BP has agreed to sell a 65% shareholding in lubricants business Castrol. The deal comes as the company looks to divest of $20 billion of assets by the end of 2027.
Oil and gas prices rebound 6% from five-year lows as geopolitical tensions add a risk premium, while technical resistance and surplus forecasts cap longer-term upside.
Oil prices posted modest rises on Wednesday, extending gains from the previous session, supported by robust U.S. economic growth and the risk of supply disruptions from Venezuela and Russia.

Oil Slips; Prices Likely to Remain Volatile

08:50pm, Tuesday, 23'rd Dec 2025
Oil slipped in early Asian trade. Prices were likely to remain volatile, with moves dominated by geopolitical developments, Kudotrade said.
Crude oil extended its counter-trend rally Thursday, reclaiming the 20-day average at $58.20 and trading near the day's $58.54 high while positioning for a test of the 50-day resistance zone near $59.
Crude oil gains as short-covering, Venezuela sanctions, and shipping risks lift prices, supporting a firmer near-term oil forecast despite surplus concerns.
Oil futures edged lower after making big gains yesterday on the U.S.'s tightening of the blockade of tankers entering or leaving Venezuela.
While fossil fuels represent a critical component of the broader U.S. energy infrastructure, the sector has encountered significant fluctuations. Last week, oil prices took center stage, with the dome
The light sweet crude oil market has shown itself to be slightly positive in the early hours of Tuesday.
Oil is being pushed aside even as positioning, policy and reality begin to diverge. Beneath the noise of surpluses and low prices, the extreme polarity of COT, years of under-investment and a crumblin
Former U.S. Energy Secretary Dan Brouillette discusses America's energy outlook as President Donald Trump targets a third sanctioned oil tanker near Venezuela on 'Mornings with Maria.' #foxbusiness #m
Daan Struyven, Goldman Sachs co-head of global commodities research, joins 'Squawk Box' to discuss the state of the energy markets, U.S. oil production, state of metal commodities, and more.
The average price of unleaded gasoline in the U.S. has fallen to its lowest level since 2021, according to AAA. Nearly 110 million Americans are expected to make road trips this holiday season.
WTI, Brent, and natural gas steady as geopolitical risk meets 2025 oversupply fears, with trendlines and momentum shaping near-term energy forecasts.
Oil prices eased in early trade on Tuesday after rising more than 2% in the previous session as the U.S. said it might sell Venezuelan crude it has seized, while Ukraine's attacks on Russian vessels a
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