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Brent crude oil futures were up 91 cents, or 1.2%, at $77.99 per barrel at 1417 GMT.

Oil prices bounce back from multi-week lows

Oil prices rebounded today from multi-week lows as disruption to Libyan oil loading operations offset fears of weaker demand linked to soft economic data from China and rising temperatures elsewhere.

Business • 28 Jan 25

Brent crude futures fell 60 cents, or 0.8%, to $77.90 a barrel by 1300 GMT.

Oil falls as Trump's Colombia sanctions threat reversed

Oil prices retreated today after the US pulled back from initial sanctions threats against Colombia, reducing immediate concern over oil supply disruptions, though US President Donald Trump's muscle-flexing is keeping markets twitchy.

Business • 27 Jan 25

Uncertainty over how proposed tariffs and energy policies would affect global economic growth and energy demand also weighed on prices.

Oil prices fall as Trump urges lower oil costs

Oil fell more than 1% today after US President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.

Business • 23 Jan 25

Brent crude futures were 18 cents, or 0.2%, lower at $79.11 per barrel at 1415 GMT.

Oil prices steady as investors watch Trump policies

Oil prices held steady today, with traders closely watching President Donald Trump's proposed tariffs and the potential impact of the national energy emergency he declared on his first day in office.

Business • 22 Jan 25

World oil prices advanced more than 1% last week for a fourth consecutive weekly gain

Oil prices slide as market awaits Trump's return

Oil prices slipped today as US President-elect Donald Trump's inauguration is expected to bring a flurry of policy announcements that may clarify how he plans to end the Russia-Ukraine war, boost US oil and gas production and lower costs for consumers.

Business • 20 Jan 25

Brent futures rose $1.40, or 1.8%, to $81.16 a barrel by 1618 GMT

Oil prices climb 2% to four-month high

Oil prices climbed about 2% to a four-month high today on expectations that wider US sanctions on Russian oil would force buyers in India and China to seek other suppliers.

Business • 13 Jan 25

Brent oil is on track for a 3% weekly gain, while WTI is set for a 4.6% increase

Oil heads for weekly gains on colder weather

Oil prices ticked up today and were set for weekly gains after closing the previous session at their highest in more than two months, underpinned by colder European and US weather and additional economic stimulus flagged by China.

Business • 03 Jan 25

For the year, the price of Brent oil declined 3.2%, while WTI was down 0.1%

Oil prices set for second annual loss in a row

Oil prices were on track to end 2024 with a second consecutive year of losses, but were steady on the day as data showing an expansion in Chinese manufacturing was balanced by Nigeria targeting higher output next year.

Business • 31 Dec 24

World oil prices rose about 1.4% last week buoyed by a larger-than-expected drawdown from US crude inventories

Oil prices drift higher in sparse holiday trade

Oil prices edged higher today in thin end of the year trade as investors awaited more Chinese and US economic data later this week to assess growth in the world's two largest oil consumers.

Business • 30 Dec 24

Supply and demand changes in December have been supportive of their current less-bearish view so far, the analysts said in a note.

Oil prices rise in thin pre-holiday trade

Oil prices rose today, reversing the prior session's losses, buoyed by a slightly positive market outlook for the short term, despite thin trade ahead of the Christmas holiday.

Business • 24 Dec 24

Brent crude futures rose 37 cents, or 0.5%, to $73.31 a barrel by 0729 GMT

Oil up as cooling US inflation points to possible easing

Oil prices rose today as lower-than-expected US inflation data revived hopes for further policy easing, although the outlook for a supply surplus next year weighed on the market.

Business • 23 Dec 24

Brent crude futures fell 53 cents, or 0.71%, to $73.96 a barrel by 1300 GMT

Oil prices drop on soft Chinese spending data

Oil futures dropped from their highest levels in weeks today, pressured by weakness in consumer spending in China, the world's largest oil importer.

Business • 16 Dec 24

World oil prices had risen more than 1% yesterday

Oil prices steady as Syria concerns ease

Oil prices were little changed today as concerns eased about the fallout from the overthrow of Syria's president while the market found support from Chinese stimulus that could boost demand from the world's biggest crude buyer.

Business • 10 Dec 24

OPEC+ had been planning to start unwinding cuts from October 2024.

Oil rises after OPEC+ pushes back output hike

Oil prices rose today after OPEC+ decided to delay itsplanned output increase by three months to April 2025, and extend the full unwind of production cuts by a year until the end of 2026.

Business • 05 Dec 24

Brent crude futures rose 76 cents, or 1.06%, to $72.59 a barrel by 1131 GMT

Oil prices nudge higher ahead of OPEC+ meeting

Oil prices climbed nearly 1% today, as investors hone in on the outcome of an OPEC+ meeting later this week.

Business • 03 Dec 24

World oil prices fell over 3% last week on eased supply concerns from the Israel-Hezbollah conflict and 2025 surplus forecasts

Oil up on upbeat China data, Israel-Lebanon ceasefire

Oil prices rose more than 1% today, supported by strong factory activity in China and escalating tensions in the Middle East, where Israel resumed attacks on Lebanon despite a ceasefire deal.

Business • 02 Dec 24

Brent crude was down 45 cents, or 0.6%, at $72.83 a barrel by 1214 GMT

Oil prices head for 3% weekly decline

Oil prices fell today, heading for a weekly drop of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as OPEC+ is expected to extend output cuts.

Business • 29 Nov 24

Brent and WTI have lost between 2.5% and 3% so far this week

Oil prices up as Israel says ceasefire violated

Oil prices ticked up today after Israel and Lebanese armed group Hezbollah traded accusations that their ceasefire had been violated, and as Israeli tanks fired on south Lebanon.

Business • 28 Nov 24

For the week, Brent is set to fall over 2% while WTI is set to decline more than 3%

Oil prices set for weekly loss on China demand fears

Oil prices edged lower today, heading for a weekly loss, as investors digested waning Chinese demand and a possible slowing of the US Federal Reserve's interest rate cut path.

Business • 15 Nov 24

Brent crude futures were up 70 cents to $72.98 a barrel at 1401 GMT.

Oil prices rebound 1% after dollar-related sharp declines

Oil prices rose about 1% today, paring some of the sharp declines seen earlier this week due to a stronger US dollar and worries about rising supply amid slow demand growth.

Business • 14 Nov 24

Brent futures were 65 cents, or 0.9%, lower at $71.24 a barrel at 1434 GMT.

Oil slips towards 2-week low on gloomy demand outlook

Oil prices slipped today, trading near their lowest in two weeks, a day after OPEC lowered global oil demand growth forecasts for 2024 and 2025 and amid demand concerns in China.

Business • 13 Nov 24

World oil prices fell today, after China's stimulus plan disappointed investors

Oil falls as China stimulus fails to boost sentiment

Oil prices fell by more than $2 a barrel today after China's stimulus plan disappointed investors seeking fuel demand growth in the world's second-biggest oil consumer and as the US dollar edged higher.

Business • 11 Nov 24

All the while the market was trying to guess how President-elect Donald Trump's policies would affect supplies.

Oil steadies as investors digest US election fallout

Oil prices stabilised today, hovering around flat the day after an extremely volatile session, pressured by a strong dollar and lower crude imports in China but supported as some US drillers cut output while bracing for Hurricane Rafael.

Business • 07 Nov 24

Brent crude oil futures were down 33 cents, or 0.44%, at $75.20 per barrel by 1654 GMT

Oil falls as Trump victory pushes dollar higher

Oil prices slipped today as investors weighed a strong dollar against the potential for re-elected US President Donald Trump's foreign policy plans to squeeze oil supply.

Business • 06 Nov 24

OPEC+ groups the Organization of the Petroleum Exporting Countries plus Russia and other allies

OPEC+ agrees to delay December output hike for a month

OPEC+ has agreed to delay a planned December oil output increase by one month, the group said, as weak demand notably from China and rising supply outside the group maintain downward pressure on the oil market.

Business • 04 Nov 24

Oil Prices