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Oil slumps around 9% in the week

Oil prices rebounded slightly on Friday, ending a week of heavy losses for the "black gold", after a surprisingly strong picture of the US labor market failed to ease fears of a global economic slowdown. Crude...

Oil is moving higher as hopes that OPEC+ will increase production fade

Oil prices rose in European trade on Friday as attention turned to next week's OPEC+ meeting and expectations that it will dash U.S. hopes for a supply boost. Brent futures for September, which expire on Friday, gained...

Crude closed above $100 again

Oil prices rallied strongly, closing back above €100 in a week as heightened concerns over gas flows in Europe following Gazprom's "force majeure" plea and a weaker dollar offset fears about crude demand due to an...

Heavy losses for oil in the week, at -6.9% US crude

A rebound in oil prices on Friday pared some of the week's significant losses amid Biden's visit to Saudi Arabia and a U.S. official telling Reuters the U.S. did not expect to see an immediate increase...

Oil prices at their lowest level since April

With losses but far from intraday lows of as much as -5%, oil prices closed on Thursday, falling to their lowest level since April. In particular, the slow type West Texas Intermediate U.S. crude for...

Oil: Week of recession worries with losses over 3.4%

Oil prices closed higher for the second consecutive session, but the "black gold" recorded significant losses during the week amid concerns about an impending economic recession - due to restrictive monetary policies - which will hit...