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Oil prices fall as Fed rate cut stirs economic worries, storage report mixed

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Exclusive-US to seek 6 million barrels of oil for reserve, amid low oil price

The Biden administration plans to buy up to 6 million barrels of oil for the Strategic Petroleum Reserve, taking advantage of low prices after a historic 2022 sale.

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Exclusive-US to seek 6 million barrels of oil for reserve, amid low oil price

The Biden administration plans to buy up to 6 million barrels of oil for the Strategic Petroleum Reserve, seizing the opportunity of lower crude prices ahead of delivery in 2025.

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South Sudan says it is ready to restart pumping oil through Sudan

South Sudan and Sudan are progressing toward resuming crude oil exports through a pipeline, critical for both economies, after a halt due to war-related damage.

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South Sudan says it is ready to restart pumping oil through Sudan

South Sudan and Sudan progress towards restarting oil exports via a pipeline, vital for both economies, amid previous disruptions and ongoing conflicts impacting food prices and environmental health.

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Oil prices settle up on supply shocks, prospect of US interest rate cuts

Oil prices increased due to supply disruptions and anticipated demand growth, influenced by potential U.S. Federal Reserve rate cuts and rising tensions in the Middle East and Libya.

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Oil prices settle up on supply shocks, prospect of US interest rate cuts

Oil prices increased as U.S. supply disruptions continue and expectations grow for a Federal Reserve rate cut to boost demand, with rising geopolitical tensions affecting market stability.

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Investors turned more bearish on oil last week than ever

Investors' bearish sentiment on crude oil is leading to record lows in prices, driven by weak demand and excess supply, with potential volatility anticipated as positioning may reverse.

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Investors turned more bearish on oil last week than ever

Investors are increasingly bearish on crude oil, leading to multi-year lows in prices due to weak demand and high supply, although this could signal a reversal soon.

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UBS cuts oil price forecasts for 2024-26

UBS has revised down its oil price forecasts for 2024-2026, attributing the changes to weaker demand, particularly from China, and a stable supply outlook.