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Oil prices rise nearly 2%, recovers some of last week's 7% decline
Oil prices settled nearly 2% higher on Monday, recouping some of last week's more than 7% decline, with no letup of fighting in the Middle East and expected Israeli retaliation on Iran worrying markets about supply from the region.
Oil futures recoup some of last week's losses
Oil prices finished higher on Monday, regaining some of last week’s 8% decline after China lowered its benchmark lending rates, part of a series of stimul
Oil Regains Some Ground Following Steep Loss
Oil prices rose in early European trade following a steep drop last week as Israel escalates its military campaign in Lebanon.
Oil prices regain some ground after 7% loss last week
Oil prices rose on Monday, recouping some of last week's more than 7% decline on worries about demand in China, the world's top oil importer, and easing concerns about potential supply disruptions in the Middle East.
Oil Regains Ground Following Steep Loss as Market Weighs Middle-East Risks
Oil prices were rising in early European trade following a steep drop last week as Israel escalates its military campaign in Lebanon. Brent crude was up 0.6% at $73.48 a barrel, while WTI rose 0.8% to $69.
8h
Crude oil prices today: WTI is trading at $69.97
WTI futures traded around $69.97 per barrel, as of 9 a.m. ET. That’s an increase of 0.27% in the last 24 hours.
9h
Oil Industry’s Future Hangs In Balance Of Election
As U.S. crude oil and gas production nears a potential peak, the outcome of the 2024 presidential election could decide the ...
5h
on MSN
Oil prices rebound after last week’s 8% drop as traders weigh China-demand concerns
Oil prices climbed on Monday, regaining some of last week’s 8% decline after China lowered its benchmark lending rates, part ...
7h
on MSN
U.S. Oil Drilling is Set to Slide, No Matter Who Becomes President
Weakness in oil prices and expectations that output will rise next year means companies are pulling back on drilling.
Opinion
13h
Opinion
Why the Oil and Gas Industry Is So Afraid of Kamala Harris
Mr. Mingle is an independent journalist and the author of “Gaslight: The Atlantic Coast Pipeline and the Fight for America’s ...
1d
China's surplus crude oil hits nearly 1 million bpd for September
The weak position of China's crude oil sector was underlined by September data showing a sixth consecutive monthly drop in ...
1h
Oil Prices Mixed, May Be Supported by Lingering Geopolitical Tensions
Oil futures were mixed in early Asian trade. Traders are waiting for more information on Israel’s targets for a strike against Iran, keeping a floor under oil prices, TD Securities said.
Opinion
1d
on MSN
Opinion
Why the Oil Market Is Not Shocked
Geopolitical turmoil, particularly in the Middle East, used to send oil prices soaring, as frantic traders—anticipating ...
18h
IEA Says Oil Demand Growth Weakness to Continue on China and EVs
Global oil demand growth will continue to weaken due to China’s economic slowdown and the rapid uptake of electric vehicles, ...
4d
on MSN
Oil prices could soar 62% by early 2025 if the geopolitical situation deteriorates, Citi strategist says
Citi's bull case for oil hinges on conditions deteriorating sharply in the Middle East as tensions keep rising between Israel ...
THE WEEK
49m
Why do Russian oil bosses keep dying?
Mikhail Rogachev, the former vice-president of Yukos – once one of Russia's foremost
oil
and gas companies – was found dead ...
8h
on MSN
Venezuela arrests former oil minister Tellechea
CARACAS (Reuters) -Venezuelan authorities have arrested former industry and oil minister Pedro Tellechea, Attorney General ...
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