Brent crude futures LCOc1 climbed 24 cents, or 0.40%, to $60.20 a barrel by 0343 GMT, while U.S. West Texas Intermediate crude CLc1 was at $56.21 a barrel, up 22 cents, or 0.39%
Oil price
Latest in Oil price
crude oil
Oil slips after Trump says Venezuela will send up to 50 million barrels to the US
This comes after American Petroleum Institute figures showed a decline of 2.77 million barrel in US crude oil inventories last week
GCC economic outlook
Gulf economies move from rapid expansion to ‘resilience mode’ as oil prices soften, geopolitics bite – report
Lower oil prices and a more uncertain global backdrop are prompting Gulf governments to tighten spending, pursue privatisations and strengthen non-oil revenues in 2026, PwC says
commodity prices
Global commodity prices to hit 6-year low as oil glut grows – World Bank
The drop is expected to bring some relief to consumers through cheaper fuel and food
Aramco
Saudi Aramco weighs asset sales to boost liquidity, say sources
Saudi oil giant Aramco has asked investment bankers to pitch ideas for how to raise funds from its assets
crude oil price
Oil prices climb as US-China trade progress eases demand concerns
Oil prices rose Monday after positive US-China trade talks boosted market sentiment
Oil price
Oil prices plunge over $2 as OPEC+ accelerates output hikes
Brent crude futures dropped 3.61 per cent, to $59.08 a barrel, while US West Texas Intermediate crude was at $56.00 a barrel, down by 3.93 per cent
