Tag: global oil supply
Oil Inches Higher as Oversupply Concerns Cap Gains
Oil prices moved slightly higher on Thursday, recovering part of the previous session’s losses. The rebound came after U.S. data showed a larger-than-expected draw...
Oil Slips on Oversupply Fears, but Sanctions Slow the Drop
Oil prices slipped on Wednesday after an industry report showed a rise in U.S. crude inventories, reinforcing market concerns about oversupply. However, the decline...
Oil Surges After Ukrainian Strike Halts Russian Exports
Oil prices climbed more than 2% on Friday after Russia’s port of Novorossiisk suspended oil exports. The halt followed a Ukrainian drone strike that...
Oil Rises 1% After Ukraine Strike Damages Russian Depot
Oil prices rose roughly 1% on Friday after a Ukrainian drone strike hit an oil depot at the Russian export hub of Novorossiysk on...
