RSS Items

Airlines have been snapping up oil derivatives contracts as the Israel-Hamas war raises the specter of a surge in fuel bills.

Oil set its fourth straight weekly gain as product markets remain tight amid strong demand, eclipsing concerns about an economic slowdown that have roiled financial markets.

Oil marked its first monthly decline since November as OPEC+ completed the return of output it halted during the pandemic and signs emerged that the US economy was on weaker footing than expected.

Oil rose to a three-month high, closing above a key technical barrier, as signs of a tighter crude market outweighed the prospect of another hike from the Federal Reserve.

Oil climbed to the highest in almost nine months on concern that a possible escalation of the conflict between Russia and Ukraine may choke off more supplies in an already tightening market.

Oil held above the $90-a-barrel threshold as escalating tensions in the Middle East prompt a dramatic repricing of geopolitical risks.

Oil posted a modest decline amid signs that supplies are rebounding while concerns linger about demand in China, the world's biggest crude importer.

Crude futures pushed through 200-day moving average and then held momentum on the week.

Oil held steady in a lukewarm session after concerns that supplies are overtaking demand triggered the longest weekly losing streak in five years.

The American Petroleum Institute and ExxonMobil Corporation issued a response.