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Oil Futures Settle Sharply Higher On Supply Concerns

Crude oil prices rose sharply on Wednesday amid rising concerns over supplies as geopolitical concerns escalated after a huge explosion at a Gaza hospital.. ....

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Oil Futures Spike 3.6%, Settle At Nearly 13-Month High

Crude oil prices rose sharply on Wednesday after data showing an unexpected drop in U.S. crude stockpiles in the week ended September 22 added to concerns about tightening supplies amid production cuts by OPEC and its allies. ....

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Oil prices tick up as markets zoom in on supply tightness

Oil prices edged higher on Thursday, after dipping slightly in the previous session, as markets refocused on expectations of tight crude supply for the rest of 2023. International benchmark Brent futures climbed 17 cents to $92.05 a barrel at 12:02 GMT, while U.S. West Texas Intermediate crude (WTI) rose 19 cents to $88.71. Saudi Arabia and Russia's extension of oil output cuts to the end of 2023 will mean a substantial market deficit through the fourth quarter, the International Energy Agency (IEA) said on Wednesday, as it largely stuck by its estimates for demand growth this year and next. ....

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Oil Posts Best Run Since 2019 as OPEC+ Cuts to Tighten Market

(Bloomberg) Oil steadied after the longest winning run in more than four years as OPEC+ leaders extended supply cuts to the end of 2023 and industry estimates pointed to another draw in US crude inventories.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderFed Set to Double Its Economic Growth Forecast After Strong US DataStocks Retreat After Hot ISM Fuels Fed-Hike Wagers: Markets WrapSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackUS Want ....

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Will We See $90 WTI Soon? | OilPrice.com

Fundamentally speaking, with depleting inventories and a perceived tightening of the crude oil market, the short-term forecast appears bullish, but beyond this, there are some risks to demand brewing. ....

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