Oil prices fell sharply after a massive U.S. inventory build and a downgraded global demand forecast reinforced concerns about oversupply, even as U.S.-Iran tensions kept a geopolitical floor under ...

By Erwin Seba HOUSTON, Feb 12 (Reuters) - Oil prices dropped on Thursday due to falling demand, retreating fears of renewed ...

By Erwin Seba HOUSTON, Feb 12 (Reuters) - Oil prices dropped $2 a barrel on Thursday due to falling demand, retreating fears ...

Oil prices fell sharply after the IEA cut its demand growth forecast, intensifying concerns that rising supply could lead to ...

The International Energy Agency on Thursday trimmed its 2026 global oil demand growth forecast to 850,000 b/d from 930,000 b/d. It also projected global supply will increase by 2.4 million b/d this ...

World oil demand will rise more slowly than expected this year, the International Energy Agency said on Thursday, while ...

Precious metals dip ahead of US economic data; oil gains on Strait of Hormuz tensions; base metals fall on China demand.

Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge can ...

A decrease in oil supply drives up oil prices, which can raise unemployment and inflation. To counter adverse effects on inflation, a central bank may choose to increase its policy rate, potentially ...

OPEC+ policy acted as an "accelerant, rather than the sole driver," for oil's losses this year, said Rebecca Babin of CIBC Private Wealth. The world has more oil than it needs, but a drop in crude ...

Conditions are positive for commodities due to supply/demand dynamics. Copper and gold may move higher, path for silver less certain. Oil price caught between large supply and geopolitical risk.