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$168.39
+2.40 (+1.45%)
At Close: Jun 08, 2026
Oil Prices Hit Four-Year Low on OPEC Announcement
09:15am, Friday, 04'th Apr 2025
Oil prices have fallen to a four-year low due to a surprise output increase by OPEC+ and escalating global trade war. Brent prices are down 13% in two days - heading below $65 a barrel.
Crude Oil Price Outlook – Crude Plunges Again on Friday
08:55am, Friday, 04'th Apr 2025
The crude oil market has fallen hard again on Friday, as the markets continue to look at the very real possibility of a global recession in the near future. With this, the market has broken a major th
Slumping Oil Prices Reflect Intensifying Economic Worries
08:42am, Friday, 04'th Apr 2025
Fears that President Trump's tariffs could slash global economic growth — and demand for oil as a result — were weighing on the market.
Oil News: Crude Sinks 8% on Tariff War Fallout and Bearish Outlook
08:12am, Friday, 04'th Apr 2025
Crude dives 8% as U.S.-China tariff war escalates; rising OPEC output and weak demand weigh on the oil outlook amid growing recession fears.
Slumping oil prices reflect intensifying economic worries.
07:54am, Friday, 04'th Apr 2025
Oil prices continued to fall on Friday, extending Thursday's sharp drop. Brent crude, the international benchmark, traded at its lowest level in more than three years, below $65 a barrel, a fall of al
Oil majors suffering from OPEC+ output hike, not from U.S. tariffs, Eni exec says
06:21am, Friday, 04'th Apr 2025
Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a muted effect on the sector, Eni's top executi
Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets
05:26am, Friday, 04'th Apr 2025
The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump's sweeping and market-hammering tariff announcements. Markets were therefore stunned when OPEC
Food Prices Flat in March as Vegetable Oil Increases Offset Falls Elsewhere, UN Says
04:49am, Friday, 04'th Apr 2025
The Food and Agriculture Organization index was broadly unchanged on February's level but remains up 6.9% on year.
BP Chair Helge Lund to Step Down Amid Push for Changes at Oil Major
03:08am, Friday, 04'th Apr 2025
The British energy company said Lund is likely to step down sometime next year, as activist investor Elliott Management pushes for changes at the British oil major.
Natural Gas and Oil Forecast: Bearish Pressure Builds with OPEC+ Output Hike and Trade Risks
02:58am, Friday, 04'th Apr 2025
OPEC+ surprises with a 411,000 bpd output hike, pushing WTI oil near $66 and raising fears of weak global demand and trade-driven economic slowdown.
Oil Prices: OPEC+ Announcement Stuns Market
02:55am, Friday, 04'th Apr 2025
The OPEC+ alliance will increase supply by three times the planned amount in May in what delegates described as a deliberate effort to drive down prices to punish the group's cheats. Crude was alrea
BP chair Helge Lund to step down after oil major pledges strategic reset
02:20am, Friday, 04'th Apr 2025
British oil major BP on Friday said its chair Helge Lund will step down, kickstarting a succession process with support from the wider board.
Goldman cuts oil price forecasts amid tariff fears, higher OPEC+ supply
12:26am, Friday, 04'th Apr 2025
Goldman Sachs lowered its forecast for Brent crude's average price this year by 5.5% to $69 a barrel and for WTI prices by 4.3% to $66, citing the risks of higher OPEC+ supply and the global trade war
Oil Edges Lower, Weighed by U.S. Tariffs, OPEC+ Supply Increase
08:28pm, Thursday, 03'rd Apr 2025
Oil edged lower in the morning Asian session, weighed by U.S. tariffs and OPEC+'s supply increase.
Crude Oil Price Forecast: Crude Oil Plunges to 17-Day Low
04:46pm, Thursday, 03'rd Apr 2025
Oil's sharp decline triggered a bearish weekly signal, with sellers in control. Fibonacci support at $66.20 may indicate a short-term floor before further moves.
