Crude Oil

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Rise in US stockpile sees oil prices sink

Oil prices fell on Wednesday after industry data showed U.S. stockpiles of crude unexpectedly rose, starting the new month in negative territory after the largest monthly decline in two years in July. Aug 1, 2018

Oil prices drop as Trump asks OPEC to stabilise market

A key driver of the rise in prices has been the OPEC-Russia deal to cut oil output, compounded by collapsing Venezuelan production and the U.S. decision to end the Iran deal, National Australia Bank (NAB) said in its July outlook. Jul 5, 2018

Oil prices fall as Russia, US look to boost supplies

The Organization of the Petroleum Exporting Countries (OPEC), as well as other non- Opec countries started reducing supplies last year to boost oil prices, which in 2016 had fallen to under $30 per barrel. May 28, 2018