Oil prices edged higher on Friday but were on track for a weekly loss as a potential OPEC+ output increase and a possible ceasefire in the Russia-Ukraine war may raise supply. The US and Russia are moving in the right direction to end the war in Ukraine, but some specific elements of a deal remain t

Thursday is the last settlement day of the week ahead of the Easter holidays and trade volumes were thin. For the week, both Brent and WTI gained about 5%, their first weekly gain in three weeks. They settled more than 3% higher on Thursday, supported by hopes for a trade deal between the US and the

Oil prices fell on Friday and were set to drop for a second week on concerns prolonged trade war between the US and China, the world's largest economies, will crush crude consumption. Brent is set to fall 4% this week, adding to an 11% drop in the prior week, while WTI is set to decline 3.8%, after

Oil prices nudged higher on Thursday on concerns about tighter global supply after the US threat on Venezuelan oil buyers, while market players also grappled with the impact of tariff on car imports. That could drive car prices up, potentially impacting demand for oil, but also slow down the switch

Oil was close to its three-year low on Friday on uncertainties around tariffs between the US, Canada, and China, and plans by OPEC+ to raise output. Trump exempted goods from Canada and Mexico under a North American trade pact for a month from the 25% tariffs. A source familiar with the discussions

Oil prices held near a one-week high on Wednesday, while the market awaited clarity on sanctions as Washington tries to end the war in Ukraine. However, Goldman Sachs said any associated easing in sanctions against Russia is unlikely to bring a significant increase in oil flows even if the two count

Oil prices fell on Thursday on expectations a potential peace deal between Ukraine and Russia would mean the end of sanctions that have disrupted supply flows. Trump’s latest tariff plan also hurt the sentiment. Both benchmark contracts fell more than 2% in the last session after Trump said Putin an

*News: Global Geopolitics* *First, trade wars and then Covid-led restrictions disrupted global supply chains.* • The conflict between Israel and Hamas has intensified and escalated across land and reached the sea level • Initially attacks by Yemen's Iran-aligned Houthi militants targeted only oil sh

Oil markets sank on Friday, a day after US President Donald Trump pressured OPEC and its de facto leader Saudi Arabia to lower prices in a broad push to drive up crude production. Saudi Arabia's crude oil exports in November jumped to their highest in eight months. Iran delivered a conciliatory mess

Oil prices rose for a second day on Thursday after a larger-than-expected decline in US crude oil stockpiles added to supply concerns stoked by fresh sanctions against Russian energy trade. Brent crude rose 2.6% to its highest since 26 July in the last session. Biden's administration targeted the wa

Oi prices steadied on Friday, on course for a weekly loss. The Fed and the ECB both signalled caution over further easing of monetary policy earlier this week, fanning more concerns about global economy. Softening economic activity could deepen a slowdown in oil demand growth next year. Brent future