Crude oil News

Oil Prices Tumble Over 1% as OPEC+ Output Hike Sparks Oversupply Fears

Crude oil prices declined over 1% as OPEC+ members suggested accelerating output hikes, sparking oversupply concerns. WTI and Brent crude both saw decreases, with US trade tariffs ...

Crude Oil Prices Take a Hit: OPEC+ Output Hike Sparks Oversupply Fears Amid Demand Concerns

Crude oil prices fell over 1% as OPEC+ members' decision to increase output sparks oversupply concerns, despite a significant drop in US crude stockpiles. WTI and Brent crude price...

Geopolitical Tensions and OPEC+ Decisions Fuel a 2.5% Surge in Crude Oil Prices

Crude oil prices rebounded by over 2.5% following OPEC+'s decision to increase output and heightened Middle East tensions, with WTI and Brent prices showing significant gains.

Oil Prices Plunge 4% Following OPEC+ Decision to Increase Production for Second Month

Crude oil futures dropped 4% after OPEC+ agreed to increase production by 411,000 barrels per day in June, affecting WTI and Brent prices significantly.

Oil Prices Surge Amid Uncertainty Over Ukraine-Russia Ceasefire Prospects

Crude oil prices climbed by 1% due to uncertainties over a Russia-Ukraine ceasefire deal, potentially impacting global energy supplies. Putin is open to a 30-day ceasefire for long...

Egypt's New Oil Reserves Discovery Causes 1% Drop in Crude Oil Prices

Crude oil prices dropped by 1% following Egypt's announcement of discovering new oil reserves in the Gulf of Suez. The US also reported an increase in crude oil inventories, contri...