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Oil Prices Surge Over 1% on US Crude Inventories Drawdown, OPEC+ Production Cut Prospects

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[ad_1] Last Updated: May 24, 2023, 23:55 IST The U.S. Memorial Day holiday on May 29 marks the beginning of the peak summer travel season and higher fuel demand. (Image: Reuters File) Brent crude futures rose 90 cents, or 1.2%, to $77.74 a barrel by 12:29 p.m. EDT (1629 GMT) Oil prices rose over 1% … Read more

Oil Prices Slide on Disappointing China, US Economic Data, Despite IEA’s Demand Forecast

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[ad_1] Last Updated: May 16, 2023, 23:47 IST Both benchmarks rose more than 1% on Monday, reversing a three-session losing streak. (Image: Reuters File) Brent crude futures were down 30 cents to $74.93 a barrel by 12:57 p.m. EDT (1657 GMT), while U.S. West Texas Intermediate crude edged down 22 cents to $70.89 Oil futures … Read more