Wall Street Banks See Oil in the Low $70s. Rising supply and potentially weaker-than-expected demand are set to keep oil prices in check this year, with the price likely to average in the low $70s ...

Harsh winters in the U.S. and Europe drive heating fuel demand, lifting global oil consumption by 1.6M bpd in Q1 2025. Biden’s anticipated sanctions on Russia and Iran raise supply risks ...

NEW YORK (Reuters) - Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new U.S. tariffs and their expected effect on the world's economy.

(Bloomberg) -- Oil advanced after a US government report reinforced expectations of tighter near-term supplies, injecting some bullishness about the market’s fundamentals. West Texas ...

SUPPLY AND DEMAND: The broader oil market outlook remains mixed amid U.S. sanctions, uncertain geopolitical developments in Eastern Europe and The Organization of the Petroleum Exporting Countries ...

1546 GMT – Oil prices extend gains in afternoon trade, buoyed by U.S. stockpile draws and U.S. pressure on Iran and Venezuela. Brent crude is up 1.2% to $73.27 a barrel, while WTI rises 1.4% to ...

NEW YORK, March 21 (Reuters) - Oil prices settled higher on Friday and ... the OPEC+ producer group raised expectations of tighter supply. Brent crude futures rose 16 cents, or 0.2%, to settle ...

driven by the latest U.S. oil inventory report by the American Petroleum Institute and expectations of tighter supply on Washington’s double-down on oil sanctions against Iran and Venezuela.

“There is plenty of supply around,” said Hardy on oil availability for 2025 and in the medium term. He commented that despite some “threats” to potential supply, he sees that “by and ...