Crude oil fell for a second consecutive day on Thursday to hit a one-month low after an unexpected increase in U.S. inventories and on growing concerns over an oversupplied market following a rebound in oil production in Libya and Nigeria, which are exempt from OPEC's production cuts.
read more... 09/06/2017
Oil prices fell sharply on Wednesday, due to oversupply concerns after the U.S. energy department has estimated a rise in oil production.
read more... 08/06/2017
Oil prices increased on Tuesday, finding technical support after falling on pressure from a diplomatic rift in Middle East.
read more... 07/06/2017
Oil prices dropped on Monday on worries that that the cutting of connections with Qatar by the most important crude exporter Saudi Arabia and other Arab states might hamper a global accord to reduce oil production.
read more... 06/06/2017
Oil prices plunged on Friday, on fears that U.S. President Donald Trump's decision to exit a climate pact could cause more crude drilling in the United States, worsening a global glut.
read more... 05/06/2017