crude oil News

Crude Oil Prices Dip Over 1% Amidst China-US Tariff Tensions and Demand Concerns

Crude oil prices fell over 1% as China's retaliatory tariffs on U.S. goods took effect, raising demand concerns. Meanwhile, President Trump maintains tariffs on China but pauses mo...

Oil Prices Bounce Back: A 1% Surge to Recover from Yesterday's Plunge

Crude oil prices surged over 1% on Tuesday, attempting to recover from the previous day's market selloff. Investors are focused on U.S. economic indicators and the impact of tariff...

Oil Prices Dip by 1% Following Egypt's Announcement of New Oil Reserves Discovery

Crude oil prices fell by 1% after Egypt announced the discovery of 8 million barrels in oil reserves in the Gulf of Suez. The Gulf of Suez Petroleum Company will exploit the well, ...

Crude Oil Prices Surge 2% Amid Optimistic Demand Forecasts and Policy Shifts

Crude oil prices surged 2% following a report by the International Energy Agency showing a decrease in U.S. crude oil inventories and increased demand for heating fuels. The market...

Global Oil Demand Concerns Send Prices Plummeting Over 1%

Crude oil prices fell on Thursday after OPEC cut its global demand outlook for the next year, with the IEA also lowering its demand growth forecast for this year.