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Oil slumps on weak economic data

Oil prices slumped on Wednesday on weak economic data from China and Europe and a rise in United States (U.S.) crude inventories, almost erasing the previous session’s sharp gains after the U.S. said it would delay tariffs on some Chinese products.

Oil prices fall on weak economic data from Europe, China

Oil prices fell on Wednesday on weak economic data from China and Europe and a rise in U.S. crude inventories, almost erasing the previous session’s sharp gains after the U.S. said it would delay tariffs on some Chinese products.

Oil rebounds on U.S-Chinese trade dispute

Oil prices rallied on Tuesday following reports that the U.S has decided to delay the next round of tariffs that were to be imposed on Chinese goods.

Oil prices fall as trade war concerns mount

Oil prices fell on Monday on global growth concerns after U.S. President Donald Trump threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers.

Oil drops below $65 on US Fed outlook, ample supply

Oil dropped below $65 a barrel on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and as rising U.S. output helped keep the market well supplied.

Oil rises on falling US stockpiles

Oil prices rose on Wednesday after industry data showed U.S. stockpiles fell far more than expected, alleviating concerns about oversupply, while major U.S. producers evacuated rigs in the Gulf of Mexico ahead of a brewing storm.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices drop as traders wait for G20, OPEC+ meetings

Oil prices fell on Thursday to erase some of the previous session’s strong gains, as traders wait for the G20 summit in Japan and for a meeting of OPEC and other crude producers to decide on an extension of output cuts.

Oil price sinks on rising crude, gasoline inventory

Crude prices trended lower on Thursday after the Energy Information Administration (EIA) reported a weekly build in crude oil inventories at 6.8 million barrels.

Oil set for worst week in six months as crude stockpiles surge

Oil prices dropped on Thursday, extending falls from the previous session amid surging U.S. crude inventories as low refinery runs and ongoing trade tensions weighed on the demand outlook.

Oil prices fall as US output hits record high

Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.

Oil prices dip as US output at record high since 2017

Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.

Oil falls after Donald Trump presses OPEC on Iranian sanctions

Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying after President Donald Trump demanded that producer club, OPEC, raise output to soften the impact of U.S. sanctions against Iran.

Oil set to extend long run of weekly gains in tense global market

Oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a hardening of sanctions on Tehran by the United States.

Oil prices hit 2019 highs after US ends Iran sanction waivers

Oil prices hit 2019 highs on Tuesday after Washington announced that all Iran sanction waivers would end by May, pressuring importers to stop buying from Tehran.

Oil prices slip to $71.43 per barrel

Oil markets fell on Thursday despite a surprise decline in U.S. inventories, but the price drops were tempered by a smaller-than-expected reduction in gasoline stocks and ongoing Organisation of Petroleum Exporting Countries (OPEC)-led supply cuts.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil slips to $71, hit by talk of higher OPEC production

Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts.

Oil pauses, focus on future supply direction

Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply.

Oil prices fall on surging US crude supply, economic slowdown

Oil prices fell on Thursday as U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production and as economic concerns cast doubt over growth in demand for fuel.

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