Oil Edges Higher in Aimless Trade as Supply Uncertainties Rise

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Oil Edges Higher in Aimless Trade as Supply Uncertainties Rise

Uncertainties about crude supplies from Russia, Kazakhstan and OPEC+ pushed oil prices higher.

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Oil Settles Higher as OPEC Weighs Supply Delay

Oil prices rise as OPEC considers delaying output hikes, but oversupply concerns and geopolitical shifts weigh on the market.

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Crude Prices Rally on Report that OPEC+ May Further Delay Production Increases

March WTI crude oil (CLH25 ) on Tuesday closed up +1.11 (+1.57%), and March RBOB gasoline (RBH25 ) closed -0.0032 (-0.15%). Crude oil prices closed higher on Tuesday after a drone attack on a Russian pumping station could reduce crude oil exports from Kazakhstan. Oil prices also saw support from...

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Brent Holds Near $75 As OPEC+ Considers Postponing April Output Hike

Brent crude traded near $75 a barrel on Tuesday as OPEC+ considered delaying a planned output hike while a Ukrainian drone strike on a Russian crude-pumping station disrupted Kazakh oil exports. West Texas Intermediate (WTI) crude hovered above $71 a barrel after a modest gain on Monday. According to OPEC+ delegates, the cartel and its […] The post Brent Holds Near $75 as OPEC+ Considers Postponing April Output Hike appeared first on Investors K…

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The Organization of the Petroleum Exporting Countries and Allies (OPEC+) is considering postponing a production hike due in April despite President Donald Trump's calls to cut prices, delegates said on condition of anonymity, Bloomberg news agency quoted Agerpres as saying. Global oil markets remain too fragile to resume production increases now, one of the delegates said. No decision has yet been made because there are disagreements within OPEC…