Oil set for 2% weekly gain on China holiday demand Oil prices slipped today but were headed for a gain of 2% for the week driven by tight US supply and expectations of strong fuel … Business • 19 hrs
Oil rises as supply concerns outweigh demand fear Oil prices rose today as renewed global supply concerns from Russia's fuel export ban counteracted demand fears driven by macroeconomic headwinds and high interest rates. Business • 22 Sep
Oil prices rise on supply deficit concerns Oil prices rose today for a fourth consecutive session as weak US shale output spurred further concerns about a supply deficit stemming from extended production … Business • 19 Sep
Oil hits 2023 highs on tight supply outlook Oil rebounded today, with Brent crude topping $93 a barrel for the first time this year, as expectations of a tighter supply outlook for the … Business • 14 Sep
Oil prices ease from 10-month highs but hold above $90 The benchmark oil price stabilised today, holding above $90 a barrel reached last week for the first time in 10 months following fresh Saudi and … Business • 11 Sep
Oil prices shuffle back as supply jitters shrugged off Oil prices reversed course today after rising over 1% in the previous session, on a firmer dollar and as investors shrugged off jitters arising from … Business • 06 Sep
Oil prices rise to highest in over seven months Oil prices rose today to their highest in over half a year and were on track to snap a two-week losing streak, buoyed by expectations … Business • 01 Sep
Oil rises on US stockpile draw and hurricane jitters Oil prices extended gains today after US government data showed tighter-than-expected crude supplies in the world's biggest fuel consumer, while a hurricane in the Gulf … Business • 30 Aug
Oil steadies as demand worries counter supply concerns Oil prices crept up today as supply concerns from a hurricane hurtling towards the US Gulf Coast limited bearish sentiment about the possibility of another … Business • 29 Aug
Oil inches up after China moves to support economy Oil prices ticked higher today after China took steps to support its flagging economy, though investors remained worried about the pace of growth as well … Business • 28 Aug
Oil slips as investors turn cautious Oil prices slipped today, still under pressure from the previous day's weak data from major economies, which had investors worried about the demand outlook and … Business • 24 Aug
Oil up 1% on tighter supplies and heating oil prices Oil prices edged higher today as tighter supply reflected in fewer exports from Saudi Arabia and Russia and high heating oil prices outweighed concern over … Business • 21 Aug
Oil prices wobble on worries over China economy Oil prices crept up today after China's central bank sought to stem the rising tide of pessimism over the country's property market and wider economy. Business • 17 Aug
World oil prices slip as China sours sentiment Oil prices edged lower today on sluggish Chinese economic figures coupled with fears that Beijing's unexpected cut in key policy rates was not substantial enough … Business • 15 Aug
IEA warns oil prices could rise further this year OPEC+ supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit global demand growth … Business • 11 Aug
Oil firms climb to multi-month highs Oil recouped early marginal losses on Thursday, climbing to multi-month peaks as the market weighed supply tightness concerns with fuel demand worries ahead of key … Business • 10 Aug
Oil hits new highs on US fuel demand, tighter supply Oil prices hit new peaks today with the global Brent benchmark touching its highest since January after a steep drawdown in US fuel stockpiles and … Business • 09 Aug
Oil set for sixth weekly gain on extended supply cuts 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 … Business • 04 Aug
BP boosts dividend even as profit slumps 70% to $2.6bn BP's second-quarter profit slumped 70% from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing … Business • 01 Aug
Oil on track for biggest monthly gains in over a year Oil prices were set to post their biggest monthly gains in more than a year today, on expectations that Saudi Arabia will extend voluntary output … Business • 31 Jul
Oil prices on track for fifth week of gains Oil prices were steady today, but on track for a fifth straight week of gains with investors optimistic healthy demand and supply cuts will keep … Business • 28 Jul
Oil climbs close to April peak on tighter supply Oil climbed today, with Brent crude topping $84 a barrel for the first time since April, supported by supply tightness owing to OPEC+ production cuts … Business • 27 Jul
Oil prices hit fresh 3-month highs Oil prices rose to fresh three-month highs today, as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy … Business • 25 Jul
Oil prices rise amid tight supply Oil prices rose today as tightening supply and hopes for Chinese stimulus measures underpinned Brent at well above $80 a barrel, even as traders expected … Business • 24 Jul
Oil edges higher, buoyed by tighter supplies Oil prices rose today, buoyed by evidence of tightening supplies and economic stimulus in slow-recovering China. Business • 21 Jul
