The supply of crude oil is limited, however, and cannot be increased further, since it has become increasingly difficult to find and develop new oil reserves in recent years. As a result ...

The West Texas Intermediate (WTI) crude oil price has retreated this year as concerns about demand and supply remain. WTI, ...

Crude oil nears $63.34 breakout level as Iran sanctions and OPEC cuts tighten supply. Bullish signals build with falling fuel ...

Major oil traders including Trafigura Group and Gunvor Group are bearish on crude prices over the rest of the year due to rising supply, particularly from outside OPEC+. The producer group is also ...