Oil fell for a second day after President Donald Trump said the US and Iran are getting closer to a deal regarding Tehran’s nuclear program, a move that could unleash more supplies onto a market ...

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 ...

The friction comes a day after Trump said during a visit to Saudi Arabia that he’ll drive Iran’s oil exports to zero if a nuclear agreement can’t be reached. Washington also announced new ...

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.

Crude oil futures fell by midday Wednesday trade after a four-day rally, following data showing higher U.S. crude inventory and a cautious OPEC report. At 11:45 a.m. ET, June NYMEX West Texas ...

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.