IEA says does not expect "huge increase" in crude prices

The International Energy Agency (IEA) doesn't expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on Friday......»»

Oil prices trod water on Thursday after losses in the previous session, as traders were cautious amid concerns over a potential delay in sealing a long-awaited interim U.S.-China trade deal and a huge increase of U.S. crude stockpiles......»»

Oil prices have extended yesterday's gains, following last night's surprisingly huge crude draw (reported by API) and OPEC+ saying they expect a “significant” decrease in.....»»

The U.S. crude oil stockpile unexpectedly jumped by nearly 6 million barrels last week. That has put downward pressure on prices......»»

The U.S. commercial crude oil inventory blew the doors off the consensus estimate for a decline with an increase of nearly 7 million barrels last week. Prices plunged following the report......»»

Despite a huge increase in per day crude production, oil prices have rallied in the past few sessions. The Energy Info.....»»

Oil futures gained on Friday, with prices for the U.S. and global crude benchmarks up a second week as traders continued to assess the demand outlook for the market. Some traders expect an economi.....»»

WTI Holds Losses After Huge Surprise Crude Build After surging to its highest since 2018 (on Saudi oil terminal explosions), oil prices have tumbled for the second straight day with WTI back below $64 as EIA forecast U.S. crude oil prod.....»»

The price of crude oil influences U.S. gasoline prices, which are already rising after February’s winter storms took 26 refineries offline. OPEC could decide to increase production at today's meeting, which would ease pressure.....»»

WTI Extends Huge Gains Despite Bigger-Than-Expected Crude Build More optimism on re-opening demand and following a Genscape report on Cushing stocks, oil prices have exploded higher in recent days, especially th.....»»

Oil fell on Tuesday, adding to huge declines in the previous session, on worries about limited capacity to store crude worldwide and expectations that fuel demand may only recover slowly as coronavirus pandemic restrictions are gradually eased......»»

Oil prices rose on Friday with Brent gaining nearly 3% after President Donald Trump laid out guidelines on reviving a U.S. economy ravaged by the coronavirus pandemic that has punched a huge hole in global demand for crude and refined products......»»

Investors can expect overall stock market volatility to increase, less buying support on declines in prices, and slower growth in earnings per share as the COVID-19 pandemic sidelines corporate stock buybacks, Goldman Sachs says......»»

Benchmark Brent crude oil futures reversed losses incurred during Asian hours in early European trading on Friday to rise above $30 a barrel, with hopes of a huge global supply cut deal to support prices still alive......»»

U.S President Donald Trump said on Thursday he had brokered a deal with top oil producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid a global coronavirus pandemic, sending crude prices up by 45%......»»

Oil futures finish lower on Friday,with a huge drop in demand as result of the global COVID-19 pandemic sending prices down for a fifth week in a row......»»

Crude oil prices have dropped to near two-decade lows as the Saudis affirm their production increase and the coronavirus slices into demand......»»

Oil futures settled lower on Wednesday, with U.S. prices down 4% after U.S. government data revealed a seventh straight weekly increase in domestic crude supplies and as Saudi Arabia and.....»»

Oil futures see renewed pressure Wednesday after Saudi Arabia moves to increase output capacity, it’s latest move in a price wary with Russia that’s sent crude prices tumbling to four-year lows and sent shock waves through global financial markets......»»

Saudi Aramco shares fell by as much as 10% on Monday, extending a dive below the initial public offering price, after Saudi Arabia cut its official selling prices for crude and global oil markets plunged in response to news of a big output increase......»»