wti | ABS-CBN News

Oil prices climb as OPEC+ cuts output

Agence France-Presse
Posted at Oct 06 08:42 AM

Oil prices climbed Wednesday as OPEC and its Russia-led allies announced a major cut in output, while a stocks rally ran out of gas. Read more »

Oil surges as reports say OPEC considering output cut

Agence France-Presse
Posted at Oct 03 04:48 PM

Oil prices jumped more than four percent in Asian trade Monday as reports said OPEC and other top producers considered slashing output. Read more »

Oil tumbles on recession worries as US stocks rebound

Agence France-Presse
Updated as of Sep 08 04:52 PM

US oil prices finished Wednesday at their lowest level since January on growing recession fears. Read more »

Brent crude falls 5 percent on recession fears

Agence France-Presse
Posted at Aug 31 08:22 AM

The price of the Brent crude, the main international oil contract, fell more than five percent on Tuesday as new Chinese pandemic lockdowns revived recession concerns among investors. Read more »

Oil prices tumble again as China economy stutters

Agence France-Presse
Posted at Aug 17 09:33 AM

Oil prices slumped nearly five percent Monday on data showing China's economic recovery stuttering under Covid-19 restrictions and a slumping property sector. Read more »

Oil prices tumble as China economy stutters

Agence France-Presse
Posted at Aug 15 08:39 PM

Oil prices slumped nearly 5 percent Monday on data showing China's economic recovery stuttering under Covid-19 restrictions and a slumping property sector. Read more »

WTI crude down more than 5 pct as US mulls tapping reserves

Agence France-Presse
Posted at Mar 31 02:39 PM

WTI prices plunged more than 5 percent Thursday on reports the United States is considering releasing a million barrels a day for several months to address a supply crisis caused by Russia's war with Ukraine. Read more »

Oil surges anew on Russia tensions

Agence France-Presse
Posted at Mar 17 07:23 PM

The price of Brent North Sea crude jumped to back above $100 per barrel after Russia rejected a ruling from the UN's top court to suspend its Ukraine offensive. Read more »

WTI crude dives below $100 on China demand concern

Agence France-Presse
Posted at Mar 15 11:27 AM

WTI crude dived more than five percent Tuesday to fall back below $100 a barrel as concerns about a possible slowdown in China's economy lead investors to rethink their expectations for demand. Read more »

WTI oil price sinks 5 percent on Ukraine peace hopes

Agence France-Presse
Posted at Mar 14 09:47 PM

US benchmark oil West Texas Intermediate slid Monday on Ukraine peace hopes and after major consumer China imposed a Covid lockdown on the tech hub of Shenzhen. Read more »

As fuel prices spike, governments look for solutions

Reuters
Posted at Mar 11 12:16 AM

Global benchmark oil prices were trading around $115 a barrel on Thursday, up from around $80 a barrel at the end of last year. Read more »

Oil hits $128 per barrel, stocks and euro dumped

Wayne Cole, Reuters
Posted at Mar 07 02:04 PM

Having surged 18 percent in wild early action, Brent was last quoted $9.95 higher at $128.06, while US crude rose $8.35 to $124.03. Read more »

WTI crude oil tops $110 on Ukraine-Russia conflict

Agence France-Presse
Updated as of Mar 02 06:09 PM

WTI crude broke above $110 a barrel on Wednesday as Russia's invasion of Ukraine continued to fan fears over supplies of the crucial commodity from the resource-rich region. Read more »

Russia sanctions ripple across world markets, rouble tanks

Dhara Ranasinghe, Reuters
Posted at Feb 28 07:23 PM

World stocks slid, oil prices jumped and the rouble tanked to fresh record lows on Monday, as the West ramped up sanctions against Russia. Read more »

WTI crude surges more than 5 pct on Russia-Ukraine crisis

Agence France-Presse
Posted at Feb 28 11:44 AM

West Texas Intermediate crude surged more than 5 percent in early trade on Monday as traders grow increasingly worried about an energy crisis after Western nations imposed fresh sanctions on Moscow over its invasion of Ukraine. Read more »

Oil tops $105 after Russia attacks Ukraine

Bozorgmehr Sharafedin, Reuters
Updated as of Feb 24 09:51 PM

Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia's attack on Ukraine. Read more »

Ukraine crisis may be 'short term' says analyst

ABS-CBN News
Posted at Feb 24 04:02 PM

The escalating tension between Russia and Ukraine could have a negative impact on the equities market in the short term, an analyst said Thursday. Read more »

Analysts divided over oil price direction

ABS-CBN News
Posted at Jan 31 08:26 PM

World oil prices are due for a correction and may soon start falling, a local analyst said, while a Reuters poll said geopolitical tensions may keep prices up. Read more »

$80 oil sparks mixed fortunes for world economy

Benoît Pelegrin, Agence France-Presse
Posted at Sep 29 06:44 PM

Oil prices jumped above $80 this week for the first time in almost three years, handing a major boost to producers but fuelling more inflationary pain for consumers. Read more »

Brent crude price jumps above $80 a barrel

Agence France-Presse
Posted at Sep 28 01:18 PM

The price of Brent crude oil jumped Tuesday above $80 for the first time in almost three years on expectations for surging demand and concerns about supplies as the world slowly emerges from the pandemic crisis. Read more »