Oil

Oil prices edged higher after a significant drop in US crude inventories, rebounding from multi-month lows. Learn more about the factors influencing the oil market.

Oil prices fall as weak Chinese demand and reduced Middle East conflict concerns pressured the price of the black gold. Read more for the market outlook and forecast.

Brent crude futures for September increased by 7 cents, reaching $82.44 per barrel as of 0014 GMT. Similarly, US West Texas Intermediate (WTI) crude for September rose by 4 cents, hitting $78.32 per barrel.

Key Points:  After minor declines, Brent crude oil and WTI are trading at $83.62 per barrel and $80.65 per barrel respectively.  US crude inventories fell by 4.4 million barrels, indicating tightening supply.  Geopolitical risks in the Red Sea add to …

The yen experienced significant swings on Friday, reflecting investor nervousness after Tokyo likely intervened to support the Japanese currency following a cooler-than-expected U.S. inflation report. Learn what to expect for the Yen in coming weeks.

Key points: Oil prices decrease as US Gulf supply concerns ease Weak inflation data from China pressures oil prices Oil prices dipped on Wednesday as the impact from Hurricane Beryl dissipated and inflation data highlighted persistently weak consumer demand in …

The loonie strengthened to a one-month high against its U.S. counterpart on Thursday. This rise occurred as the greenback posted broad-based declines ahead of domestic jobs data, which could influence expectations for further interest-rate cuts by the Bank of Canada.

Key points:  Brent crude oil rose to $86.80 per barrel, while WTI crude oil climbed to $83.51 per barrel.  Increased US travel demand for the Independence Day holiday and potential interest rate cuts are supporting prices.  Concerns over Hurricane Beryl …

WTI and Brent crude oil prices fall due to unexpected rise in US inventories and market caution ahead of the US PCE data. Geopolitical tensions add to supply concerns.

Key points:  Brent crude oil fell to $84.13 per barrel.  West Texas Intermediate crude oil slipped to $80.19 a barrel.  Market focus shifts to global demand growth and inventory levels.  Oil prices edged down in Asian trade on Tuesday, after …