Tue, 21-Oct-2025

Oil prices decline as China imposes more extensive Covid-19 restrictions

oil prices

Brent crude for January delivery fell 4 cents to $92.77 per barrel. U.S. West Texas Intermediate (WTI) crude declined 18 cents, or 0.2%, to $86.35. China’s 19 crude oil import restrictions forced the temporary shutdown of Disney’s Shanghai resort. Oil prices declined on Tuesday, extending losses of 1% from the previous session, as expectations of … Read more

Oil recovers after a sharp plunge, buoyed by limited supply

Oil

Oil prices recover from the steep drop after Federal Reserve’s rate hike sparked fears of slower economic growth. Tight oil supply and peak summer consumption support prices. U.S. crude production rose last week to its highest level since April 2020, EIA data shows. Oil costs recuperated on Thursday from a lofty drop in the past … Read more