12 May 2025 09:01:34 GMT WTI crude oil futures slid 3.2% to $56.40 per barrel on Monday following OPEC+’s decision to raise production by 411,000 barrels per day in June. This marks the second ...

“Under current conditions, global demand for crude oil is greater than supply by a slim margin, but supply will likely outstrip demand late in the third quarter or early fourth quarter, or once ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States ... Brent crude was trading up $1.00 (+1.51%) on the day, leaving the international benchmark ...

U.S. crude oil inventories rose for a third consecutive week and gasoline ... The EIA estimated U.S. crude-oil production at 13.5 million barrels a day, virtually unchanged form a week before.

JAKARTA: Malaysian palm oil futures extended losses into a third session on Wednesday, dragged down by lacklustre performances in Chicago soyoil and Dalian vegetable oils, while strong export data ...

Goldman Sachs has slashed its oil price forecast for a third time in one month after OPEC+ ... raise collective output by 411,000 barrels per day (bpd), nearly triple the volume originally scheduled.

Wall Street faced losses as trading commenced, influenced by declining oil prices and a gold rally. The S&P 500 ended its winning streak, while the Nasdaq fell due to tech stock declines.

JP Morgan now expects global oil demand to increase by 0.8 million barrels per day (mbd), with growth averaging only 0.3 mbd in the third quarter. "Higher production volumes from the OPEC+ ...