Oil prices fell by about 3% in 2024, marking the second straight annual decline as the global post-pandemic demand recovery faltered. The contributing factors included China’s struggling economy and...
Oil prices just logged a weekly advance, as concerns over weakening demand in China were outweighed by signs that the United States could impose stricter sanctions on Russian crude supply. Brent crude...
Tensions in the Middle East escalated on Wednesday following an Iranian missile attack on Israel, sparking demand for safe-haven assets as investors grew anxious about the potential expansion of the conflict.On...
The OPEC+ alliance is once again intensifying efforts to ensure member compliance with its agreed oil production cuts, continuing a three-pronged strategy that includes formal and voluntary output reductions.Two...
Oil prices (USO) edged lower in volatile trading on Monday as traders grappled with the intertwined narratives of geopolitical strife and shifting U.S. economic policies. West Texas Intermediate (OILK)...