Rigzone Industry News

Oil climbed to near its highs for the year after a US report showed signs of rising fuel demand heading into the summer driving season.

Oil edged lower, with technical support levels limiting its losses amid risk-off sentiment in broader markets.

Oil retreated after hitting resistance near $80 a barrel as the OPEC+ coalition met expectations with its latest production move.

OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.

Oil extended this year's rally to almost $80 a barrel amid signs of a tightening physical market.

Oil majors voiced their frustration at Nigeria's slow progress in approving asset sales in the West African nation.

Oil posted a second straight monthly gain as physical markets show signs of strength and traders look ahead to OPEC+ potentially extending its supply cuts.

'This is a deeply tragic incident'.

Oil fell after trading in a narrow range as traders weighed rising US crude inventories against expectations that OPEC+ will extend supply cuts.

Oil rose, bolstered by pockets of strength in physical crude markets, while traders weighed the potential for OPEC+ to extend its output cuts.