Crude Oil News and Headlines
- Oil Prices Extend Losses In Asia, Equities Rise 08/15/2022Oil prices extended losses Tuesday after weak US and Chinese data reinforced recession expectations, though equities won support from hopes the figures will allow central banks to temper their pace of ...
- Oil Extends Losses on Global Slowdown and Chance of More Supply 08/15/2022Oil declined for a third day as a deepening global slowdown looked set to coincide with an increase in supply from OPEC producers.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet ...
- UK real pay falls by record 3%, as job vacancies also decline – business live 08/15/2022Wages adjusted for inflation decline while job vacancies fall for first time in two years. Introduction: UK real pay falls by record 3%, as job vacancies also decline – business live 07:34 ...
- Iran sends EU nuclear deal response and signals pact is near 08/15/2022Iran sent the European Union its official response to the bloc’s proposal for reviving the 2015 nuclear accord after signaling it may be nearer a deal with the U.S. that could restore Iranian oil ...
- As China Economic Data Drags Down Oil, Traders Await Key Release From US 08/15/2022Oil prices fell during Tuesday morning Asia session as the world’s largest crude importer China reported a downbeat set of economic data, stoking fears of recession and a fall in demand.
- Asian shares mostly higher, echoing Wall Street rebound 08/15/2022Asian shares are mostly rising after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China ...
- ONGC shares fall despite the firm reporting highest ever quarterly profit — here's why 08/15/2022Oil and Natural Gas Corporation (ONGC) shares declined over a percent on Tuesday after the company missed revenue and profit estimates owing to lower volumes. The stock was trading 1.22 percent lower ...
- Closing prices for crude oil, gold and other commodities 08/15/2022Benchmark U.S. crude oil for September delivery fell $2.68 to $89.41 a barrel Monday. Brent crude for October delivery fell $3.05 to $95.10 a barrel. Wholesale gasoline for September delivery fell 10 ...
- Barclays sees crude surplus in near-term, cuts Brent price view 08/15/2022Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "resilient" Russian supplies.
- VEGOILS-Palm oil recovers from steep losses as ringgit falls 08/15/2022Malaysian palm oil futures rose on Tuesday, recovering from sharp losses in the previous session, supported by a weakening ringgit. The benchmark palm oil contract FCPOc3 for November delivery on the ...
- Oil extends losses as weak demand outlook lingers 08/15/2022Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession. Brent crude LCOc1 futures fell 73 cents, or 0.8%, to $94.37 a barrel by 0313 GMT. WTI ...