Prices dropped to $61.99 per barrel on Friday — the lowest level since 2021 — pressured by mounting recession concerns and an unexpected move by OPEC+ to speed up the rollback of production cuts.

Investors with weighting in the Canadian oil sector will be watching nervously as OPEC’s latest production increase promise ...

Oil prices plummeted to a four-year low last week as fears of a tariff-induced recession swept ... assets and raising concerns over the crude demand outlook. Meanwhile, OPEC and its allies ...

B of A Securities analyst maintains Buy rating on Chevron Corp. despite mixed Q1 earnings. Reiterates attractive investment ...

West Texas Intermediate sank $5 to $66.95 on Thursday over concerns about the tariffs and ... about the economic outlook short-term and a recession,” Finley said. When one combines those factors ...

Oil prices tumbled to their lowest levels since early 2021 after OPEC+ confirmed plans to raise output again in June, ...

The Organization of Oil Exporting Countries (OPEC) Monday decided to cut their output of crude and put on sale on international markets 100,000 bpds less daily as fears of a recession keep ...

U.S. oil prices have dropped to their lowest level since 2021 this week, sparked in part by concerns that the massive ... raised the chances of a global recession, according to Wall Street economists.

Furthermore, worries about a global recession are also pressuring prices, offsetting recent comments from OPEC and the IEA suggesting ... helping to limit losses are concerns about future supply ...

“Assuming a typical US recession and our OPEC baseline, we estimate that Brent ... Trump's sweeping tariff announcement last week. Concerns about excess supply after the Organization of ...