“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 ...

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 ...

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 ...

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 ...

Stocks close higher for third ... in oil prices. So markets clearly don't see a recession as inevitable, particularly if the tariffs don't come into force after the latest 90-day extension." ...

Brent crude oil falls 0.4% to $66.38 a barrel ... While Thursday marked Wall Street's third rally in a row, given three topsy-turvy weeks of tariff headlines, and the ugly selloff four sessions ...

JP Morgan on Monday lowered its oil price forecasts for 2025 and next year, citing higher production from OPEC+ and weaker demand.