Oil prices climbed about 3% on Tuesday on signs of higher demand in Europe and China, lower production in the U.S., tensions in the Middle East and as buyers emerged the day after prices fell to a four-year low.

Oil prices rose more than 2 per cent on Monday after China and U.S officials claimed progress in trade talks over the weekend- the first weekly gains since mid-April. Brent crude futures climbed +1.65, or 2.58%, to $65.56 a barrel by 8:33 AM WAT on Monday. The benchmarks rose more than $1 on Friday and gained over 4% last week.

Oil prices reportedly dropped Monday in a trend an analyst said could contribute to lower gas prices.The price for a crude oil continuous futures contract, whic

And although environmentalists say that oil consumption must drop if the world is to meet climate goals, demand is still expected to rise this year — even with a trade war. The question is how much. Analysts at Rystad Energy, a research company ...

Oil prices rose today, May 8, as markets assessed the prospects for trade talks between the world's two largest economies and amid a larger-than-expec

President Donald Trump wants more oil drilling, but one Texas producer expects low prices to send output downward.

The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was well timed.

Oil prices rose today, May 7, supported by signs of weak production in the US and rising demand in Europe and China. Brent crude was trading up