Oil prices experienced their first monthly decline since November, with a decrease on Friday

Oil prices fell on Friday, heading for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian presidents Washington’s new tariffs and Iraq’s decision to resume oil exports from the Kurdistan region. Brent crude futures settled at $73.18 a barrel, down 86 cents, or 1.16%, while U.S….

Read More

Crude oil rose as investors decided to concentrate on a tighter supply

Despite continuing macroeconomic uncertainty, crude oil achieved a rise of 0.43%, ending the day at $72.58. Investors were more interested in the tightening supply conditions. The voluntary supply cuts by Saudi Arabia and Russia were increased by a total of 1.3 million barrels per day until the end of the year, which improved market sentiment….

Read More

API: Crude Oil Stocks increased by 6 million barrels last week

American Petroleum Institute (API) statistics released on Tuesday, which came before the government released its official inventory figures, which would have included drawdowns from the national oil reserve, showed that U.S. crude stockpiles increased by more than 6 million barrels over the previous week. September 9, API reported that U.S. crude stockpiles increased by 6.035…

Read More