Oil inches up on Kazakhstan supply disruption
Brent crude oil prices advanced on Tuesday adding to gains in the previous session after a drone attack on an oil pipeline pumping station in Russia reduced flows from Kazakhstan, but gains were capped on the prospects of supply rising soon.
Oil Prices Slide After Streak of Gains
The Tuesday drone attack on the CPC pipeline, Kazakhstan’s key export conduit, has set a bullish tone for this week with four straight daily gains, but prices reversed course on Friday morning.
Oil Set for Weekly Gains as Supply Concerns Weigh on Sentiment
Crude futures were edging lower in early trade but are still poised for weekly gains of more than 1.5% on rising supply concerns and a weaker U.S. dollar. Prices are supported by disruptions to Kazakh
Oil settles down $2, posting weekly loss as Mideast risk premium fades
Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty looms over a potential peace deal in Ukraine.
Crude Oil Posts a 1-Week High on Supply Uncertainty
Thursday closed up +0.32 (+0.44%), and March RBOB gasoline (RBH25) closed unchanged. Crude oil prices Thursday climbed to a 1-week high and settled moderately higher. Thursday's weaker dollar was supportive of energy prices.
Brent Oil Price Forecast: Supply Concerns And Technical Analysis
Brent crude prices had a poor finish on Wednesday, but still recorded its third consecutive day of gains as supply fears persist. Click to read.
Oil prices lower, geopolitical uncertainty and supply concerns remain
Crude oil futures opened lower after a three-day rebound as traders reacted to an increase in crude inventories in the US. The figures were also higher than expected. However, the market could remain volatile as traders consider the economic and geopolitical developments.
Crude oil prices hit two-month low amid rising supplies and demand concerns
Crude prices fell to a two-month low, weakened by rising oil supplies and concerns over demand. Prices posted a fifth consecutive weekly loss, the first such losing streak in a year. West Texas Intermediate rose three of four trading days on the New York Mercantile Exchange,
Oil prices set for biggest weekly gain since January: what’s driving the rally?
Oil is headed for its biggest weekly gains since the middle of January as supply disruptions and rising demand supported ...
Oil News: Traders Await Catalyst as Crude Tests Critical Pivot Area
Crude oil dips as easing Mideast tensions and rising U.S. inventories counter supply disruptions. Market awaits fresh ...
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Oil Price Rise After Attack on Kazakhstan’s Key Oil Export Route
Oil prices rose on Tuesday following a drone attack on a major Russian pipeline that carries a significant portion of Kazakh ...
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Chevron achieves first oil at Future Growth Project in Kazakhstan
The Tengiz oil field, located in western Kazakhstan, ranks as the world’s deepest producing supergiant oil field and the ...
Russia says drone attack cut oil via Kazakhstan Caspian pipeline by up to 40%
Russia said oil flows through the Caspian Pipeline Consortium (CPC), a major route for supplying Kazakhstan and exporting to the global market, were reduced by 30-40% on Tuesday after a Ukrainian ...
Oil Rises on Supply Fears
Oil prices were rising in early trading amid market concerns over supply disruptions. Brent crude was up 0.8% at $76.46 a ...
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Crude Oil Prices Rise on Supply Risks
Crude oil prices on Wednesday traded higher, extending Tuesday's gains that were driven by a drone attack on a Russian pumping station that could reduce Kazakhstan crude oil exports by 30%.
Easing of western sanctions might not boost Russian oil flows, Goldman says
Crude oil futures edged higher, largely driven by fears over Kazakhstan's oil flows following a drone attack on a pumping ...