Oil prices rises on Thursday, extending gains from the previous session, as a European Union plan for more penalties against Russia, including a six-month oil embargo, countered concerns over Chinese demand. By 0209 GMT, Brent crude futures had risen 35 cents, or 0.3 percent, to $110.49 a barrel, while West Texas Intermediate crude futures had […]
Oil prices were down about 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation. Brent crude, the global benchmark, fell $5.91, or 5.22%, to settle at $107.25 a barrel, while U.S. West Texas Intermediate dropped $5.65, or 5.22%, to settle at […]