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Commodities News
Goldman Sachs says it remains bullish on oil prices in 2021
(Reuters) - Lower crude production due to reduced activity and OPEC+ cuts, coupled with a partial recovery in oil demand, should drive…
Oil rallies on Gulf tensions and output cuts
By Bozorgmehr SharafedinLONDON (Reuters) - Oil rose on Thursday, spurred by rising tensions in the Middle East, output cuts by producing…
Oil prices bounce back, U.S. crude futures trade above zero
By Jane ChungSEOUL (Reuters) - Oil prices rebounded on Tuesday, with U.S. crude turning positive after trading below $0 for the first…
Oil edges higher after hitting 18-year lows but demand outlook weighs
SINGAPORE/TOKYO (Reuters) - Oil edged higher on Thursday after sharp losses in the previous session, with investors hoping that a big…
Oil gains as U.S. shale production set to fall sharply
TOKYO (Reuters) - Oil prices rose on Tuesday after a U.S. agency said shale output in the world's biggest crude producer would fall by the…
Oil prices jump as focus swivels to OPEC, Russia meeting on output cuts
SEOUL (Reuters) - Oil climbed on Wednesday, reversing most of the prior session's losses, as investors pinned hopes on a Thursday meeting…
Oil dips as China posts slowest GDP growth in almost three decades
By Jane ChungSEOUL (Reuters) - Oil prices fell on Friday after China, the world's largest oil importer, recorded its weakest quarter of…
Oil recovers from two-week low; U.S.-China trade war caps gains
By Colin PackhamSYDNEY (Reuters) - Oil prices edged higher on Monday, rebounding from a two-week low in the previous session, although…
U.S.-Japan trade deal hits snag as Tokyo seeks assurances on car tariffs
By David Lawder and David ShepardsonUNITED NATIONS/WASHINGTON (Reuters) - A U.S.-Japan trade deal hit a last-minute snag as Japanese…
Oil falls below $64 as source says Saudis near full output restart
By Alex LawlerLONDON (Reuters) - Oil fell below $64 a barrel on Monday, reversing an earlier gain, after a source said Saudi Arabia…