Oil Prices

Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad

Oil prices slip on Wednesday reversing earlier gains

Oil prices declined on Wednesday, reversing earlier gains, as further disruptions to Venezuela’s crude exports were offset by a report that U.S. inventories rose last week. Brent crude futures ... Read More
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport

Legendary trader Andy Hall bets oil prices are going to rebound

Legendary oil trader Andy Hall says crude prices have likely hit a bottom after plunging more than 30 percent over the last two months. “I think with prices hovering ... Read More

Some forecasters remain positive on oil prices and demand going into 2019

Despite dramatic slides in the oil market, some forecasters remain positive on prices and demand going into 2019. A year ahead outlook report from Bank of America Merrill Lynch ... Read More
A pumpjack drills for oil in the Monterey Shale

Oil prices jumped by more than 5 percent on Monday

Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a ... Read More
Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad

Oil prices fall; Brent has lost more than 16 percent in value since early October

Oil prices fell on Monday as the start to U.S. sanctions against Iran’s fuel exports was softened by waivers that will allow some countries to still import Iranian crude, ... Read More
Brent Crude Oil

Oil prices fall one percent amid global stock market slump

Oil prices fell by around one percent on Thursday, coming under pressure from sharp selloffs in global stock markets, with U.S. stocks posting the biggest daily decline since 2011 ... Read More
Worker looks at pump jack at oil field Buzovyazovskoye owned by Bashneft company north from Ufa

Will oil prices pass $100 a barrel?

Oil prices hit a four-year high of $82.01 a barrel on Tuesday after Saudi Arabia and Russia appeared to reject calls from the US to increase production amid looming ... Read More
Pump jacks are seen at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym

Oil prices dips on concerns of slowing economic growth

Oil prices dipped on Monday as concerns over slowing economic growth weighed on markets. International Brent crude oil futures were at $71.78 per barrel at 0019 GMT, down 5 ... Read More
A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

Oil prices volatile as trade conflict between U.S. and China escalates

Oil prices seesawed in nervous trading on Friday as the United States slapped a raft of tariffs on Chinese goods in an escalating trade war between the world’s two ... Read More
Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas

Oil prices edge up as U.S. supply tightens

Oil prices edged up on Wednesday following a report of tightening U.S. fuel inventories amid an outage at Syncrude Canada oil sands facility in Alberta, which usually supplies the ... Read More
Broker Cyprus TopFX