Oil prices dive NEW YORK: Oil prices tumbled by more than 4% on Wednesday following reports that Russia may lift its diesel ban in... Published 05 Oct, 2023 06:23am
Markets Oil settles down $2/bbl, ends week lower on Fed worries NEW YORK: Oil settled down $2 a barrel on Friday and ended the week markedly lower, as traders worried that future ... Published 20 Feb, 2023 06:26am
Markets Oil up on weak dollar, but starts first week of year lower NEW YORK: Oil prices gained over 1% on Friday as the dollar slid on a stronger-than-expected US jobs report, but ... Published 09 Jan, 2023 06:01am
Markets Oil prices down on recession worries NEW YORK: Oil prices plummeted more than 3% on Friday as global recession fears and weak oil demand, especially in... Published 16 Oct, 2022 03:53am
Markets Oil prices weaken on hawkish Fed rhetoric, concerns about demand NEW YORK: Oil prices fell about $1 a barrel on Thursday in volatile trading as investors weighed the risk that... Updated 23 Jun, 2022 09:15pm
Markets Oil slumps 7pc to four-week low on recession worries, strong dollar NEW YORK: Oil prices tumbled about 7% to a four-week low on Friday on worries that interest rate hikes by major... Published 18 Jun, 2022 06:00am
Markets Oil drops $3 on positive signals from Russia-Ukraine peace talks HOUSTON: Oil prices dropped on Tuesday, extending losses from the previous day on signs of progress in talks between... Updated 29 Mar, 2022 09:12pm
Markets WTI oil price sinks 5% on Ukraine, China LONDON: US benchmark oil West Texas Intermediate slid Monday on Ukraine peace hopes and after major consumer China... Published 14 Mar, 2022 03:49pm
Markets Oil falls 8% on Russia-Ukraine talk hopes, China lockdowns NEW YORK: Oil prices dropped about 8% on Monday to the lowest in two weeks, as diplomatic efforts between Ukraine ... Updated 14 Mar, 2022 09:34pm
Markets Oil prices recoup losses as Russia-Ukraine tensions stay high LONDON: Oil prices recouped losses on Wednesday as investors weighed conflicting statements on the possible... Updated 16 Feb, 2022 04:08pm
Markets Oil hits fresh 7-year highs on supply concerns LONDON: Oil prices reached seven-year highs on Friday as geopolitical tensions continue to raise supply concerns.... Published 28 Jan, 2022 08:51pm
Markets Oil breaks $90/bbl for the first time since 2014 on Russia tensions NEW YORK: Oil touched $90 a barrel for the first time in seven years on Wednesday, supported by tight supply and... Updated 26 Jan, 2022 09:55pm
Markets Oil broadly stable as tight supply counters falling US markets LONDON: Oil prices were broadly stable on Tuesday as bullish signals from a tight supply picture were countered by... Published 25 Jan, 2022 06:33pm
Markets Oil prices rise on supply fears amid tensions in Eastern Europe, Middle East Brent crude futures rose 81 cents, or 0.9%, to $88.70 a barrel Published 24 Jan, 2022 10:24am
Markets Oil prices slip from 2014 highs, supply concerns limit losses LONDON: Oil slipped on Thursday on indications of rising US stocks and as investors took profits after a recent ... Published 20 Jan, 2022 08:25pm
Markets Oil steady as investors question reserve release LONDON: Oil prices were steady on Wednesday as investors questioned the effectiveness of a US-led release of oil ... Published 24 Nov, 2021 07:13pm
Markets Oil rises 2% to one-week high after US taps emergency reserves NEW YORK: Oil prices rose to a one-week high on Tuesday after a move by the United States and other consumer nations... Updated 23 Nov, 2021 09:53pm
Markets Oil steadies near $80 after US taps emergency reserves LONDON: Oil prices steadied near $80 a barrel on Tuesday after the United States announced plans to release up to 50... Published 23 Nov, 2021 06:21pm
Markets Oil prices retreat in face of supply and demand pressures LONDON: Oil prices fell on Monday as rising COVID-19 cases in Europe and a potential release of Japanese oil ... Updated 22 Nov, 2021 05:32pm
Markets Oil drops below $80 on European COVID concerns LONDON: Oil prices dropped below $79 a barrel on Friday as a fresh surge in COVID-19 cases in Europe threatened to... Published 19 Nov, 2021 05:46pm
Markets Oil near six-week low as China readies crude reserve release LONDON: Oil prices slid to six-week lows on Thursday before recovering some ground, as China said it was moving to... Published 18 Nov, 2021 04:09pm
Markets Oil prices slide as China readies release of crude from strategic reserves TOKYO: Oil prices fell on Thursday, adding to an overnight plunge as China said it was moving to release reserves... Published 18 Nov, 2021 09:48am
Markets Oil drops on oversupply warnings, rising COVID-19 cases LONDON: Oil prices fell on Wednesday after the International Energy Agency (IEA) and OPEC warned of impending... Published 17 Nov, 2021 08:11pm
Markets Oil prices head for weekly dip as dollar firms LONDON: Oil prices fell on Friday, wiping out gains from the previous session as the dollar continued to firm on... Published 12 Nov, 2021 05:20pm
Markets Oil prices dip after US inventory report NEW YORK: Oil prices edged lower after US crude stocks rose modestly, one day after an industry report suggested... Published 10 Nov, 2021 09:46pm
Markets Oil approaches $84 as lifting of US travel ban boosts demand LONDON: Oil rose towards $84 a barrel on Tuesday, gaining for a third session, as the US lifting of travel... Published 09 Nov, 2021 05:08pm
Markets Oil gains after US infrastructure bill, plans to address prices LONDON: Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy... Published 08 Nov, 2021 06:26pm
Markets Oil prices rise 2% ahead of OPEC+ meeting LONDON: Oil prices rose more than 2% on Thursday, lifted by expectations that OPEC and its allies will stick to slow... Published 04 Nov, 2021 04:56pm
Markets Oil down after API data shows US inventory build-up LONDON: Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in... Published 03 Nov, 2021 06:35pm
Markets Oil falls further below $85, US inventories and OPEC+ in view LONDON: Oil fell further below $85 a barrel on Tuesday, but it was still not far from a three-year high in choppy... Updated 02 Nov, 2021 06:06pm
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points