Oil set for weekly gain on signs of tight supply, China comeback

West Texas Intermediate futures traded near $76 a barrel and are up around 7 per cent this week


Oil steadies after three-day drop as demand concerns multiply

West Texas Intermediate held above $74 a barrel after futures sank almost 9 per cent in the prior three sessions to erase the year’s gains

Oil sinks again on recession concerns and rising US stockpiles

West Texas Intermediate fell below $98 a barrel and has shed about 10 per cent so far this week

Brent oil edges above $75 as investors assess tightening market

Brent oil has rallied more than 40 per cent this year as a strong rebound from the pandemic in the US, China and Europe underpins increasing fuel consumption


Oil market receives boost as OPEC+ agree to gradual output hike

Members have decided to add 500,000bpd of production to the market next month, then hold monthly meetings to decide on subsequent moves