Oil

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Oil prices slid by more than 1% on Monday, reflecting persistent concerns over weakened global demand despite the escalating conflict between Israel and Hezbollah in the Middle East. Investors appeared more focused on the macroeconomic picture of slowing global consumption rather than the immediate...

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Earlier this month, Halliburton Company (NYSE:HAL) said that a cyberattack had disrupted its critical business applications. A lower overall revenue diversification puts the company at a disadvantage against the backdrop of a tepid commodity macro, according to RBC Capital Markets. Analyst Keith...

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Exxon Mobil Corporation (NYSE:XOM) plans to cut production at its Baton Rouge, Louisiana refinery to as low as 20% of its 522,500 barrel-per-day capacity by Wednesday, as Hurricane Francine is forecasted to pass just east of the facility. On Tuesday night, Francine intensified into a hurricane,...

By RoboForex Analytical Department The oil market remains under pressure. A barrel of Brent oil declined to 71.80 USD by Tuesday. The commodity erased all early-week gains as fears of slowing demand in China outweighed the risk of energy shortages due to the storm in the Persian Gulf. In recent...

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In the last few years, inflation has become one of the most concerning issues for many Americans. Whether it's housing costs, restaurant tabs or at the gas pump, prices have increased more than most consumers are comfortable with. But in a potential sign of relief, gas prices are falling, and some...

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Oil prices fell on Wednesday after OPEC+ sources said that it was talking about holding back a plan to boost output in October due to concerns over demand and production possibly coming back to Libya. Brent crude futures were down 53 cents, or 0.72% , to $73.20 as of 12:15 pm ET Wednesday. U.S....

Wall Street traded slightly higher on Wednesday, rebounding after the sharp sell-off a day earlier that saw chipmakers tumble, with NVIDIA Corp. (NASDAQ:NVDA) shedding around $280 billion in market value — the largest single-day drop in history. Investors processed fresh insights from July labor...