contract fell 7.5% on Monday. Expiration adds volatility to the market, Yawger said.... Analysts

market," said Robert Yawger, executive director of energy futures at Mizuho.... " We have increased

NEW YORK: Oil prices rose 3% on Tuesday, supported after Mexico suffered a large production outage due to a fire on an oil platform and also by full U.S. regulatory approval of vaccines for COVID-19. Brent crude oil futures settled up US$ 2.30, or 3.4%, at$ 71.05 a barrel, while U.S. West Texas Intermediate( WTI) gained$ 1.90, or 2.9%, to settle at$ 67.54. Oil is up more than 8% for the week, clawing back the 7.6% lost last week, the biggest weekly decline in more than nine months. Investors too

BENGALURU: Oil slid over 12 per cent on Wednesday after reports that the United Arab Emirates will call on fellow Opec members to boost production, potentially easing some of the supply concerns caused by sanctions on Russia after its invasion of Ukraine. Oil was already pulling back earlier in the session from a rally to peaks not seen in more than a decade, as some investors’ fears over a disruption in Russian supplies eased and the International Energy Agency said oil reserves could be tapped

NEW YORK: Oil prices gained about 3% on Thursday to settle at their highest since December after US economic data showed faster-than-expected growth in the last quarter and as tensions in the Red Sea kept disrupting global trade. Brent crude futures settled up US$ 2.39, or 2.99%, to US$ 82.43 a barrel.... US West Texas Intermediate crude gained US$ 2.27, or 3.02%, to US$ 77.36. Geopolitical tensions in the Middle East and the disruption of shipping in the Red Sea corridor remained in focus. Mae

By Scott DiSavinoNEW YORK( Reuters)-Oil prices edged up on Tuesday as the U.S. lifting of travel restrictions and more signs of a global post-pandemic recovery boosted the demand outlook, while supply remained tight. The rally came ahead of the U.S. Energy Information Administration's( EIA) release of oil and gasoline price predictions in its Short Term Energy Outlook( STEO), which U.S. President Joe Biden's administration has said it would use to determine whether to release oil from the nation

NEW YORK: Oil prices fell on Friday after a weaker than expected U.S. jobs report indicated a patchy economic recovery that could mean slower fuel demand during a resurgent pandemic. Losses were capped by concerns that U.S. supply would remain limited in the wake of Hurricane Ida, which cut production from the U.S. Gulf of Mexico. Brent crude futures settled lower by 42 cents, or 0.58%, at US$ 72.61 a barrel.... U.S. West Texas Intermediate( WTI) crude futures were down 70 cents or 1%, at$ 69.2

NEW YORK: Oil prices settled lower on Tuesday as traders focused on rebounding crude output in parts of the US, along with rising supply in Libya and Norway, rather than risks to supply posed by conflict in Europe and the Middle East. Brent crude settled at US$ 79.55 a barrel, losing 51 cents, or 0.6%.... US West Texas Intermediate crude settled at US$ 74.37 a barrel, shedding 39 cents, or 0.5%.In North Dakota, the third-largest oil-producing US state, some oil output came back online after shu

NEW YORK: Oil prices were little changed on Friday and ended the week lower, sapped in volatile trade by expectations of growing supplies just when a rise in coronavirus cases could lead to lockdown restrictions and depressed demand. Brent futures rose 12 cents, or 0.2%, to settle at US$ 73.59 a barrel, while U.S. West Texas Intermediate( WTI) crude rose 16 cents, or 0.2%, to settle at$ 71.81.... Earlier in the volatile session, both benchmarks were down over$ 1 a barrel. Despite the small gain

NEW YORK: Oil settled down 1% on Tuesday, posting its first monthly loss since March, as demand is expected to drop after Hurricane Ida shuttered U.S. Gulf refineries. Brent crude futures for October, due to expire on Tuesday, settled down 42 cents, or 0.6%, at US$ 72.99 a barrel.U.S. West Texas Intermediate( WTI) crude futures settled down 71 cents, or 1%, at$ 68.50. Both benchmarks posted their first monthly losses since March, even though they are not far from July highs.... Brent lost 4% in