Oil Edges Lower on Discounted War Risks, Demand Worries Oil edged lower as traders discounted risks of a broader war in the Middle East, while a fourth straight weekly build in U.S. crude...
Brent futures rose $1.34, or about 1.7%, to $78.76 a barrel by 1349 GMT. U.S. West Texas Intermediate crude (WTI) was at $74.1, up $1.2, also roughly 1.7%.
Brent crude oil futures fell 68 cents, or 0.8%, to $85.19 a barrel by 11:07 a.m. ET (1507 GMT). U.S. West Texas Intermediate crude futures were 67 cents, or 0.8%, lower at $83.55. At their session lows, both benchmarks were down more than $1.
MARKET MOVEMENTS: -- Brent crude oil is up 0.2% at $74.28 a barrel. -- European benchmark gas is up 1.8% at EUR33.83 a megawatt hour. -- Gold futures are 0.1% higher at $2,022.30 a troy ounce. -- LME three-month copper futures are up 0.... | 05:44am
Oil prices rose 2% as U.S. recession fears eased. Brent crude and U.S. West Texas Intermediate gained, supported by a healthy jobs report. Find out more about the market conditions, demand, and supply outlook in OPEC's latest report.
Tesla delivered 405,278 vehicles in the fourth quarter. That was a new record but it was far short of analysts' estimates of 431,117. For the year, Tesla
Oil prices fell below $100 per barrel in early Asian trading on Wednesday as US inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.