Page 4 - Oil Prcies

Oil rises on geopolitical risks, supply shortage

The head of NATO said on Sunday that Europe needed to diversify its energy supplies as Britain warned it was 'highly likely' that Russia was looking to invade Ukraine

Oil heads for sixth weekly gain amid supply concerns and rising demand

This year, prices have gained about 15% amid geopolitical tensions between Russia, the world's second-largest oil producer and a key natural gas provider to Europe, and the West over Ukraine

Oil headed for a 4th straight weekly gain, longest streak since October

Brent crude futures ro­se $1.16, or 1.4 per cent, to a two-and-a-half month high of $85.63 a barrel at 1125 GM

Oil prices edge up due to supply disruptions in Kazakhstan, Libya

Brent crude gained 16 US cents or 0.2 per cent at US$81.91 a barrel at 4.06 am GMT, while US West Texas Intermediate crude was up US$0.15 or 0.2 per cent at US$79.05 a barrel

Oil prices above $80 a barrel after Opec+ output target hike

Brent crude futures were up 65 cents, or 0.81 per cent, to $80.32 a barrel by 1317 GMT

Oil mixed as halted flights weigh and optimism over Omicron impact supports

More than 1,300 flights were cancelled by US airlines on Sunday as Covid-19 reduced the number of available crews

Oil climbs to fresh four-week high as Omicron concerns ease

Futures in New York traded above $73 a barrel, though liquidity is dwindling heading into the holiday period

Oil prices head for weekly loss on Omicron variant uncertainty

Brent and WTI are both headed for a 1.4 per cent loss this week

Oil prices edge higher on strong consumer demand, inventory declines

Prices had been pressured most of the day due to ongoing concerns that supply growth will outpace demand next year

Oil drops towards $73 as concerns regarding Omicron variant grow

Brent crude oil futures dropped 98 centsby 14.05 GMT

Oil down as China developer downgrades add to fears of demand outlook

On Thursday, ratings agency Fitch downgraded property developers China Evergrande Group and Kaisa Group to "restricted default" status

Oil edges higher on waning fears of Omicron variant's effects

Brent crude futures settled at $75.82, up 38 cents, or 0.5%. U.S. West Texas Intermediate crude ended at $72.36 a barrel, up 31 cents or 0.4%

Saudi Arabia raises oil prices for buyers in Asia, United States

The move signals that the world's biggest crude exporter still sees strong demand in its two main markets

Confusing signals for OMCs with crude supply-demand equation set to change

Lower oil prices can improve margins, but they could impact inventory value while a third Covid wave can potentially hurt growth

Oil falls as OPEC+ sticks to regular output increase

The Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, decided on Thursday to release more oil into the market in January in line with previous months

Help oil firms with funds, don't pressure public: Gehlot to Centre

Gehlot said inflation has shaken people across the country and there is a need to curb it

Oil prices hit 2-month low over new Covid-19 variant; cryptocurrencies tank

Oil fell with global equities markets on fears the variant could dampen economic growth

China so far non-committal to Washington's oil release, OPEC+ unmoved

On Wednesday, China said it was working on its own reserves release

Wall Street shares mixed after Fed minutes; US Treasury yields near highs

Oil prices were largely steady as investors questioned the effectiveness of a U.S.-led release of oil from strategic reserves

Oil prices stabilise after swings on prospect of crude stockpiles release

Brent crude was up 28 cents or 0.3% at $81.52 a barrel by 0145 GMT, after falling to a six-week low on Thursday before rebounding to close 1.2% higher.