Brent slumps under $80 as investors wary of new variant Brent slid nearly 4% to below $80 a barrel this morning as a new Covid-19 variant spooked investors, adding to concerns that a global supply ... Business • 26 Nov
Oil traders focus on OPEC+ response to US-led release Oil prices fell slightly today, as investors eyed how major producers respond to the US-led emergency oil release designed to cool the market and with ... Business • 25 Nov
Oil steady as investors question reserve release effect Oil prices were steady today as investors questioned the effectiveness of a US-led release of oil from strategic reserves and turned their focus to how ... Business • 24 Nov
Oil up as investors look past possible reserve releases Oil prices rose today, after wild swings the day before, as investors bet that potential coordinated releases by major economies of their official crude reserves ... Business • 19 Nov
Oil falls as China readies crude oil reserve release Oil prices slid to six-week lows today as China said it was moving to release strategic reserves after a Reuters report that the US was ... Business • 18 Nov
Oil extends losses triggered by US inflation fears Oil prices dropped to $82 a barrel today, extending sharp falls triggered by concerns over rising US inflation while OPEC cut its 2021 oil demand ... Business • 11 Nov
OPEC rebuffs US calls for speedier oil output increases OPEC and its allies agreed at a meeting today to stick to plans to raise oil output by 400,000 barrels per day (bpd) from December, ... Business • 04 Nov
Oil prices drop on China fuel reserves release Oil prices dropped today as China's release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a ... Business • 01 Nov
Oil stays near $85 a barrel, Brent eyes 7th weekly gain Oil prices stayed near multi-year highs today, erasing some earlier losses in Asian trading hours, with concerns about tight supply and stockpiles fuelling bullish sentiment. Business • 22 Oct
Oil hits multi-year high above $86, then pulls back Oil hit a three-year high above $86 a barrel today driven by tight supply and a global energy crunch, although prices eased as some investors ... Business • 21 Oct
Oil down as China mulls intervention for coal crunch Oil prices fell today after the Chinese government stepped up efforts to tame record high coal prices and ensure coal mines operate at full capacity ... Business • 20 Oct
Oil up as Covid recovery, power generators stoke demand Oil prices hit multi-year highs today buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and ... Business • 18 Oct
Oil falls on concerns of faltering economic growth Oil prices edged down today on concerns that oil demand growth will fall as major economies suffer through inflation and supply chain issues though surging ... Business • 13 Oct
Oil rises for fourth day amid energy crunch Oil prices reversed early losses to extend gains today into a fourth day amid a rebound in global demand that is contributing to energy shortages ... Business • 12 Oct
World oil prices jump on global energy crunch Oil prices rose more than $2 today, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies ... Business • 11 Oct
Oil rises as global energy crunch takes hold Oil prices rose today to trade 4% up on the week, buoyed by a global energy crunch that has helped gas prices to record highs ... Business • 08 Oct
Oil falls again on unexpected rise in US inventories Oil prices fell sharply today, extending losses from the previous session, as the US said it was considering selling oil from its strategic reserves and ... Business • 07 Oct
Oil hits multi-year high on OPEC+ restraint amid crunch Oil prices dropped today after hitting a multi-year high above $83 a barrel, pressured by an American Petroleum Institute (API) report showing rising crude inventories ... Business • 06 Oct
OPEC+ agrees to stick to existing oil output plan OPEC and its allies agreed to stick to their existing agreement to add 400,000 barrels per day (bpd) of oil to the market in November, ... Business • 04 Oct
$80 oil sparks mixed fortunes for world economy Oil prices jumped above $80 this week for the first time in almost three years, handing a major boost to producers - but fuelling more ... Business • 29 Sep
Oil prices rise on expected US stocks draw Oil prices climbed over $1, extending overnight gains after industry data showed US crude stocks fell more than expected last week in the wake of ... Business • 22 Sep
Oil up as tight US supplies offset China reserves plan Oil prices rose this morning on growing signs of tightness in US markets after Hurricane Ida hit offshore output. Business • 10 Sep
Oil rises on low US output, disruptions in Libyan ports Oil rose more than 1% today as US Gulf of Mexico producers made slow progress in restoring output after Hurricane Ida and protesters blocked exports ... Business • 08 Sep
Oil rises on demand outlook, Gulf outages Oil prices rose today a rebound in global demand was widely expected and a slow recovery for the US Gulf Coast export and refining hub ... Business • 03 Sep
Oil drops after OPEC+ reaffirms supply return Oil prices fell today after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around ... Business • 02 Sep
