The oil cartel and its allies announced voluntary production cuts of around 1.15 million barrels a day, a move they said was to support market stability.
Higher oil prices would help fill Russian President Vladimir Putin's coffers as his country wages war on Ukraine and force Americans and others to pay even higher prices at the pump amid inflation fue
Energy markets were bracing for a volatile open late Sunday, after Saudi Arabia led a surprise oil production cut across several OPEC + nations that will remove more than one million barrels of oil a
Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production, with Riyadh saying it would cut output by 500,000 barrels per day, or bdp, from May until the end of
Oil futures finished higher on Friday, but U.S. prices logged a fifth straight month of declines, as well as a loss for the quarter. “It's been a difficult quarter for crude oil prices with expectat
Oil markets gain ground as traders stay focused on supply problems.
Crude oil markets have rallied during the trading week to dig back into the previous consolidation area.
The crude oil markets have rallied a bit during the trading session on Friday, as it looks like the 50-Day EMA is starting to show signs of technical resistance.
Benchmark oil prices are expected to continue rising this year, topping the $100 a barrel threshold, after clawing back much of the ground lost following the selloff sparked by fears over the bankin
The risks of a U.S. recession are clouding Wall Street's outlook for crude prices.

Oil prices advance to cap off bruising March

07:46am, Friday, 31'st Mar 2023
Oil prices saw modest gains on Friday, capping off a nearly two-week-long advance that has helped to ameliorate bruising losses for the month and quarter during the last session of March.
WTI crude oil prices set for weakest monthly performance since November
Oil futures resumed their rise on Thursday, with U.S. and global crude prices climbing back to their highest settlements since March 13, after ending lower a day earlier. Oil refiners are coming out o
The OPEC+ Joint Ministerial Monitoring Committee will hold a meeting on Monday and while it's not likely to shake up the oil market, discussions will highlight the importance of continuing to monitor
Natural gas pulled back after EIA report missed analyst expectations.
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