Investment banks and the U.S. Energy Information Administration forecast a significant oil market oversupply in 2026, driven ...

WTI oil is losing ground as Iran restored production at the West Qurna 2 project, which suffered from a leak on an export ...

Brent crude oil price has suffered a harsh reversal in the past few days as the crisis in the Middle East eased. It plunged from a high of $80.13 on Monday to the current $67.9, its lowest level since ...

Brent oil prices are volatile due to concerns about US tariffs, potential global recession, and OPEC+ supply decisions. Technical analysis suggests a possible recovery for Brent Crude, with the RSI ...

By Seher Dareen LONDON (Reuters) -Brent crude oil futures were largely unchanged on Friday while drawn-out Russia-Ukraine ...

Crude oil continued to struggle on Friday as both WTI and Brent faced pressure from downtrend lines, the 50-day EMA, and major resistance near $60. Supply remains ample, demand soft, and short-term ...

Traders said they were informed by CME just before 0300 GMT of the halt due to a cooling issue at its CyrusOne data centres, ...

Bank of America on Thursday said it expected rising production by OPEC and its allied producers would increase the crude oil market surplus. The bank also forecast that Brent crude prices would drop ...

HOUSTON (Reuters) - Brent crude futures and options contracts traded on the Intercontinental Exchange (ICE) hit record volumes on Friday, surpassing levels seen during the COVID-19 pandemic as ...

Crude oil prices: JPMorgan said even as oil demand is set to expand by 0.9 million barrels per day (mbd) to 105.50 mbd in 2025, and by 1.2 mbd in 2027, global supply could still outpace consumption.

In a notably quiet week, holiday-thinned liquidity kept ICE Brent range-bound at $65.80–$67.90/bbl despite a steep U.S. stock selloff. In one of the least eventful trading weeks of 2025, ICE Brent has ...