Rigzone Industry News

Oil eked out a gain after a muted session with traders on standby amid mixed economic signals.

'The chart gap seems almost by default to have become a dominant feature'.

Oil, whipsawed by volatile equity markets, fell the most since mid-March when a banking crisis battered the commodity, nullifying gains from a surprise production cut by OPEC+.

Oil fell amid widespread losses on Wall Street as lackluster earnings and diminished consumer confidence prompted broad selling.

Oil recouped some of last week's slump in lower-volume trading as many investors took a pause while awaiting further clues to demand.

Wartsila has been selected by Origin as preferred contractor for the delivery for one of Australia's largest energy storage projects.

Oil set its first weekly loss in a month after erasing most of the gains stemming from OPEC+'s surprise output cut.

Oil wiped out almost all of the gains stemming from OPEC+'s surprise output cut as signs of global economic slowdown compound a bearish technical correction.

Oil fell as the latest economic report revealed the slowdown effects of monetary tightening and pushed demand concerns to the market's forefront.

Oil clung to a slim gain as a weaker demand outlook blunts the impact from OPEC+ production cuts.