Page 10 - Crude Oil Price

Oil edges higher as industry data shows decline in US crude inventories

Oil prices edged higher on Wednesday after rallying overnight as industry data showed a decline in US inventories

Oil firms, near highest level since late November on risk appetite

The benchmark Brent crude rose 23 cents, or 0.3%, at $79.17 a barrel by 0101 GMT. U.S. West Texas Intermediate (WTI) crude added 21 cents, or 0.3%, at $76.19 a barrel

Oil prices extend gains as worries over fuel demand recede

Brent crude rose 14 cents, or 0.1%, to $78.74 a barrel, by 0437 GMT. U.S. West Texas Intermediate (WTI) crude rose 25 cents, or 0.3%, to $75.81 a barrel, gaining for a fifth straight session.

Oil prices rise to highest level in a month as Omicron concern eases

US airlines cancel more than 1,000 flights on Sunday; British minister says no new Covid curbs for England in 2021

Oil rises with investors weighing demand risk from Omicron variant

Crude's rally from the depths of the pandemic has run into considerable headwinds with Omicron's spread

Venezuela surpasses 1 million barrels of crude produced per day

State-owned oil company Petroleos de Venezuela exceeded one million barrels of crude produced per day at the end of 2021, double what it recorded a year ago, the country's Oil Minister announced

US stocks end at record high, oil prices rise as Omicron fears abate

Stocks rose broadly on the last trading day of the week ahead of a long Christmas weekend in the United States, after data showing consumer spending rose 0.6% last month

Oil prices steady as Omicron caution lingers amid renewed curbs

NEW DELHI (Reuters) -Oil prices were steady on Wednesday, with market players on the lookout for fuel demand pointers amid COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases.

Oil prices settle higher, but market wary of Omicron coronavirus variant

Brent crude settled up $2.46, or 3.4%, at $73.98 a barrel, and U.S. West Texas Intermediate (WTI) crude rose $2.51, or 3.7%, to $71.12 a barrel.

Global stocks rise sharply with investors' renewed risk appetite; oil up

NEW YORK (Reuters) - Wall Street closed significantly higher on Tuesday after a bruising session the prior day, with oil prices also gaining as investors sought riskier assets despite surging cases of the Omicron coronavirus variant around the world.

Oil prices plunge as Omicron's rapid spread dims fuel demand outlook

NEW YORK (Reuters) - Oil prices slumped on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions to combat its spread could dent fuel demand.

Global equities and oil prices slump on Omicron and growth fears

The spread of the Omicron variant saw the Netherlands go into lockdown on Sunday and put pressure on others to follow, though the United States seemed set to remain open

Asian equities, oil prices sink as Omicron variant makes waves

Beijing lightened the mood a little by cutting one-year loan rates for the frost time in 20 months, though some had hoped for an easing in five-year rates as well.

Kuwait extends oil supply deal for Indian refiners to March: Report

NEW DELHI/SINGAPORE (Reuters) - Kuwait has extended oil supply contracts for Indian refiners by three months to March 2022 due to a delay in the commissioning of its 615,000 barrel-per-day Al-Zour refinery, according to people with knowledge of the matter.

Asia stocks, oil prices suffer as new coronavirus variant Omicron spreads

A seasonal lack of liquidity made for a bumpy start and S&P 500 futures led the way with a 0.7% drop, while Nasdaq futures shed 0.6%.

Oil prices head for weekly loss on Omicron variant uncertainty

Brent and WTI are both headed for a 1.4 per cent loss this week

Oil prices head for weekly loss on Omicron coronavirus uncertainty

Brent crude futures fell 59 cents, or 0.8%, to $74.43 a barrel while U.S. West Texas Intermediate crude futures dropped 67 cents, or 0.9%, to $71.71 a barrel

Tumble in spot premiums spurs Asia refiners' buying of Mideast oil

Easing concerns about the impact of new coronavirus variant Omicron on Asia's fuel demand are also supporting Asian refiners' margins, trade sources said.

Oil prices head for flat week on Omicron Covid variant uncertainty

U.S. West Texas Intermediate (WTI) crude futures fell 17 cents, or 0.2%, to $72.21 a barrel at 0155 GMT. Brent crude futures fell 11 cents, or 0.2%, to $74.91 a barrel.

Oil rises towards $75 as US demand and Fed outweigh virus concern

Crude and other risk assets such as equities also got a boost after the US Federal Reserve gave an upbeat economic outlook