Oil News

Economies.com provides you with the latest news and fundamental analysis about Oil. Through this page you may read about all the economic and political events around the world affecting the Crude Oil Prices.
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Oil prices rise nearly 3% on global supply shortage concerns

2022-07-01 13:30:38 GMT (Economies.com)
Oil prices rose 3% in European trade after hovering near two-week highs for the last couple of days, now heading for the first weekly profit in a month.    Prices are also boosted by a ...

Oil prices hit two-week highs ahead of OPEC's meeting

2022-06-29 13:40:55 GMT (Economies.com)
Oil prices rose in European trade for the fourth straight session to two-week highs amid supply shortages following remarks by French President Emanuel Macron.   US crude stocks haven fallen ...

Oil prices decline ahead of US inventory data

2022-06-29 06:26:58 GMT (Economies.com)
Oil prices declined on Wednesday ahead of US inventory data and the OPEC + meeting.    OPEC and other independent producers are convening to discuss developments in the global oil market, ...

Oil prices surge to two-week highs on supply shortage concerns

2022-06-28 13:39:17 GMT (Economies.com)
Oil prices surged in European trade to two-week highs for the third session on supply shortage concerns as the UAE confirms it has reached upper capacity in oil production.    Global ...

Oil prices extend gains, Brent near $117

2022-06-28 06:59:01 GMT (Economies.com)
Oil prices rose on Tuesday on expectations of stronger demand and lower supplies from major world producers.    French President Emanuel Macron told his US counterpart Joe Biden that the ...

Oil prices extend recovery ahead of G7 decisions

2022-06-27 13:28:17 GMT (Economies.com)
Oil prices rose in European trade for a second session off six-week lows ahead of the G7 talks, which might lead to new sanctions on Russia.    Prices are also boosted by the decline in ...

Oil prices open the week lower, Brent slips under $113

2022-06-27 06:53:51 GMT (Economies.com)
Oil prices declined on Monday after marking weekly losses on concerns about  a global economic recession.    Marketa are pricing in Fed Chair Jerome Powell's testimony ahead of ...

Baker Hughes reports an increase in US oil rig count

2022-06-24 17:27:25 GMT (Economies.com)
Baker Hughes reported an increase in the US oil rig count this week to 594 rigs.    Natural gas rigs rose by 3 rigs to 157 rigs, while total oil and natural gas rigs rose by 13 to 751 ...

Oil prices gain ground as dollar slips

2022-06-24 05:54:56 GMT (Economies.com)
Oil prices rose in Asian trade with US crude off May 11 lows, while Brent climbed from May 19 lows, as the dollar index rebounded from December 2002 lows.   The gains came ahead of a spate of ...

Oil prices decline as dollar loses ground

2022-06-23 06:11:26 GMT (Economies.com)
Oil futures tilted lower in Asian trade off March 9 highs as the dollar index fell as well from December 2002 highs, ahead of a spate of US data later today, including Fed Chair Jerome Powell's ...

Oil prices decline to 6-week lows as Biden calls for fuel tax suspension

2022-06-22 12:46:26 GMT (Economies.com)
Oil prices declined over 5% in European trade with US crude falling for a second session, hitting six-week lows, while Brent hit five-week lows as US President Joe Biden asked for fuel tax ...

Oil prices decline over 3% as dollar gains ground

2022-06-22 06:06:24 GMT (Economies.com)
Oil futures declined over 3% in Asian trade off March 9 highs, marking May 19 lows as the dollar index bounced off June 10 lows for another session, as markets price in economic slowdown, which will ...

Oil prices extend recovery on higher fuel demand

2022-06-21 13:35:37 GMT (Economies.com)
Oil prices rose in European trade off five-week lows for another session as fuel demand increases in the summer in major consumers.    Prices are also supported by dollar's decline ...

Oil prices decline 1%, dollar slips

2022-06-20 06:01:36 GMT (Economies.com)
Oil futures declined nearly 1% in Asian trade off March 9 highs as the dollar index slipped from December 2002 highs.   Chinese central bank maintained rates unchanged as the economy continues ...
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