Oil steadies as IEA hikes 2022 demand growth forecast Oil prices steadied today after the International Energy Agency raised its oil demand growth forecast for this year as soaring gas prices drive some consumers … Business • 3 hrs
Oil rises as Russian pipeline halt revives supply fears Oil rose over $1 a barrel today, reversing an earlier decline, after Russia said oil exports to Europe via the southern leg of the Druzhba … Business • 09 Aug
Oil stays near multi-month lows on demand worries Oil prices inched up from multi-month lows today as lingering worries about demand weakening on the back of a darkened economic outlook outweighed some positive … Business • 08 Aug
Oil prices fall on recession fears Oil prices rose today, bouncing off their lowest levels since February in the previous session, as supply shortage concerns were enough to cancel out fears … Business • 05 Aug
Oil prices fall on economic concerns Oil prices fell today, pressured by concerns economic weakness in the US and Europe would cut demand, but prices seesawed as the market also considered … Business • 04 Aug
Oil up ahead of OPEC+ meeting as demand concerns weigh Oil edged up today ahead of a meeting of OPEC+ producers this week that may not lead to a further boost in crude supply, although … Business • 02 Aug
Oil down over $4 ahead of potential large US rate hike Oil prices fell more than $4 today as investors focused on the prospect of a large US rate hike later this month that could stem … Business • 14 Jul
Oil rebounds after sell-off despite US stockbuild Oil prices were little changed today after US oil inventories rose and after US inflation figures bolstered the case for another big Federal Reserve interest … Business • 13 Jul
Oil up as tight supply outweighs recession fears Oil prices rose steeply today after sharp losses in the previous two sessions, as investors returned their focus to tight supply even as fears of … Business • 07 Jul
Oil drops to 12-wk low on recession, Covid-19 worries Oil prices dropped to a 12-week low in volatile trade today, extending Tuesday's heavy losses as growing fears of demand destruction from a global recession … Business • 06 Jul
Oil slumps as recession fears darken demand outlook Oil plummeted by about $10 a barrel today on concerns of a looming global recession curtailing demand, even with expected supply disruptions as oil and … Business • 05 Jul
Oil rises as tight supply trumps recession fears Oil rose today as supply concerns driven by lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of demand-sapping global recession. Business • 04 Jul
Oil prices up over $1 but set for second weekly drop Oil rose by more than $1 a barrel today supported by tight supply, although crude was heading for a second weekly fall on concern that … Business • 24 Jun
Oil rebounds as investors assess recession risks Oil prices edged higher today after earlier falls as investors weighed the risks of recession and how fuel demand will be affected by rising interest … Business • 23 Jun
Oil slumps as Biden pushes for US fuel cost cuts Oil prices tumbled about 3% today as investors worried that rate hikes by the Federal Reserve could push the US economy into recession, dampening demand … Business • 22 Jun
Oil prices climb $2 on strong demand, tight supply Oil rose $2 per barrel today on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of … Business • 21 Jun
Oil prices stable after last week's losses Oil prices swung higher in volatile trading today, as traders focused on tight supplies over slowing global economic growth. Business • 20 Jun
Oil prices fall to three-week low over economy fears Oil prices have tumbled about 5% to a three-week low, led by a slump in US gasoline futures, as investors worried interest rate hikes from … Business • 17 Jun
Oil falls after US rate hike, but tight supply in focus Oil prices erased early gains to head lower today, a day after a fall triggered by a US interest rate hike, though tight supply limited … Business • 16 Jun
Oil up as tight supply counters Covid, recession woes Oil prices rose about 2% today as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh Covid-19 … Business • 14 Jun
Oil rises on relaxed China Covid curbs, tight supplies Oil prices edged higher today on an expected demand recovery in China as the world's second-biggest economy relaxes tough Covid-19 curbs, and on doubts that … Business • 07 Jun
Oil slips after OPEC+ hike, tight supply limits loss Oil slipped today after OPEC+ decided to increase production targets by slightly more than planned, although tight global supply and rising demand as China eases … Business • 03 Jun
Oil rises after US crude drawdowns, supply tightness Oil prices edged higher today after US crude inventories fell more than expected amid high demand for fuel and OPEC+ agreed to boost crude output … Business • 02 Jun
Oil rises as EU agrees to ban most Russian oil Oil prices extended a bull run today after the European Union agreed to a partial and phased ban on Russian oil and China decided to … Business • 31 May
Oil above $120 a barrel as EU meets on Russia sanctions Oil prices climbed above $120 a barrel today, hitting their highest in more than two months as traders priced in expectations that the European Union … Business • 30 May
