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 extends gains as Brent nears $65

2019-09-19 16:35:54 GMT (Economies.com)
Oil prices rose today as US dollar fell against a basket of currencies after the market absorbed the US inventories data while Saudi Arabia resumed its supply capacity.   Wall Street Journal ...

Oil rises as Saudi Arabia looks to buy supplies from Iraq

2019-09-19 13:12:38 GMT (Economies.com)
Oil prices rose as the US market opened today, to head for the first gain in 3 days, after news that Saudi Arabia is in negotiations with Iraq to buy supplies for its damaged oil facilities, while ...

Oil rises on concerns over Middle East tensions

2019-09-19 09:59:15 GMT (Economies.com)
Oil prices rose as the European market opened today, on fears the tensions in the Middle East, which have mounted after Saudi Arabia presented evidence proving Iran's involvement in the sabotage ...

Brent dips below $64 as US inventories rose unexpectedly

2019-09-18 16:43:05 GMT (Economies.com)
Oil prices fell today to keep losses after the release of US inventories data, which showed an unexpected rise for the first week in 5.   The Energy Information Administration (EIA) revealed ...

US oil inventories rise for the first week in 5

2019-09-18 15:14:56 GMT (Economies.com)
The US Energy Information Administration (EIA) revealed today that the US oil inventories rose by 1.1 million barrels, to a total of 417.1 million barrels, surpassing forecasts of a drop by 2 ...

Oil falls after Saudi Arabia's announcement

2019-09-18 09:40:59 GMT (Economies.com)
Oil prices fell as the European market opened today, to extend losses for the second consecutive day, after Saudi Arabia's Minister of Energy announced that full oil production levels will be ...

Brent drops 5.5% as Saudi works to restore output

2019-09-17 15:43:14 GMT (Economies.com)
Oil prices fell today to extend losses after several Saudi officials' remarks eased the market's concerns about the country's oil production.   Saudi sources said that Aramco's oil facilities ...

Oil approaches 4-month high ahead of US inventories data

2019-09-17 12:58:04 GMT (Economies.com)
Oil continued to rise in the European market today, to extend gains for the second day near the 4-month peak reached yesterday, on concerns over the suspension of Saudi Arabia's production for a long ...

Oil jumps near 4-month high on supply worries

2019-09-17 09:58:36 GMT (Economies.com)
Oil rose today, to extend gains for the second day near the 4-month peak reached yesterday, on concerns of Saudi Arabia's production suspension for a long time, as Aramco is expected to take months ...

Oil jumps as Brent posts biggest daily gain since 1988

2019-09-16 21:31:38 GMT (Economies.com)
Oil prices surged today after two terrorist attacks in Saudi Arabia which led to production suspension.   Saudi Arabia announced that Aramco's oil refineries in Khurais and Abqaiq were hit by ...

Oil extends gains as Brent jumps more than 12%

2019-09-16 16:09:45 GMT (Economies.com)
Oil prices jumped today, after two sabotage attacks on Saudi Aramco's oil facilities.   News agencies reported on the weekend two drone attacks on two Aramco's oil facilities in Abqaiq and ...

Oil jumps by 10% after sabotage attacks on Saudi facilities

2019-09-16 10:46:05 GMT (Economies.com)
Oil prices surged by more than 10% today, to 2-month high, and the largest daily rise since the Gulf War in 1991, after a sabotage attack on 2 Saudi oil facilities, which led to the stoppage of 5% of ...

Oil trims losses ahead of Baker Hughes oil rigs count

2019-09-13 17:00:26 GMT (Economies.com)
Oil  fell today despite dollar's drop, but trimmed its losses ahead of the release of the US drilling data by Baker Hughes.   Earlier this week, President Trump fired the national ...

Oil falls as WTI slumps below $55

2019-09-13 14:12:40 GMT (Economies.com)
Oil prices fell today ahead of the release of the US drilling data, despite dollar drop.   Baker Hughes will announce later today the US oil and natural gas drilling rigs count.   By ...
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