Oil prices rose on Friday as involuntary supply cuts from Venezuela and Iran plus conflict in Libya supported perceptions of a tightening market, already underpinned by a production reductio... Read more
OPEC could raise oil output from July if Venezuelan and Iranian supply drops further and prices keep rallying, because extending production cuts with Russia and other allies could over-tight... Read more
Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply, although Russian comments signaling willingness to pump mor... Read more
Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC. U.S. sanctions against oil producers Iran and Venezuela are also boosting prices, although tra... Read more
