Oil

Written by Deep Kaushik Vakil and Nia Williams (Reuters) - Oil prices fell on Wednesday after hitting a seven-week high, as summer demand optimism and concerns about escalating conflicts outweighed an industry report that said inventories…

I see a chart formation indicating a reversal in the downtrend for WTI. How far can he go from here? West Texas Intermediate (USOIL) 4 hours Chart by TradingView This energy commodity has been on a sell-off since mid-April, with the…

Slavko Sereda/iStock via Getty Images Crude oil futures posted back-to-back gains to settle at a seven-week high on Tuesday, with geopolitics returning to influence markets with renewed ship attacks in the Red Sea and Ukrainian drone…

The Oracle of Omaha has its sights set on the oil industry. Berkshire Hathaway, the holding company run by investment titan Warren Buffett, has increased its stake in Houston-based Occidental Petroleum, purchasing shares over the past nine…

JPM Commodities Research said the estimated value of open contracts in global commodity markets rose 1% during the week to $15 billion, with gains driven entirely by the energy sector, while it expects LME copper prices to trade at around…

Basic overviewCrude oil reversed all its losses from the last week of May, when the market fell, despite OPEC+ extending voluntary production cuts, with the price falling out of a full month's range. It is possible that the decline…

Energy markets fell on Monday at the start of a holiday-shortened week, following the biggest weekly gain for crude oil in nearly two months, as traders assessed the demand situation and factory production data in China, while the…

Written by Colin Howe and Mohi Narayan NEW DELHI (Reuters) - Oil prices fell in Asian trading on Monday after a survey on Friday showed weak US consumer demand and with crude production rising in May in China, the world's largest…

Motorists are set to benefit from a significant drop in fuel prices over the next 18 months, with analysts predicting a significant drop in the cost of oil to $60 per barrel.The expectation of lower gasoline prices comes on the heels of…

Slavko Sereda/iStock via Getty Images Crude oil futures rose on Thursday, finding support in data that pointed to a slowing pace of inflation in the United States, with the May Producer Price Index coming in lower than expected a day…