Tag: Oil Prices

Oil remained little changed on Monday as traders wait to see if lawmakers approve the U.S. debt ceiling deal that policymakers agreed to on the weekend. The agreement was reached in a 90-minute telephone call between U.S. President Joe Biden and Republican House Speaker...

Oil prices rose for a third consecutive day on Wednesday after Saudi Arabia submitted a warning to traders thinking of short selling. The Saudis' warning has given rise to expectations that OPEC+ could look to further reduce oil output in an effort to continue...

Oil headed toward its first weekly gain in over a month on Friday amid renewed optimism that the U.S. government will reach an agreement to raise its debt ceiling. West Texas Intermediate—the U.S. benchmark—traded at a little over $72 per barrel, marking a rise...

Oil erased earlier gains on Thursday as concerns of impending talks about the U.S. debt ceiling overshadowed a G7 finance leaders' meeting. The talks, which kicked off on Wednesday, concern raising the U.S. government's $31.4 trillion debt ceiling. Brent crude lost 27 cents, or 0.4%,...

European and U.S. stocks both edged lower and oil extended its losses on Tuesday morning after economic data from China proved weaker than expected. Chinese imports declined last month, thereby indicating that the country's rebound following its extensive Covid zero program has been slower than...

Oil advanced on Monday as investors look for signals to indicate changes in demand following a period of turbulence. While fears of an impending U.S. recession and the ongoing banking instability shook investor confidence, oil prices were offset by a drop in crude supplies...