Crude Oil

Oil Prices Fall Amid Middle East Ceasefire Efforts and Weakened Chinese Demand

Oil prices dropped on Tuesday, retracing a portion of the previous day's nearly 2% gain, as U.S. diplomatic efforts to negotiate a ceasefire in the ongoing Middle East conflict, coupled with persistent concerns about China's sluggish economic recovery, weighed on...
Crude Oil Prices

Oil Prices Rose in Early Asian Trading Amid Surprising U.S. Crude Stockpile Decline

Asian trade on Thursday, oil prices rebounded slightly, reversing some of the sharp losses seen in the previous two sessions. This rally came after surprising industry data revealed an unexpected drop in U.S. crude oil stockpiles, countering broader market trends...
Crude Oil

Oil Prices Plummet as China’s Lack of New Stimulus Sparks Market Decline

Global Crude Prices Fall Amid Disappointment Over China's Economic Plans, Middle East Tensions Loom Oil prices took a sharp plunge on Tuesday, with global benchmark Brent crude dropping as much as 5.6%, and West Texas Intermediate (WTI) retreating by as...
Russia crude oil

Russia’s Crude Shipments Surge to Three-Month High Amid Refinery Maintenance

Russia’s crude oil shipments have surged to their highest levels in three months, a development linked to the country's refineries embarking on seasonal maintenance. This rise in exports highlights the resilience of Russia’s oil industry despite production cuts and international...