Prices of the two major benchmarks are down on Friday but are still on track for weekly gains, supported by the prospect of a tight market...
The world is facing an oil supply crunch, with most companies afraid to invest in the sector as they face green energy pressures...
The upcoming US peak driving season could see higher fuel demand, thereby causing a supply shock and putting pressure to produce more oil.
The prices of the two major oil benchmarks are bullish today as a result of the EU's proposal for new sanctions against Russia...
The black liquid is bullish towards the start of the London trading session on Thursday, with both major benchmarks up by over 1%...
Oil prices rebounded at the start of the London trading session on Wednesday from sharp losses in the previous session.
Member states of the International Energy Agency (IEA) were still discussing how much oil they would together release from storage to cool markets.
Oil prices are bullish during the Asian session on Tuesday as the two major oil benchmarks are up...
The prices of both major benchmarks are down over 5% towards the end of the Asian session...
The market remains on edge over the prospect of further sanctions on Russia, the world's second-largest crude exporter.
The two major benchmarks of the black liquid are bullish at the start of the London session on Wednesday...
The bears have taken over the oil market as prices are down over 5% in the Asian session on Tuesday.
