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A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling, and the U.S. economy is growing more slowly than expected.
Oil futures were down for a third straight day early Wednesday after industry data pointed to an unexpected rise in U.S. crude inventories and investors continued to monitor negotiations for a cease-f
Multiple geopolitical and economic factors are contributing to the bearish sentiment in the oil market.
After 12 years and C$34 billion ($24.7 billion), Canada's Trans Mountain pipeline expansion project (TMX) is set to start shipping oil on Wednesday, a major milestone expected to transform access to g
Amid Middle East ceasefire optimism and a surge in U.S. production, oil prices continue their downward trend, challenging market stability.
Oil prices fell for a third day on Wednesday on rising crude inventories and production in the U.S., the world's biggest oil consumer, along with increasing hopes of a ceasefire agreement in the Middl
Ceasefire talks will have no impact on Israel's decision to fight against Hamas in Rafah.

High Oil Prices Could Keep Inflation Up

12:26pm, Tuesday, 30'th Apr 2024
Despite evidence that economic growth is beginning to slow, the Fed isn't close to cutting rates, notes Greg McBride. He talks about how until inflation begins to cooperate, expect a continued ‘wait
OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran, Iraq and Nigeria against a backdrop of ongoing voluntary supply cuts by some members agreed
The crude oil markets continue to look for some kind of direction, as we are essentially in the middle of the larger consolidation area in both grades that I deal with.
Oil futures edged higher Tuesday morning, consolidating after a slump in the previous session, which was tied to cease-fire talks between Israel and Hamas that damped fears of a wider conflict that co
A group of Western insurers has said a Russian oil price cap has become unenforceable and only pushed more ships into joining a shadow fleet, delivering one of the harshest rebukes to the measure that
Amid easing Middle East tensions from ceasefire talks, WTI Oil slides to $83.15, wrestling with pivotal resistance at $83.20.
Oil edged down in early trade on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanded conflict in the Middle East, while worries about the outlook for U.S. inte
Finnish refiner Neste said on Monday its president and CEO Matti Lehmus would be stepping down and that the company was launching a hunt to find his replacement.
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