Oil prices

Oil settles up 3% on Venezuela news, supply worries in Russia, Iraq and Iran

[NEW YORK] Oil prices climbed over 3 per cent on Thursday after two straight days of declines, settling at a two-week high as investors assessed developments in Venezuela and worried about supplies fr...

US crude fell US$1.14 to settle at US$55.99 a barrel and Brent fell 74 cents to settle at US$59.96 on Wednesday.

Oil falls after Trump reveals plan for Venezuelan oil

[NEW YORK] Oil prices fell on Wednesday as US President Donald Trump’s plan to refine and sell Venezuelan crude oil raised concerns about the long-term impact of US actions.

An oil refinery in Venezuela. The country has millions of barrels of oil loaded on tankers and in storage tanks that it has been unable to ship since mid-December due to a blockade on exports imposed by Trump.

Oil falls after Trump says Venezuela will supply to US

[LONDON] Oil prices fell on Wednesday (Jan 7) after President Donald Trump said the United States had reached a deal to import up to US$2 billion worth of Venezuelan crude, a move that is expected to ...

US West Texas Intermediate crude (WTI) fell 78 cents, or 1.37 per cent, to US$56.35 a barrel by 0200 GMT, while Brent crude futures fell 61 cents, or 1 per cent, to US$60.09 a barrel on Wednesday.

Oil falls after Trump says Venezuela will send oil to United States

OIL prices declined on Wednesday (Jan 7) after US President Donald Trump said Venezuela will be “turning over” 30 million to 50 million barrels of sanctioned oil to the United States.

The cut comes as the Organisation of the Petroleum Exporting Countries and some of its allies stuck with plans to pause supply increases in the first quarter.

Saudi Arabia cuts flagship oil price to Asia for a third month

The International Energy Agency has forecast a glut of about 3.8 million barrels a day for this year

Brent crude futures settled up US$1.01 or 1.66 per cent, at US$61.76 a barrel.

Oil settles US$1 higher as traders assess Venezuela upheaval

[HOUSTON] Oil prices settled up US$1 a barrel on Monday as traders assessed the possible impact on crude flows from Venezuela, home to the world’s largest oil reserves, following the US capture of Ven...

Brent crude futures rose 17 cents to US$60.92 a barrel by 0024 GMT, paring earlier losses, while US West Texas Intermediate crude was at US$57.43 a barrel, up 11 cents.

Oil prices slip on ample supply despite political turmoil in Venezuela

[SINGAPORE] Oil prices inched up on Monday as investors weighed whether political upheaval in Opec member Venezuela would disrupt shipments after US President Donald Trump seized Venezuelan President ...

Sunday's meeting of eight members of Opec+ comes after oil prices fell more than 18% in 2025 – their steepest yearly drop since 2020.

Opec+ keeps oil output steady despite turmoil among members

[DUBAI/LONDON] Opec+ agreed to maintain steady oil output at its meeting on Sunday (Jan 4), the group said in a statement, despite political tensions between key members Saudi Arabia and United Arab E...

Hong Kong’s Hang Seng Index gained 1.24 per cent on Friday morning.

Stocks make upbeat start to 2026; precious metals extend sparkling rally

[SINGAPORE] Stocks began 2026 on a positive note in holiday-thinned trade as investors braced for a year set to test the AI-led rally, usher in a change of guard at the Federal Reserve and potentially...