Oil slips as OPEC+ proceeds with September output hike
- 04-Aug-2025
Oil prices extended declines on Monday after OPEC+ agreed to another large production hike in September, with concerns about a slowing economy in the U.S., the world’s biggest oil user, adding to the pressure. Brent crude futures fell 40 cents, or 0.57%, to $69.27 a barrel by 0115 GMT while U.S. West Texas Intermediate crude […]
Oil slips as Trump’s 50-day deadline for Russia eases supply fears
- 16-Jul-2025
Oil prices dropped by less than 1% on Tuesday after US President Donald Trump’s 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply disruption Brent crude futures settled down 50 cents, or 0.7%, at $68.71 a barrel. US West Texas Intermediate crude futures were down […]
Oil slips after Saudi-driven rally while equities edge higher
- 07-Jun-2023
Oil prices slid Tuesday as dealers mulled the weak demand outlook after having rallied the previous day on output cuts from key crude producer Saudi Arabia. Europe’s Brent oil contract and US counterpart WTI crude fell more than two percent before trimming losses, one day after bouncing on news that Riyadh slashed daily output by […]