The markets have shrugged off the weekend announcement by OPEC+ that it will increase output again, said Mukesh Sahdev, chief oil analyst with Rystad Energy, in a market update. He wrote that the ...

Brent crude futures settled up $1.72, or 2.5 per cent, at $70.36 a barrel. US West Texas Intermediate crude gained $1.88, or ...

Oil prices surged over 2% due to IEA's report of a potentially tighter global market driven by strong summer demand. Concerns ...