OANDA

West Texas Intermediate futures slid 3.4% as data showing a sharp economic contraction in the world’s top oil importer outweighed growing expectations that Europe may agree to curb crude purchases from Russia. Beijing is set to close gyms and cinemas over the Labor holiday that lasts through Wednesday, and Shanghai will keep virus measures in place.

Oil price slumps as Joe Biden pushes for US fuel cost cuts

June 22, 2022

Oil prices rose on Tuesday, amid an ongoing push by the European Union for the Russian oil imports ban.

Oil price hits $115 per barrel amid geopolitical tension to ban Russian crude

May 17, 2022

(FILES) In this file photo taken on December 17, 2020 shows shows a physical imitation of a Bitcoin at a crypto currency “Bitcoin Change” shop, near Grand Bazaar, in Istanbul. – Bitcoin soared above $50,000 for the first time on February 16, 2021, after surging by almost 75 percent this year as heavyweight companies lend their support to the world’s most popular virtual currency. At around 1235 GMT, bitcoin hit an all-time high at $50,547.70, a 4.4-percent gain since Monday. (Photo by Ozan KOSE / AFP)

Bitcoin falls below $30,000 — lowest since July 2021

May 10, 2022

Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has said under his leadership, no marginal field operator would be allowed to “trade” in papers issued by the organisation.

Marginal fields: We’ll not accept people trading in our papers – NUPRC boss

April 19, 2022

People look at trading boards at a private stock market gallery in Kuala Lumpur

Asian shares recover following talks between Russia and Ukraine

March 1, 2022

“CryptoForSA” account, is considered to be the most famous Arab account in the field of cryptocurrency.

Russia-Ukraine crisis: Crypto market loses $250 billion in hours

February 24, 2022

A money changer counts Turkish lira banknotes at a currency exchange office in Ankara, Turkey September 27, 2021. REUTERS/Cagla Gurdogan

Turkish lira rockets after President Erdogan’s promise to protect deposits

December 21, 2021

US stocks sink on new coronavirus variant

November 27, 2021

OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

Oil slips on fears over higher OPEC supply, slower China demand

March 2, 2021

FILE PHOTO - Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS-Brendan McDermid

Oil prices rise as optimism over economy outweighs fuel demand concerns

January 19, 2021

Oil prices edge up on strong China data, U.S. crude oil draw

January 14, 2021

Oil prices ease on surprise build in US inventory, demand worries

December 16, 2020

The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil prices fall sharply as virus cases surge, US vote drags on

November 6, 2020

Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound.

Oil prices slide in lockdown-driven rout

October 29, 2020

The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil down after US crude inventories rise against expectations

September 23, 2020