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Commodities News
Oil prices rise as Saudi Arabia pledges further supply cut
By Sonali PaulMELBOURNE (Reuters) - Oil futures climbed in early trade on Tuesday, boosted by an unexpected commitment from Saudi Arabia…
Oil prices rise on demand prospects as lockdowns start to ease
By Sonali PaulMELBOURNE (Reuters) - Oil prices climbed in early trade on Tuesday, adding to gains in the previous session, on…
Goldman Sachs says it remains bullish on oil prices in 2021
(Reuters) - Lower crude production due to reduced activity and OPEC+ cuts, coupled with a partial recovery in oil demand, should drive…
Oil rallies on Gulf tensions and output cuts
By Bozorgmehr SharafedinLONDON (Reuters) - Oil rose on Thursday, spurred by rising tensions in the Middle East, output cuts by producing…
Oil prices bounce back, U.S. crude futures trade above zero
By Jane ChungSEOUL (Reuters) - Oil prices rebounded on Tuesday, with U.S. crude turning positive after trading below $0 for the first…
Oil edges higher after hitting 18-year lows but demand outlook weighs
SINGAPORE/TOKYO (Reuters) - Oil edged higher on Thursday after sharp losses in the previous session, with investors hoping that a big…
Oil gains as U.S. shale production set to fall sharply
TOKYO (Reuters) - Oil prices rose on Tuesday after a U.S. agency said shale output in the world's biggest crude producer would fall by the…
Oil prices jump as focus swivels to OPEC, Russia meeting on output cuts
SEOUL (Reuters) - Oil climbed on Wednesday, reversing most of the prior session's losses, as investors pinned hopes on a Thursday meeting…
Oil dips as China posts slowest GDP growth in almost three decades
By Jane ChungSEOUL (Reuters) - Oil prices fell on Friday after China, the world's largest oil importer, recorded its weakest quarter of…
Oil recovers from two-week low; U.S.-China trade war caps gains
By Colin PackhamSYDNEY (Reuters) - Oil prices edged higher on Monday, rebounding from a two-week low in the previous session, although…