Key Points
HOUSTON (Reuters) -Global oil benchmark Brent crude futures fell below $70 a barrel on Tuesday for the first time since December 2021, after OPEC+ revised down its demand forecast for this year and 2025...
U.S. West Texas Intermediate (WTI) crude lost $2.90, or 4.22%, to $65.81...
On Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) in a monthly report said world oil demand would rise by 2.03 million barrels per day (bpd) in 2024, down from last months forecast for growth of 2.11 million bpd...
On Monday, Chinese data showed consumer inflation accelerated in August to its fastest in half a year, though domestic demand remained fragile, and producer price deflation worsened...
Meanwhile, U.S. crude oil and distillate stockpiles were expected to have risen last week, while gasoline inventories likely fell, an extended Reuters poll showed on Tuesday...
You might be interested in
Oil falls on demand outlook, Brent trading below $70, near 3-year low
11, Sep, 24By Georgina McCartney HOUSTON (Reuters) -Global oil benchmark Brent crude futures sank below $70 a barrel on Tuesday for the first time since December 2021, after OPEC+ revised down its demand
Oil prices settle higher global demand forecasts, US crude stock draw
19, Jan, 24By Laura Sanicola (Reuters) - Oil prices settled higher on Thursday after the International Energy Agency (IEA) joined producer group OPEC in forecasting strong growth in global oil demand and as cold
Oil prices turn positive after falling more than $1
16, Dec, 23By Erwin Seba HOUSTON (Reuters) -Brent and U.S. crude futures turned positive during a see-saw session, in which prices fell more than $1 a barrel at one point on Friday, as traders tried to reconcile
Oil dips as demand outlook remains uncertain
20, Feb, 24By Paul Carsten LONDON (Reuters) -Oil prices fell on Tuesday, with an uncertain outlook for global demand knocking value off crude futures contracts, despite some risk premium from the Israel-Hamas
Oil settles near 3-yr low on weak demand outlook
11, Sep, 24By Georgina McCartney HOUSTON (Reuters) -Global oil benchmark Brent crude futures settled at their lowest since December 2021 on Tuesday, after OPEC+ revised down its demand forecast for this year and
Brent near $80 as US output hits record
21, Dec, 23By Ahmad Ghaddar LONDON (Reuters) - Oil prices steadied on Thursday, with Brent trading near $80 a barrel as higher inventories and record output in the United States overshadowed jitters over global
Crude oil prices rise on outlook for higher gasoline demand, tighter supply
23, May, 23Brent crude futures rose 20 cents, or 0.3%, to $76.19 a barrel by 0052 GMT while U.S. West Texas Intermediate (WTI) crude was at $72.26 a barrel, up 21 cents, or 0.3%.
Oil falls on massive US fuel inventory builds
04, Jan, 24By Laura Sanicola (Reuters) -Oil prices fell 2% on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock
Oil dips after US stockpiles climb, Middle East tensions in focus
26, Oct, 23Oil prices dropped on Thursday due to an increase in US crude stockpiles and a rise in the dollar index. Brent crude futures declined by 0.3% to $89.9