Trends - oil price

US oil target of $67.98 aborted

SINGAPORE: A bullish target of $67.98 per barrel has been temporarily aborted for US oil. It will only be resumed...

Published 06 May, 2021 02:40pm

Oil climbs to fresh 6-week high

NEW YORK: Oil prices rose to fresh six-week highs on Thursday as strong US economic data, a weak dollar and an...

Published 30 Apr, 2021 11:39am

Oil extend losses into 3rd day on U.S. stock build, pandemic fears

Oil prices extended their losses into a third day on Thursday as a surprise build-up in U.S. crude inventories and a...

Published 22 Apr, 2021 12:02pm

Oil prices rise on weaker dollar, likely drawdown in U.S. stocks

SINGAPORE (Reuters) - Oil prices rose on Tuesday as a weaker U.S. dollar supported commodities and on expectations that crude inventories fell in the United States, the world’s biggest oil user, though rising coronavirus cases in Asia capped gains.

Published 20 Apr, 2021 09:21am

Oil surges as US stocks waffle on valuation fears

NEW YORK: Oil prices surged Wednesday and most European markets closed higher on increased optimism for a...

Published 15 Apr, 2021 11:24am

Oil maintains upward momentum but virus concerns cap gains

SINGAPORE:Crude climbed on Wednesday after industry data showed U.S. oil inventories declined more than expected and...

Published 14 Apr, 2021 11:36am

Oil prices climb on robust China data, Mideast tension

SINGAPORE:Oil prices climbed on Tuesday as data from China showed the world’s second largest oil consumer’s...

Published 13 Apr, 2021 11:19am

Oil prices recover some ground on fears Suez blockage may last weeks

TOKYO:Oil prices reversed a sharp sell-off a day earlier to rise 1% on Friday on mounting fears that it could take...

Published 26 Mar, 2021 10:57am

Oil falls as demand concerns trump Suez Canal disruptions

MELBOURNE : Oil prices fell more than 1% as fresh coronavirus lockdowns revived worries about demand for...

Published 25 Mar, 2021 11:21am

Brent crude heads toward $70 as China energy demand outlook brightens

SINGAPORE: Oil prices rose on Monday, with Brent heading toward $70 a barrel, as data showed China’s economic...

Published 15 Mar, 2021 10:54am

Oil prices rise on economic outlook, drawdown in fuel stocks

SINGAPORE (Reuters) - Crude oil prices rose on Thursday as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories after last month’s Texas storm.

Published 11 Mar, 2021 07:24am

Oil rises to $69 as focus returns to tighter market

Prices also rose on expectations of economic recovery after the U.S. Senate approved a...

Published 09 Mar, 2021 05:23pm

Oil prices surge as OPEC+ extends output cuts into April

SINGAPORE:Oil prices rose on Friday, extending gains from the previous session, after OPEC and its allies agreed not...

Published 05 Mar, 2021 11:43am

Oil optimism unwinding market's mad dash for storage

LONDON/NEW YORK/SINGAPORE (Reuters) - When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts.

Published 02 Mar, 2021 10:52am