The OPEC announcement over the weekend was widely seen as a plan to add back production from members’ current coordinated ...
July WTI crude oil (CLN24) on Monday closed down -2.77 (-3.60%), and July RBOB gasoline (RBN24) closed down -8.18 (-3.39%).
Oil prices are under pressure as bearish sentiment builds due to OPEC+ underwhelming the market with its commitment to extend ...
Investing.com-- Oil prices fell to four-month lows Tuesday, as OPEC+ signaled it will begin tapering off its production cuts this year just as demand worries intensified following weak data from major ...
The crude oil market fell yet again on Tuesday, as the markets continue to price in the idea that the economy is falling ...
This was announced by the Department of Mineral Resources and Energy (DMRE) in a statement on Tuesday, 4 June. Petrol 93 and ...
Brent crude futures fell $1.14 to $77.22 a barrel at 0825 GMT, while U.S. West Texas Intermediate crude futures eased $1.23 ...
Consumer expectations: Falling oil prices can lead to a general expectation of easing inflation among consumers, especially in a challenging economic environment when consumer budgets are tight. This ...
SINGAPORE - Oil extended losses after major oil-producing countries set out a plan to return some barrels to the market this ...
Stock markets, meanwhile, mostly rose on renewed hopes for US interest-rate cuts. Oil prices slipped after Saudi-led OPEC and ...
On Monday, oil prices experienced a significant drop as investors assessed a complex agreement announced by the OPEC+ alliance, which involves extend ...
US stocks are looking to build on their strong performance in May as hopes for rate cuts revive and the meme stock mania ...