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Oil ticks higher as tight supply trumps macroeconomic gloom

LONDON :Oil prices hovered above $90 a barrel on Friday, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty. Both oil benchmarks hit 10-month highs earlier this week after Saudi Arabia and Russia extended their voluntary supply cuts of a co

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Oil ticks higher as tight supply trumps macroeconomic gloom

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

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Oil Prices Surge After Saudi Arabia and Russia Announce Extended Oil Production Cuts Through End of 2023

Oil Prices Surge After Saudi Arabia and Russia Announce Extended Oil Production Cuts Through End of 2023
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US close: Stocks fall on gloomy data, but oil prices jump

US markets finished with moderate losses on Tuesday, with the S&P 500 pulling back from a one-month high as investors returned to their desks after the Labor Day holiday with a risk-off approach.

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Benchmark Global Oil Price Spike Could Keep Inflation High: Analysts

Prices spiked because oil giants Saudi Arabia and Russia said they plan to extend the production cuts of 1.3 million barrels a day through December.

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