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Oil prices rise on Middle East conflict
Oil prices post losses for the month and quarter on bets for a supply surplus
Oil futures ended Monday with losses for the session, month and quarter, pressured by expectations that major oil producers will boost production in December — leading to a surplus of supplies as the outlook for demand remained uncertain.
Oil prices rise on Middle East conflict, but set for monthly loss
Oil prices rose on Monday on fears of a widening conflict in the Middle East curtailing Iranian crude supply, but prices were headed for a third straight monthly loss because of concerns about waning global demand.
Oil prices set to fall for third month despite Middle East conflict
On Monday prices had been supported by the possibility that Iran, a key producer and member of the Organization of the Petroleum Exporting Countries, may be directly drawn into a widening Middle East
3h
US buys 6 million barrels of oil for Strategic Petroleum Reserve
The U.S. has bought 6 million barrels of oil for the Strategic Petroleum Reserve for delivery through May 2025, the ...
13h
Oil Forecasts Cut for 5th Straight Month on Demand, OPEC Uncertainty
(Reuters) - Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and ...
9h
Oil Update - September 2024
This past month’s movements in oil prices seemed rather severe. Only a few weeks ago, some were talking about Brent oil ...
7h
on MSN
Oil market more focused on Chinese demand than Middle East tensions, says RBC's Helima Croft
Helima Croft, RBC Capital Markets head of global commodity strategy, joins 'Money Movers' to discuss how stable oil supply ...
13h
Libya Set to Revive Halted Oil Production as Bank Crisis Eases
Libya’s eastern-based parliament approved a new central bank governor, ending a standoff over control of the OPEC member’s ...
4h
Second oil company CEO conspired with OPEC to keep prices high, FTC charges
Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices high.
8h
on MSN
Indian Oil Corp withdraws $2.6 billion rights issue
Refiner Indian Oil Corp is withdrawing its proposed 220 billion rupee ($2.63 billion) rights issue of shares, it said on ...
7h
US Oil Demand Grew to Highest Seasonal Level Since 2019 in July, EIA Data Shows
Total oil consumption rose 1.2% from June to 20.48 million barrels per day (bpd) in July, the highest for that month since ...
Opinion
1d
Opinion
Mills: EIA expects oil and natural gas prices to rise
Mills: Crude oil and natural gas prices were flat the first half of September, but the Energy Information Administration ...
22h
Former Singapore Oil Mogul to Pay Liquidators, HSBC $3.6 Billion
Singapore’s High Court approved former oil tycoon Lim Oon Kuin’s agreements to pay about $3.59 billion to the liquidators of ...
3h
This Is The Type Of Oil KFC Uses For Its Fried Chicken
If you've ever wondered what kind of oil KFC uses to fry its famous fried chicken, we have the answer - and it's healthier ...
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