Oil prices ends sharply lower as Red Sea worries fade
Oil futures ended lower Thursday as traders put worries over the potential for shipping disruptions in the Red Sea on...
Brent Crude Feb 2024
Oil prices score weekly gain as worries rise over Red Sea
Oil futures ended slightly lower Friday but booked weekly gains as worries remained over disruptions to shipments in the Red...
Angola leaves OPEC, raising questions about ‘unity and harmony’ within oil cartel
Angola announced that after 16 years of membership, it has decided to leave the Organization of the Petroleum Exporting Countries...
Brent crude oil climbs back above $80 a barrel as traders monitor Red Sea disruptions
Oil futures were on track for a third straight rise Wednesday, with the global benchmark pushing back above $80 a...
Shipping ETFs extend rally as ocean carriers remain on edge amid Houthi militant attacks in Red Sea
Exchange-traded funds that track U.S. shipping stocks continued to surge on Tuesday after the world’s major container shippers rerouted their...
Oil prices shoot higher as softer U.S. dollar triggers ‘short squeeze’ rally
Oil prices shot higher on Thursday, adding to their gains from Wednesday’s session as a weaker U.S. dollar helped boost...
Oil futures trade near session lows, with U.S. prices below $70 a barrel
Oil prices traded lower on Tuesday, with U.S. prices slipping back below $70 a barrel. Concerns over the outlook for...
Oil prices finish higher after longest weekly losing streak since 2018
Oil futures finished lower on Monday, after marking their longest streak of weekly declines since 2018 on concerns about a...
Oil prices rebound after Russia, Saudi Arabia urge OPEC+ production cuts
Oil futures finished higher on Friday, but still posted a seventh-straight weekly loss — the longest streak of weekly declines...
Why oil prices are dropping despite OPEC+ pledge to make additional production cuts early next year
It’s a bit surprising to see oil prices decline sharply after major oil producers pledged additional production cuts for the...
