Oil prices fell on Monday as weak economic data from China and a broader market downturn signalled a tough outlook for demand. Brent crude for April delivery was $70.25, down 0.2% after consumer inflation in the People's Republic turned negative for the first time in over a year, reinforcing concerns about weak demand from the world's biggest oil importer.
Weak economic signals and shifting tariffs keep oil and gas volatile. Will OPEC+ production hikes and inflation data shape the next trend?
Oil prices fell on Monday as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets.
Oil fell in the early Asian trade as traders digested mixed developments.
Crude oil falls as demand concerns rise, but Russian sanctions could shake up the market. Is this a turning point for oil futures?
CNBC's Pippa Stevens reports on news regarding the energy stocks.
The crude oil markets continue to defend the same level that they have for the past three years, as the market has been rangebound for what seems like a lifetime.
Oil futures rose Friday, finding support after Russia's deputy prime minister reportedly said OPEC+ could reverse its decision to begin increasing production next month if the market appears unbalanced.
Oil prices are rebounding after a five-day slump, but bearish pressure remains. OPEC+ supply hikes, U.S. tariffs, and demand concerns keep crude oil futures volatile.
Russia's Deputy Prime Minister Alexander Novak said on Friday that the OPEC+ group agreed to start increasing oil production from April, but could reverse the decision afterwards if there are market imbalances.
Oil prices dip as OPEC+ hikes output by 138K barrels/day, while demand concerns and rising U.S. crude inventories keep markets volatile.
Oil prices remain under pressure but may see a bounce after finding support near prior lows, while a weekly closing below $66.37 could confirm long-term weakness.