Brent crude’s sharp fall is driven by concerns over deteriorating U.S. consumer sentiment and fears that Trump’s policies could have negative effects on the economy, SEB said.

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Oil holds near two-month low on rising supply concerns

Oil prices held around two-month lows on Wednesday as a potential peace deal between Russia and Ukraine continued to weigh on prices while lower U.S. crude stockpiles provided some support. Brent ...

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Oil Prices Jump on U.S. Inventory Dip

Crude oil prices rose following an unexpected decline in U.S. oil inventories reported by the API, countering earlier downward pressure from potential peace talks and economic concerns.

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Serbia shores up oil reserves as seeks delay of U.S. sanctions on oil company NIS

Serbia is shoring up its crude oil and fuel reserves as the country presses on with talks with the United States and Russia to avoid U.S. sanctions on its oil company NIS, energy minister Dubravka ...

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Oil edges up after US stockpiles report helps offset worries on rising supply

Oil prices climbed in early Asian trading hours on Wednesday, bouncing off two-month lows hit in the prior session, after an industry group reported U.S. crude stockpiles fell last week.

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