Oil hits new highs as tighter supply offsets China demand concern
(Reuters) – Oil hit new peaks on Wednesday with Brent crude touching the highest since April as tighter supply owing…
Oil prices fall sharply after weak Chinese trade data
Crude oil prices fell Tuesday after weak trade data from China pointed to a sluggish post-COVID rebound for the world’s…
Oil dips after sustained rally bolstered by supply cuts
(Reuters) -Oil prices edged lower following a protracted rally, but retained support from pledges by top producers Saudi Arabia and…
Aramco Q2 profit drops 38% to $30.1 billion, boosts dividend
(Reuters) -Saudi Arabian state oil giant Aramco (TADAWUL:2222) reported a near 38% drop in second-quarter net profit on Monday amid…
Oil prices rise on extended supply cuts; payrolls disappoint
Crude oil prices rose Friday, on course for their sixth consecutive week of gains, after top producers Saudi Arabia and…
Oil prices rebound as bullish inventory draw helps risk sentiment
Crude oil prices rebounded Thursday after the previous session’s sharp losses, as worries over tight global supplies offset the hit…
Gold sinks as dollar surges on strong payrolls data
Gold prices edged lower on Thursday and were nursing steep losses for the week as signs of a resilient U.S.…
Oil prices ease despite US inventory drawdown
(Reuters) – Oil prices eased on Wednesday after sharp gains, but remained near their highest levels since April, as crude…
Oil steadies near three-month high on tighter supplies
(Reuters) -Oil hovered around three-month highs on Tuesday as investors focused on tightening global supplies and demand growth in the…
Crude oil higher; U.S. GDP suggests resilient economy
Crude oil prices rose Thursday, boosted by signs of resilient economic activity in the U.S. as well as expectations of…