The American Petroleum Institute (API) estimated that crude oil inventories in the United States ... Brent crude was trading up $1.00 (+1.51%) on the day, leaving the international benchmark ...

Oil fell for a second day after President Donald Trump said the US and Iran are getting closer to a deal regarding Tehran’s nuclear program, a move that could unleash more supplies onto a market ...

12 May 2025 09:01:34 GMT WTI crude oil futures slid 3.2% to $56.40 per barrel on Monday following OPEC+’s decision to raise production by 411,000 barrels per day in June. This marks the second ...

Goldman Sachs has slashed its oil price forecast for a third time in one month after OPEC+ ... raise collective output by 411,000 barrels per day (bpd), nearly triple the volume originally scheduled.

The friction comes a day after Trump said during a visit to Saudi Arabia that he’ll drive Iran’s oil exports to zero if a nuclear agreement can’t be reached. Washington also announced new ...

Wall Street faced losses as trading commenced, influenced by declining oil prices and a gold rally. The S&P 500 ended its winning streak, while the Nasdaq fell due to tech stock declines.