Oil prices

World food prices hit highest since September, FAO says

Wheat up 4.3 percent from U.S. crop fears and Australian planting cuts 

OECD cuts Eurozone growth forecast to 0.8 percent, lifts inflation outlook to 2.6 percent amid rising energy costs

Organization says higher energy prices will reduce demand offset investment technology, lower effective rates

U.S. approves emergency summer higher-ethanol gasoline sales to curb soaring fuel prices

Agriculture Secretary hails move as step toward American Energy Dominance supporting domestic biofuel demand

Japan initiates largest-ever strategic oil release as gasoline prices hit record 190.80 yen

State reserves drawdown equals 30 days of demand roughly 8.5 million kiloliters scheduled through April end

ECB President Lagarde signals potential rate hikes to counter energy shock

Lagarde stated that a moderate overshoot of the inflation target could justify measured tightening 

China implements first fuel price control since 2013 to mitigate global oil volatility 

New price caps save chinese drivers hundreds of dollars per tonne

U.S. inflation slows to 2.9 percent, lowest in over 3 years

Fed rate cut likely as inflation continues to decline

Deflating geopolitical risk premium, hedge fund selling pushes oil to near two-month low: Report

Brent crude should return to the $90 per barrel mark as demand exceeds historic levels this year

Oil prices edge up on prospects of OPEC+ maintaining output cuts

OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June

Oil prices rally as U.S. crude inventories surge, Fed maintains interest rate

Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices

Oil prices decline for the third day as U.S. crude inventories surge

U.S. crude production escalates to 13.15 million barrels per day in February

Oil prices dip ahead of Fed meeting as supply disruptions cool

Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices

Oil prices stabilize as focus shifts to U.S. economy, interest rates

The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices

Oil prices rebound by 27 cents, Brent crude reaches $87.27 per barrel

Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics

Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel

Oil prices soar $3 per barrel amid concerns of supply disruptions 

Brent futures rose by $2.63, reaching $89.74 per barrel

Oil prices stabilize after steep declines amid U.S. rate hike fears, Venezuela sanctions

Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions

Oil prices climb on China’s economic growth, Middle East tensions

Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel