Brent climbs as Norway halts its largest oilfield, tightening global supply amid geopolitical tensions and market uncertainty.
Oil prices retreated on Tuesday after the previous day's rally driven by halted production at Norway's Johan Sverdrup oilfield, but investors remained cautious amid fears of a potential escalation in the Russia-Ukraine war.
Oil edged higher in Asia's morning trade on supply outage concerns and geopolitical risks.
Spirit Airlines Inc (SAVE) today filed for Chapter 11 bankruptcy protection amid mounting losses and $1.1 billion in debt.
U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining by more than 100 points on Monday.
Singapore oil tycoon OK Lim, one of the country's wealthiest men, has been sentenced to 17.5 years in jail for cheating HSBC and instigating forgery. Weilun Soon looks at one of Singapore's biggest trading scandals as it draws to a close Click Here
The crude oil markets are a bit mixed in the early hours of Monday, as the two markets that I follow here at FX Empire are sitting on major support levels. Because of this, the short-term traders out there are likely to be interested in these assets.
Helima Croft discusses the potential impact of Chris Wright as Secretary of Energy, expecting less regulation and a rollback of Biden's LNG pause. She highlights the role of shareholder demands in drilling decisions and suggests that stricter U.S. sanctions on Iran could reduce oil exports.
Donald Trump's call to undo Biden-era regulation isn't welcome news for all fossil-fuel producers.
Oil futures were finding some buying interest Monday morning after a weekend decision by President Joe Biden to allow Ukraine to use U.S.-supplied long-range missiles to strike deeper inside Russia.
Tensions escalate in Ukraine, lifting oil prices temporarily, while weak Chinese demand and surplus forecasts maintain bearish market sentiment.
China's declining refinery output and weak demand weigh on price recovery, despite geopolitical tensions and market volatility.