Oil Price Rises Above $57, Highest In 12 Months         The international oil benchmark, Brent crude, rose more than two per cent on Tuesday, hitting a 12-month high after major crude producers showed they were reining in output roughly in line with their commitments. Brent crude, against...

Oil Price Rises Above $56 On Tight Supply Expectations         The international oil benchmark, Brent crude, rose above $56 per barrel on Tuesday, buoyed by Saudi Arabia’s plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand. While the sustained increase in...

Oil Price Rises To 10-month High Of $54         Oil prices extended gains on Wednesday, rising to their highest since last February, after Saudi Arabia announced a big voluntary production cut, and as US crude inventories declined in the latest week. Brent crude was up 79 cents,...

Oil Rises Above $53, OPEC+ Agrees On Output Rollover         The international oil benchmark, Brent crude, surged above $53 per barrel on Tuesday as the Organisation of the Exporting Countries and its allies agreed to hold production steady in the face of new coronavirus lockdowns. Brent, against...

Oil Tumbles After Hitting $53, OPEC+ Delays Decision         The international oil benchmark, Brent crude, tumbled on Monday after hitting a record high of $53 ahead of the meeting of the Organisation of the Petroleum Exporting Countries and its allies. OPEC and its allies, a group known...

Oil Rises above $50, Highest In Nine Months         The international oil benchmark, Brent crude, soared above the $50 per barrel mark on Thursday for the first time since early March, buoyed by hopes of a faster demand recovery as countries start to roll out COVID-19...