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Displaying 10 out of 28 results

  1. Illustration photo of crude oil being dispensed into a bottle

    Oil drops nearly 6per cent as dollar rises and vaccine rollout stalls

    Oil prices sunk for a fifth day in a row on Thursday to their lowest in two weeks on growing worries about rising COVID-19 cases in Europe and the ...
  2. FILE PHOTO: A pump jack used to help lift crude oil from a well in South Texas

    Oil bears and bulls grapple as market puzzles over pandemic exit

    Trading in oil futures is now as heavy as it was in the first months of the COVID-19 crisis, according to market data and analysts, with oil bulls ...
  3. FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin

    Oil steady near US$70 on hopes of recovering demand

    Oil hovered near US$70 a barrel on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second ...
  4. A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the S

    Brent back below US$70 after Saudi attack as inflation worries mount

    Brent crude futures surged above US$70 a barrel on Monday for the first time since the COVID-19 pandemic began, while U.S. crude touched its ...
  5. FILE PHOTO: The price of gasoline is shown on a gas pump at an Arco gas station in San Diego

    Oil set for steady gains as economies shake off pandemic blues: Reuters poll

    Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming from ...
  6. FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub

    Oil slips after US crude stocks rise amid deep freeze hit to refiners

    Oil prices fell in early trade on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week as a deep freeze in the ...
  7. FILE PHOTO: An oil worker walks toward a drill rig in Loving County, Texas

    BofA hikes 2021 Brent price view by US$10/bbl on strong oil balances

    Bank of America (BofA) Global Research lifted its forecast for Brent crude oil prices for this year citing tighter supplies due to the Texas ...
  8. Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang

    Oil retreats on rising US dollar, though Texas supply choked

    Oil prices fell in early trade on Wednesday as the U.S. dollar climbed, retreating after a two-day rally that was driven by an Arctic blast ...
  9. General view of al-Zubair oil field near Basra

    Oil hits 13-month highs on supply cuts, weak dollar

    Oil hit 13-month highs on Tuesday with the Brent benchmark staying above US$60 a barrel, supported by supply cuts, a weak dollar and optimism over ...
  10. FILE PHOTO: A 3D-printed oil pump jack is placed on dollar banknotes in this illustration picture

    Oil's rally, fueled by vaccine progress, is running out of steam

    The oil market has rallied almost 40per cent in the last two months, pushing benchmarks to nine-month highs, in a euphoric response to progress on ...