Rigzone Industry News

Oil notched a weekly gain while futures stayed in a narrow range, with the outlook for supply and inflation in focus.

Oil erased earlier losses to close higher, but remained within a tight range as traders weighed shrinking US stockpiles and the outlook for inflation in the world's largest economy.

Oil edged higher as traders balanced broader risk-on sentiment with concerns about consumption after the International Energy Agency slashed its demand forecast.

OPEC+ is once again grappling with the thorny question of how much oil its members are actually capable of pumping.

Oil fell as US economic data showed inflation remains elevated, adding to bets the Federal Reserve won't rush to cut interest rates this year.

Oil edged higher as signs of a tighter market vied with decreased geopolitical risks to keep prices locked in a narrow band.

Oil edged higher as key technical levels provided a floor for losses while investors digested a mixed US inventories report.

Occidental said lower lease operating costs in the U.S. offset weaker global oil prices and lower domestic petroleum volumes.

Oil climbed after government data showed a decline in US stockpiles, signaling a tighter physical market.

Oil steadied as geopolitical tensions remain elevated and technicals provided critical support after a monthlong slump.