Crude Oil

Oil prices rebounded slightly on Thursday morning in Asia trading after falling to multi-month lows earlier on the back of a sudden rise in inventories that signaled a fall in U.S. demand. What Happened: U.S. crude inventories rose by 4.5 million barrels to 426.6 million barrels in the week ended...

Oil continued its downward trend during Tuesday morning trading session in Asia after several countries reported weak manufacturing data stoking fears of sluggish demand. Surveys from the United States, Europe and Asia showed that factories struggled for momentum in July, reported Reuters. Factory...

Oil prices fell on Monday morning in Asia trading ahead of a crucial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies on Wednesday that marks the conclusion of the 2020 output reduction pact. Weak manufacturing data from China and Japan also hung...

Oil prices rose marginally higher in Asia trading on Friday morning, driven by tight supplies and a weak dollar, as investors shifted their focus to a planned meeting between the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia next week. Price...

Oil climbed in Thursday morning Asia trade as U.S. crude stockpiles fell by the most since the end of May, while exports hit a record high, reported Bloomberg. The U.S. Federal Reserve’s dovish stance on future rate hikes also supported the commodity. Also Read: Alibaba Falls, Hang...

Oil rose in Asia trading on Tuesday morning, driven by anticipation that Russia's reduction of natural gas supply to Europe would prompt a switch to crude, although demand concerns on possible U.S. rate hikes kept a lid on gains. What Happened: Russia’s multinational energy...

Russia became the fourth-largest oil exporter to India in April as low prices spur demand from one of the world’s largest oil consumers and importers, according to Refinitiv data. The tanker tracking data showed that Russia's share in India's oil purchases rose to a record 6% in April...

Oil futures dropped in the early hours of Thursday as the United States considered releasing millions of barrels from the country’s strategic reserve over several months. Oil Drops: ICE Brent Crude May 22 futures traded 3.9% lower at $109.02 at press time, while WTI Crude May 22 futures...

The worsening oil supply shortage in the wake of the Russian invasion of Ukraine has sent pump prices to record highs in recent weeks, sparking fears of a catastrophic global oil crisis and soaring inflation. Despite these concerns, the Organization of Petroleum Exporting Countries (OPEC) and other...

Crude oil prices recently reached their highest levels in 13 years after President Joe Biden banned all imports of Russian fossil fuels in response to the country's invasion of Ukraine. While crude oil is the main driver of global market uncertainty, a number of other commodities have also...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The commodity continues rallying. On Monday, 31 January, Brent is trading above $91 and may soon update its highs. The key trigger that pushes the rally is that investors remain confident of the supply shortage in the commodity market. It was...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Monday, 17 January, the Brent price remains “in the black”; investors are clearly intending to update 7-year highs in the instrument. Brent is trading at $86.40 and may continue improving. So, the oil is trading close to its 7-year...

There’s a mixed tone early after an overnight rally flagged amid political turmoil in Washington, D.C., and concerns about more supply chain challenges. The coming decisions around the budget, debt ceiling, and other issues on Capitol Hill really appear to be the focus this week in a big way...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. UUUU’s San Juan County Clean Energy Foundation designed to assist communities surrounding Energy Fuels’ White Mesa Mill in...

On this week's Drilling Deep podcast, two attorneys from the Benesch law firm, Helen Schweitz and Jonathan Todd join host John Kingston to discuss the ownership of the growing stream of data that trucks are producing on every trip. Whether it's through an ELD, a camera system, or a wired trailer,...