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Oil prices fall 1% after Fed rate hike

Pumpjacks are seen at sunset in the Daqing Oil Field in Heilongjiang Province, China, August 22, 2019.Reuters/Stringer Register now for free, unlimited access to Reuters.com register NEW YORK (Reuters) – Oil prices rose to about 1 on Wednesday after the Federal Reserve hiked interest rates sharply again to curb inflation that could dampen economic activity … Read more

Oil prices fall, investors expect Fed rate hike

Storage tanks are seen at Marathon Petroleum’s Los Angeles refinery in Carson, California, USA, March 11, 2022. The refinery processes domestic and imported crude oil into California Air Resources Board (CARB) gasoline, CARB diesel fuel, and other petroleum products. Taken with a drone. REUTERS/Bing Guan/File Photo Register now for free, unlimited access to Reuters.com register … Read more

Crude oil plunges on fears of recession.Supply Concerns Limit Decline

Crude oil storage tanks are seen in an aerial view of the Cushing Oil Hub in Cushing, Oklahoma, USA on April 21, 2020. REUTERS/Drone Base Register now for free, unlimited access to Reuters.com register SINGAPORE (Reuters) – Fears of a global recession could weigh on fuel demand growth after supply worries preceded the European Union … Read more

Starboard invests in website development platform Wix

Register now for free, unlimited access to Reuters.com register NEW YORK (Reuters) – Starboard Value LP has acquired a 9% stake in website development platform Wix.com Limited (WIX.O). Reuters reported on the same day, citing a source familiar with the matter, that Starboard is increasing its investment and has spoken to Wix about ways to … Read more

Oil prices fall amid China’s COVID containment, possible rate hike

An oil pump at IPC Petroleum France in the Soudron suburb near Reims, France, on August 24, 2022. REUTERS/Pascal Rossignol/File Photo Register now for free, unlimited access to Reuters.com register SINGAPORE (Reuters) – Oil prices fell on Monday. The outlook for global fuel demand is overshadowed by coronavirus restrictions in China and the possibility of … Read more

Oil rises 4% on supply threats, but still falls weekly

Chimneys of the Total Grandpuy oil refinery just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann Register now for free, unlimited access to Reuters.com register Oil benchmarks heading for second week drop Putin threatens to cut off all energy supplies Federal Reserve’s Waller: We need aggressive rate hikes now while the economy … Read more

Oil rises slightly from 7-month lows as Russia threatens to halt exports

A view showing the crude oil terminal Kozmino on the coast of Nakhodka Bay near the Russian port city of Nakhodka on August 12, 2022. REUTERS/Tatiana Meel Register now for free, unlimited access to Reuters.com register US Crude Stocks Surge Nearly 9 Million Barrels – EIA US considers need for more oil release from strategic … Read more

Strong dollar, oil falls more than $4 on recession fears

An oil pump jack pumping oil in an oil field near Calgary, Alberta, Canada, July 21, 2014. REUTERS/Todd Korol/File Photo Register now for free, unlimited access to Reuters.com register Sept 7 (Reuters) – Oil prices fell more than $4 on Wednesday, below levels seen before Russia’s invasion of Ukraine. Brent crude futures fell $4.12, or … Read more

Oil sinks as demand concerns take momentum from OPEC-led rally

An oil pump jack is seen at the Vaca Muerta shale oil and gas deposit in Patagonia, Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian Register now for free, unlimited access to Reuters.com register OPEC+ cuts production by 100,000 bpd in October EU’s Borrell not optimistic about swift revival of Iran nuclear deal US Holidays Delay … Read more

OPEC+ considers rollover or rate cut at Monday’s meeting, sources say

The logo of the Organization of the Petroleum Exporting Countries (OPEC) at its headquarters in Vienna, Austria, August 21, 2015. REUTERS/Heinz-Peter Bader/File Photo Register now for free, unlimited access to Reuters.com register OPEC+ will meet on Monday to decide policy Iran nuclear deal could boost oil supplies Russia further cuts gas to Europe Brent Crude … Read more