Oil surges 5 percent on trade truce, expected supply cuts

Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day […]

Oil falls to lowest since late 2017 on emerging supply glut, OPEC expected to cut

Oil prices plunged to their lowest since late 2017 on Friday in choppy trading, weighed down by an emerging crude […]

IEA’s Birol appeals for ‘common sense’ as oil producers weigh supply cut

Oil supply cuts by key producers could have negative implications for markets, the head of the International Energy Agency said […]

Oil prices stabilize, but supply glut concerns weigh on sentiment

Oil prices stabilized on Thursday, reversing earlier declines, but market sentiment remained cautious over concerns that a supply glut may […]

‘King dollar’ benefits from European risks, growth fears

The dollar surged to nearly 17-month highs on Monday against a basket of major currencies as investors sought out the […]

Saudi energy minister says no plans to break up OPEC

Saudi Arabia is not preparing for a break up of OPEC and believes the group will remain the global central […]

Oil rises as China reports record crude imports, but soaring U.S. output caps gains

Oil prices rose on Thursday after record Chinese crude imports eased concerns that a slowdown in the world’s No.2 economy […]