Oil Markets

Oil prices climb for second day amid hopes for output cut by US producers, but Saudi Arabia, Russia price war trim off gains

Saudi Arabia said on Tuesday it would boost its oil supplies to a record high in April, raising the stakes in a standoff with Russia and effectively rebuffing a suggestion from Moscow for new talks on production levels

Oil gains trimmed as tensions on Iran strike recede temporarily; crude production facilities remain unaffected in attacks

Analysts said oil markets remained focused for now on the precise nature of the targets in the attack.

Crude oil prices rise on deepening OPEC supply cuts, sanctions on Venezuela; analysts say demand weakens

US West Texas Intermediate (WTI) crude oil futures were at $53.66 per barrel, up 56 cents, or 1.1 percent, from their last close.

Oil drops as volatile markets, supply surge unsettle investors; US crude production at record high in 2018

The slowdown in China and turmoil in stock and currency markets is making investors nervous, including in oil markets.

Fuel prices cut for fourth consecutive day; petrol rate falls below Rs 70-mark in Delhi for the first time this year

Oil markets rose on Monday on signs that the recent price plunge may start crimping supply from the United States though concerns about the global economy continued to weigh.

OPEC looks to cut oil production to support falling price; key ally Russia likely to agree, say analysts

Experts say this week's meeting of the OPEC will influence the price of oil over the coming months.

Crude oil market on alert as US sanctions on Iran come into force tomorrow; Saudi claims it can respond to shortfall

Going after Iran's oil money will hit Tehran where it hurts, but it also means hitting a major pillar of the global oil market — Iran is the OPEC cartel's third-largest producer — with major consequences for world supply.

Crude oil prices fall over 1.5 percent on OPEC's deal to raise output, but markets to remain tight

Prices initially jumped after the OPEC deal was announced late last week as it was not seen boosting supply by as much as some had expected

Crude oil prices fall below $50 a barrel for first time since May 2009

Oil markets had slumped for a fourth straight session on Tuesday as mounting worries about the supply glut pressured crude prices, which have fallen almost 10 percent this week.

Oil jumps to over $101 amid rising Iran tensions

Oil prices jumped to over $101 a barrel on Tuesday amid concerns that rising tensions between Western powers and Iran could lead to crude supply disruptions.