Browsing Tag

Energy Information Administration

Oil hovers near 13-week high on robust U.S. demand, China optimism

Kemal Pasha Jun 9, 2022

Oil prices held near 13-week highs on Thursday, underpinned by robust demand in the world's top consumer United States while demand is expected to rebound in China as COVID-19 curbs across major cities are relaxed. Brent crude futures for…

Business

Oil prices nudge up after API data shows surprise drop in US stocks

Kemal Pasha Feb 9, 2022

SINGAPORE: Oil prices nudged up on Wednesday following two sessions of losses after industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran. Brent crude futures…