Commodities

Commodities

Saudi to cut oil output in July, OPEC extends deal into 2024

VIENNA (Reuters) -Saudi Arabia will make deep production cuts in July as part of a broader output-limiting OPEC+ deal as the group faces flagging oil...

Commodities

Oil steady as recession woes counter positive Chinese signals

HOUSTON (Reuters) -Oil prices held steady on Monday in choppy trading as fears that high inflation and energy costs could drag the global economy into...

Commodities

Oil slumps $10/bbl as recession fears darken demand outlook

NEW YORK (Reuters) -Oil plummeted by about $10 a barrel on Tuesday as concerns of a global recession curtailing demand overshadowed a strike by Norwegian...

Commodities

Oil in 2nd Weekly Loss, But a Barrel Still Above $100

Oil prices were headed for a second weekly loss on Friday as the Russia-Ukraine war premium dipped from its highs of two weeks ago. But...