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Monday closing sees little change for oil futures

On Monday, crude oil futures settled on a largely mixed note, as U.S. oil moves were pressured further by the growth in coronavirus cases. However,...

Oil prices hang in the balance as coronavirus crisis continues

Oil futures from last week into Monday showed mixed results due to the continued rise in coronavirus cases in the U.S. This has resulted in...

Crude oil prices jump again as rally continues, fuel demand increases

Crude oil prices continued its rally as the Energy Information Administration (EIA) released an oil inventory report for the week that ended on May...

Crude oil prices rally further, but shale threatens

Crude oil prices rose at the end of May 19, with both Brent Crude and West Texas Intermediate ending the day past US$30 ...
Surprise production cuts from Saudi Arabia shocked the oil market

Surprise production cuts from Saudi Arabia shocked the oil market

The oil market was rattled after Saudi Arabia, the world's oil giant, announced a voluntary production cut this week. In light of recent events speculated...
Persistent glut worries dog oil price anew as it drops to 2% today

Persistent glut worries dog oil price anew as it drops to 2% today

The oil price of crude in the market went down today after cautious wins earlier this week. CNBC reports that despite gains made earlier this...

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