West Texas Intermediate traded below $68 a barrel after jumping 2.2% on Wednesday, with Brent crude closing near $71.
Brent crude hit a six-month low earlier this week and speculative traders cut both long and short positions to reduce risk.
Front Month ICE Brent Crude for May delivery gained $1.39 per barrel, or 2.00% to $70.95 today --Largest one day dollar and percentage gain since Thursday, Feb. 27, 2025 ...
EIA projects that global oil inventories will decline in second-quarter 2025, driven partly by reduced crude oil production ...
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Oil prices rose today, March 12, with Brent crude approaching $70, amid expectations of a decline in global inventories and ...
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If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar ...
In the US, nationwide commercial inventories rose for a second week, though the 1.4 million barrel gain was a fraction of the increase predicted by an industry group. Levels at Cushing, Oklahoma — the ...
The cost of importing Premium Motor Spirit, also known as petrol, into Nigeria has dropped amid a price war between marketers ...
Oil prices rose slightly on Wednesday, supported by a weaker dollar, which makes the commodity less expensive for overseas ...