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Oil Up on Bullish Omicron and Inventory Data

Factors driving oil futures are leaning towards higher prices.

New yorkUnited statesAndrew lebowJulie kingEdward moyaSaket sundriaAlex longleyExxon mobilMerck coCommodity research groupOanda corpTexas intermediateNew yearCommodity researchWith saket sundriaOil and gas petroleum news events stories articles analysis commentary headlines stocks finance commodities maps pictures

Oil prices rally on OPEC s flexible stance on supply

Oil jumped after the OPEC+ alliance left the door open to reversing its decision to boost output, with the impact of the omicron Covid-19 variant on demand remaining highly uncertain.

United statesCity ofUnited kingdomGiovanni staunovoSaket sundriaVandana hariAlex longleyFederal reserveTexas intermediateVanda insights

Oil prices surge before critical OPEC meeting as volatility spikes

Oil rebounded from another sharp drop as OPEC ministers prepared to meet amid booming volatility.

Saudi arabiaUnited statesCity ofUnited kingdomStephen brennockSaket sundriaAlex longleyOil associatesGoldman sachs group incOrganization of petroleum exporting countriesTexas intermediatePetroleum exporting countriesGoldman sachs group

Omicron scare sends oil prices into worst monthly loss this year

Oil headed for the biggest monthly loss since the early days of the coronavirus pandemic as investors weighed risks posed by the new omicron variant.

United statesSouth africaCity ofUnited kingdomGiovanni staunovoSaket sundriaStephane bancelGrant smithYork mercantile exchangeModerna incOrganization of petroleum exporting countriesNew york mercantile exchangeTexas intermediateChief executive officer stephane bancelPetroleum exporting countries

Oil prices rebound as traders consider Omicron s threat to demand

Oil rebounded from one of its biggest ever daily drops as traders assessed the risks to global demand from the Omicron variant of Covid-19 and the potential response by OPEC and its allies.

South africaUnited statesCity ofUnited kingdomAlexander novakSaket sundriaMike mullerKeshav lohiyaCarsten fritschAlex longleyGoldman sachs to energy aspectsMorgan stanleyVitol groupWorld health organizationOrganization of petroleum exporting countriesWest texas

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