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Global Oil Price News
Global Oil Price
Oil price ends March with biggest monthly and quarterly losses ever
Wed, Apr 01, 2020
Crude oil price benchmarks ended a volatile quarter with their biggest losses in history, as both US and Brent futures were hammered throughout March on the global economic freeze due to the coronavirus.
Oil prices rise after bigger-than-expected fall in U.S. inventories
Thu, May 30, 2019
Oil prices climbed on Thursday after an industry report showed a decline in U.S. crude inventories that exceeded analyst expectations.
Oil dips after Trump calls on OPEC to ease high prices
Tue, Feb 26, 2019
Trump on Monday expressed concern about oil prices and repeated his previous calls on the Organization of the Petroleum Exporting Countries (OPEC) to keep prices steady.
Decline in oil price to continue; risk to inflation moderate: Report
Sat, Nov 10, 2018
In the past one month, crude prices declined by around USD 16/bbl as some nations got waivers to import oil from Iran, amid signs that other OPEC members will pump more to offset any supply gap.
Oil falls below $70 as U.S. crude enters "bear market"
Fri, Nov 09, 2018
U.S. light crude fell to an eight-month low below $60 a barrel, hitting a trough of $59.78, down 89 cents and off more than 20 percent since early October. That puts the U.S. contract officially in "bear market" territory, borrowing a definition commonly used in stock markets.
Oil prices hold ground, but set for 4 percent weekly fall
Fri, Oct 12, 2018
Wall Street extended its slide into a sixth session and a global equity index fell to a 1-year low on Thursday as investors feared an escalating U.S. trade war with China and risks from a recent climb in interest rates. Japan`s Nikkei was slightly lower in early trading on Friday.
Oil takes breather from losses but oversupply concerns remain
Tue, Aug 02, 2016
Global fuel inventories are brimming as refineries have churned out huge volumes of diesel, gasoline and jet fuel but the supply glut has diminished profit margins and demand has been unable to keep up with supply.