U.S. oil prices dropped below $60 a barrel on Sunday as the global market sell-off on recession fears fueled by President ...

The light sweet crude oil market has gapped lower and then started ... Now, while I wouldn’t go so far as to say it looks like we are going to have a big bounce. A bounce from the $60 level ...

Both API and EIA reports can influence crude oil prices, though the API is often used as a preliminary indicator. The EIA report includes crucial refinery utilization data, providing deeper insights ...

In 2021, OPEC estimated that 80% of the world’s proven crude oil reserves ... other members like Kuwait and the United Arab Emirates – that have that market power (to set oil prices ...

Oil market fundamentals support the OPEC+ decision to increase May’s crude oil production by three times more than what the group originally planned, energy investor and senior portfolio manager ...

LAUNCESTON, Australia, March 20 (Reuters) - What's more important for crude oil markets ... far from the sole driver of the crude price, it does play an outsized role given it accounts for ...