Us West-texas-intermediate

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Us West-texas-intermediate - Total results - 4
Oil prices rise after Saudi Arabia pledge to deepen production cuts in June; Brent crude up 1.3%
Business

Oil prices rise after Saudi Arabia pledge to deepen production cuts in June; Brent crude up 1.3%

Oil prices rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain a supply glut built up during the coronavirus crisis

Coronavirus Outbreak: Oil prices jump on hopes of OPEC, Russia meeting tomorrow on output cuts
Business

Coronavirus Outbreak: Oil prices jump on hopes of OPEC, Russia meeting tomorrow on output cuts

Oil bounced back on Wednesday, with US crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic

Oil crisis: Saudi Arabia, Russia fracas over production cut sends prices crashing; puts Africa's cash-strapped producers in peril
Business

Oil crisis: Saudi Arabia, Russia fracas over production cut sends prices crashing; puts Africa's cash-strapped producers in peril

A three-year supply pact between the Organization of the Petroleum Exporting Countries (OPEC) and other oil producers, including Russia, fell apart this month after Moscow refused to support Riyadh’s plan for deeper production cuts,

Oil hits 2018 lows on emerging supply glut; Saudi Arabia pushes OPEC to cut sale to prevent surplus
Business

Oil hits 2018 lows on emerging supply glut; Saudi Arabia pushes OPEC to cut sale to prevent surplus

Even an expectation that the OPEC producer group will start withholding supply in 2019 to rein in any glut provided little support, traders said.