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Oil prices up on OPEC+ output hike, US-Russia tensions

- Prices edge higher after 8 OPEC+ members agree to raise oil production by 547,000 barrels per day in September from August levels

11:06 Oil

OPEC+'s 8 members to increase output by 547,000 bpd in September

- Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman to raise production as part of gradual rollback of earlier voluntary cuts, OPEC statement says

03.08.2025 Oil

Oil prices post weekly gains on supply concerns, trade uncertainty

- Brent crude edges higher on US-EU trade deal and sanctions risk

01.08.2025 Oil

Oil declines as global risk sentiment rises, US tariffs spark market volatility

- Trump's new tariffs and sanctions raise global risk, pressuring markets and fueling oil supply concerns

01.08.2025 Oil

Oil prices dip amid Trump’s Russia comments, US inventory build

- Caution ahead of US Fed rate decision also weighs on market

30.07.2025 Oil

Oil prices slip as markets eye Fed decision, weigh US-EU trade deal

- Easing trade tensions offers some relief, but uncertainty over economic fallout from tariffs continues to weigh on investor sentiment

29.07.2025 Oil

Oil prices rise on US-EU trade deal, Fed rate uncertainty

- US-EU deal could boost economic activity and lift energy demand, adding upward pressure on oil prices, according to analysts

28.07.2025 Oil

Oil eyes weekly drop amid tariffs and sanctions

- Oil slides on fresh Russian sanctions and geopolitical uncertainties, partly offset by optimism over trade deals

25.07.2025 Oil

Oil prices rise on optimism over US trade deals ahead of Aug. 1

- Signs of easing trade tensions between US and key partners lift demand expectations

25.07.2025 Oil

Oil prices up amid hopes for new trade deals, stronger US demand

- Prices were supported by reports that Washington and Brussels were nearing a trade agreement that would impose reciprocal 15% tariffs on select goods, mirroring recent US-Japan deal

24.07.2025 Oil