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A day after the Energy Information Administration released its inventory report showing a 3.59-million-barrel jump in U.S. crude oil stockpiles, oil prices are trading down well over 3%
Saudi Arabia may extend its voluntary oil output cuts into the first quarter or the first half of next year
Oil prices were climbing upwards midday Monday, with Brent crude gaining over 1.6% after the market digested an OPEC report suggesting demand in the U.S. and China is not lowering to the point of concern
Oil prices have nearly erased all year-to-date gains as shrinking refining margins signal weaker demand for oil.
Despite continued fears that the Hamas-Israel conflict could involve more actors in the Middle East, oil prices were set early on Friday for their first weekly loss in three weeks amid concerns about the economy and oil demand