OPEC+ producers are not considering delaying a series of monthly oil supply increases that is scheduled to begin in April, Russian Deputy Prime Minister Alexander Novak said on Monday, Russia's RIA state news agency reported.
Crude oil steadies as traders watch key levels. Will a breakout above $72.08 fuel gains, or will prices drop below $70.35?
U.S. rig counts rise for a third week, raising concerns about oversupply. Will this cap oil and natural gas prices, or is there still room for a rally?
Oil prices fell for a fourth day on Monday on expectations a Russia-Ukraine peace deal could ease sanctions disrupting supply flows and on concerns that global tariff wars could slow economic growth and weaken energy demand.
Crude oil prices ticked higher amid waves of sanctions and global uncertainty, though Carley Garner expects oil prices to move lower overall over the next few months. @gasbuddy's Patrick DeHaan says part of that may come from President Trump's "drill, baby, drill" campaign.
Oil prices face volatility as supply risks clash with rising inventories. Will demand recovery support crude, or are more losses ahead?
Oil futures rose Friday and were on track to snap a streak of three straight weekly losses, finding support after President Trump didn't immediately impose reciprocal tariffs on U.S. trading partners.
Crude oil gains as trade war fears ease and demand outlook strengthens. Key support at $70.67-$71.51 in focus.
Oil prices rose in early trade on Friday, set to snap a three-week losing streak, amid rising fuel demand and expectations that Trump's plans for reciprocal global tariffs would not come into effect until April, giving more time to avoid a trade war.
Crude oil rebounded after hitting $70.59, but its bearish trend remains intact, with key resistance at $71.73 and further downside risk if support levels break.
The oil market reacts to the news Trump and Putin will likely meet in Saudi Arabia about Ukraine, the bond yields drop on a hot PPI and we'll learn more about reciprocal tariffs today. Manus Cranny reports
Muhammad Tamim, Iraq's deputy prime minister and minister of planning, says the decision to raise production will be examined strictly according to the interests of OPEC.