on producer Venezuela and as Washington stepped up efforts to prevent an escalation of the war between Israel and Hamas.
18/10/2023 Oil prices surged nearly 2% on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region.
19/10/2023 Oil prices fell on Thursday, reversing gains in the previous session, after OPEC showed no signs of supporting Iran's call for an oil embargo on Israel and as the United States plans to ease Venezuela sanctions to allow more oil to flow globally.
20/10/2023 Oil prices extended gains on Friday and were on track to rise for a second week on heightened fears that the Israel-Gaza crisis may spread in the Middle East and disrupt supply from one of the world's top-producing regions.
23/10/2023 Oil prices fell more than $1 on Monday as concerns about supply disruptions eased due to diplomatic efforts intensifying in an attempt to contain the conflict between Israel and the Palestinian Islamist group Hamas.
24/10/2023 Oil prices rose on Tuesday, recovering some of the previous day's losses, as investors remained nervous that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region, causing potential supply disruptions.
25/10/2023 Oil fell for a fourth day on Wednesday as concerns about slowing European demand offset worries about Middle East supply disruptions stemming from the Israel-Hamas conflict in Gaza
26/10/2023 Oil prices fell on Thursday after a rise in U.S. crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped on Middle East tensions.
27/10/2023 Oil prices rose by over $1 on Friday as reports that the U.S military struck Iranian targets in Syria raised concerns of a widening of the Israel-Hamas conflict that could impact supply from the key Middle East producing region.
30/10/2023 Oil prices slipped more than 1% on Monday as investors adopted caution ahead of a U.S. Federal Reserve policy meeting and China's manufacturing data due this week, offsetting support from tension in the Middle East.
31/10/2023 Oil prices rebounded in Asian trade on Tuesday, after a drop of more than 3% in the previous session, as worries over supply stirred by conflict in the Middle East offset dismal China data
01/11/2023 Oil prices edged up in Asian trade on Wednesday ahead of key meetings of global central banks this week, including the U.S. Federal Reserve, while the market closely watched the latest developments in the Israel-Hamas conflict
02/11/2023 Oil gained 1% on Thursday to snap its three-day decline, as risk appetite returned to financial markets after the U.S. Federal Reserve kept benchmark interest rates on hold.
03/11/2023 Oil prices were little changed on Friday, but headed for a second week of losses as supply concerns driven by conflict in the Middle East eased, while the demand outlook from the world's top crude importer China remained uncertain.
06/11/2023 Oil prices rose on Monday, after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year.
07/11/2023 Oil prices slipped by 1% on Tuesday, erasing most of Monday's gains, as mixed economic data from the world's second largest oil consumer China and winter demand worries offset the impact of Saudi Arabia and Russia extending output cuts.
08/11/2023 Oil prices remained under pressure on Wednesday after sliding to their lowest in more than three months in the previous session, slipping further on concern over waning demand in the United States and China.
09/11/2023 Oil prices edged up on Thursday as markets shrugged off deflationary indicators in China and looked for further clues on the status of demand from the world's two biggest oil consumers.
10/11/2023 Oil prices were up slightly on Friday but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed, allowing demand worries to reassert themselves.
13/11/2023 Oil prices wavered on Monday, as renewed concerns over waning demand in the United States and China, coupled with mixed signals from the U.S. Federal Reserve, kept markets uncertain.
14/11/2023 Oil prices inched up on Tuesday on expectations of healthy market fundamentals, following an OPEC report saying demand remains strong, and concerns that supplies might be disrupted as the U.S. cracks down on Russian oil exports.
15/11/2023 Oil prices rose on Wednesday as China's factory output and retail sales beat expectations, a day after the International Energy Agency (IEA) raised its oil demand growth forecast for this year.
16/11/2023 Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lackluster energy demand from China.
17/11/2023 Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5% to a four month-low on Thursday on worries over global demand.
20/11/2023 Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle East supply disruption amid the Israel-Hamas conflict.
21/11/2023 Oil futures fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the producer group may discuss deepening supply cuts due to slowing global growth
22/11/2023 Oil prices stayed within a narrow range on Wednesday in quiet pre-U.S. Thanksgiving holiday trading, as the market awaited news on output cuts from the OPEC+ producers group and looked for confirmation of a sharp build-up in U.S. crude stocks.
23/11/2023 Oil prices fell by more than 1% on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting, leading to speculation that producers might cut output less than earlier anticipated.
24/11/2023 Brent crude futures were steady on Friday as traders kept their powder dry ahead of an OPEC+ meeting that could bring agreement on further supply cuts.
27/11/2023 Oil prices slipped on Monday, with Brent falling toward $80 a barrel, as investors awaited the OPEC+ meeting later this week for an agreement to curb supplies into 2024.
28/11/2023 Oil prices rose on Tuesday, supported by a weak dollar and expectations that the OPEC+ producer group would deepen and extend output cuts due to concerns over subdued demand.
29/11/2023 Oil edged higher on Wednesday as investors turned cautious ahead of a crucial OPEC+ meeting to decide output policy in the coming months, while a supply disruption caused by a storm in the Black Sea provided a lift for prices.
30/11/2023 Oil was little changed on Thursday as investors remained cautious ahead of expected production cuts by the OPEC+ group, and as weaker-than-expected Chinese factory data underscored slowing growth in the world's second largest economy.
01/12/2023 Oil prices pared losses on Friday, after falling sharply in early trade and by over 2% on Thursday on perceptions that the voluntary oil output cuts agreed by OPEC+ producers were underwhelming.
04/12/2023 Oil futures reversed course after rising briefly on Monday amid persistent pressure from the OPEC+ decision and uncertainty over global fuel demand growth, although the risk of supply disruptions from the Middle East conflict limited the losses.
05/12/2023 Oil prices held steady on Tuesday amid uncertainty over voluntary output cuts by the OPEC+ group of producers, tensions in the Middle East and weak economic data from the U.S..
06/12/2023 Oil prices were steady on Wednesday, as investors weighed the effectiveness of an extension in OPEC+ cuts in tightening supply against a worsening demand outlook in China.
07/12/2023 Oil prices reclaimed some ground on Thursday after tumbling to a six-month low in the previous session but investors remained concerned about sluggish demand and economic slowdowns in the U.S. and China.

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