Oil prices are at their lowest levels since the spring of 2021. At Thursday's close, a barrel of West Texas Intermediate crude was $59 a barrel, down from $74 at the start of January. The last time ...

Oil markets are split between paper and physical realities. Futures remain backwardated and strong on paper, while physical crude grades show clear signs of weakness. Refining capacity, not crude ...

LAUNCESTON, Australia, May 5 (Reuters) - If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the OPEC+ group of exporters increasing ...

WTI Crude Oil via futures trading went into the weekend below the 60.500 USD mark as the commodity faltered and proved speculative buying zeal could not power beyond resistance levels which have prov ...

LAUNCESTON, Australia, June 2 (Reuters) - The crude oil market devotes considerable energy to what OPEC+ says, but perhaps a little less to what it actually does when it comes to the supply of the ...

The broader trend suggests that other market forces (such as supply shocks, demand growth, and geopolitical risk) likely play a far greater role in setting the price of crude than SPR adjustments ...

Still down just over 1% for the week, WTI crude has found some support in today’s session, following reports that the US might be planning strikes against Venezuelan military installations.

China, the world’s largest importer of crude oil, has been stockpiling it at a rate of close to 1 million barrels daily since the start of the year. Vortexa: 1.2 billion barrels of crude oil are ...