TOKYO (Reuters) -Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth.
LONDON (Reuters) - Oil prices rose on Wednesday on expectations that easing COVID-19 restrictions in China will boost demand and as supply concerns grew.
, LONDON (Reuters) -Oil prices fell on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.
Wall Street's main indexes also turned lower in volatile trading on concerns over aggressive monetary tightening and slowing economic growth.
European stock indexes rose on Tuesday as risk appetite showed some signs of picking up again after Monday's sharp falls, but fears over economic growth still weighed on markets
Brent crude futures for May fell $4.87, or 4.3%, to $108.58 a barrel by 0855 GMT
The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), reports Reuters
The war in Ukraine is a shock, they note, but one the United States may have unintentionally insured itself against.
Brent crude slipped to $93.14 a barrel at 0730 GMT, down 40 cents or 0.4%, after earlier touching $95
Investors are closely watching the outcome of U.S.-Iran nuclear talks which resumed this week. A deal could lift U.S. sanctions on Iranian oil and ease global supply tightness
MSCI's broadest index of Asia-Pacific shares outside Japan was unchanged, after sharp losses earlier in the week
Oil prices rose as US implied consumer petroleum demand surged to a record high in the world's top oil consumer
The Energy Department announced the first sale of 18 million barrels of oil from the US Strategic Petroleum Reserve (SPR) aimed at reducing pump prices of fuel that had hit seven-year highs
The US emergency oil reserve is a tool available to Washington to address unusual short-term mismatches between oil supply and demand, Energy Secretary Jennifer Granholm said
Shares tumbled on Wall Street on Friday as they reopened after Thanksgiving, while European stocks saw their biggest sell-off in 17 months
Democrats in the House of Representatives urged President Joe Biden to release crude oil from the US Strategic Petroleum Reserve (SPR)
The United States is expected to announce a loan of crude oil from its emergency stockpile on Tuesday
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.
Washington's bid to cool markets, asking China to join a coordinated action for the first time, comes as high gasoline prices and other inflationary pressures have sparked a political backlash.
The rally came ahead of the U.S. Energy Information Administration's (EIA) release of oil and gasoline price predictions