China's Unipec boosts Oman crude sales, caps oil prices despite Saudi cuts

China's Unipec boosts Oman crude sales, caps oil prices despite Saudi cuts

Pakistan's Russian crude shipment paid in Chinese currency - minister

Pakistan's Russian crude shipment paid in Chinese currency - minister

Oil edges lower ahead of Fed meeting

Brent crude futures fell 29 cents, or 0.4%, to $74.50 a barrel by 0058 GMT

OPEC+ working against 'uncertainities and sentiment,' Saudi energy minister says

OPEC+ working against 'uncertainities and sentiment,' Saudi energy minister says

First ship of discounted Russian oil docks at Karachi port: PM Shehbaz

Ship carrying 45,142 metric tons oil arrives at Karachi port

Oil posts second weekly decline as demand concerns overshadow Saudi cut

Brent crude futures fell $1.17, or 1.5%, to settle at $74.79 a barrel

Oil market yawned over Saudi cut as economic concerns cap prices - Chevron exec

Benchmark Brent crude prices were just below $76 a barrel on Thursday

Barter trade, other measures to boost Pakistan, Russia ties: ambassador

Putin to attend Shanghai Cooperation Organization summit: Ganich

Oil prices rise as Saudi output cuts outweigh weak demand signals

U.S. crude stocks fell by about 450,000 compared with estimates for a 1M build

Oil extends losses as economic slowdown concerns return

China's official data showed on Wednesday that its exports shrank much faster than expected in May

Russian oil couldn't reach Oman on May 27

Crude oil is expected to reach Omani port on June 11

Saudi output cut unlikely to lift oil prices to high $80s-low $90s, Citi says

Says surprisingly better coordinated action required among OPEC+ producers to tighten markets

Oil rises 1% on Saudi plan to deepen output cuts

Oil rises 1% on Saudi plan to deepen output cuts

Saudi Arabia pledges big oil cuts in July as OPEC+ extends deal into 2024

Energy Minister Prince Abdulaziz says this is a Saudi lollipop; oil prices up 2pc

OPEC+ begins meetings that may agree further output cuts

Saudi minister told short-sellers to 'watch out'

Oil up over 2% after US debt deal and jobs data; focus turns to OPEC+

The focus is now turning to a meeting of OPEC and its allies this weekend

Oil falls after large surprise build in US crude stocks

Brent crude futures for August delivery fell 40 cents

Oil falls as weak China data offsets US debt ceiling progress

Brent crude futures for August delivery fell 28 cents to $73.43 a barrel

Why is OPEC+ cutting oil output?

Any additional cuts from the group could drive tensions with leading consuming nations

Top shipper of Russian oil secures Indian cover as Western certifiers exit

India does not recognise the sanctions and become the biggest buyer of seaborne Russian crude

OPEC will welcome Iran's full return to oil market when sanctions lifted -secretary general

Sec. Gen. said Iran has capacity to bring on significant production volumes within short time period

Oil slips as economic jitters offset US debt deal

Oil slips as economic jitters offset US debt deal

Pakistan's petroleum imports plummet by 24pc

According to a PBS report, 16.06pc decrease in liquefied natural gas was also observed

Oil prices up amid OPEC+ supply cut uncertainty

Oil prices up amid OPEC+ supply cut uncertainty

Brazil inflation hits 2-1/2 year low; cenbank pressured to lower rates

Brazil inflation hits 2-1/2 year low; cenbank pressured to lower rates

Oil prices rise on concerns over tightening supply

Brent crude futures rose 86 cents, or 1.1%, to $77.70 a barrel by 0007 GMT

Oil prices rise on outlook for higher gasoline demand, tighter supply

Brent crude futures rose 20 cents, or 0.3%, to $76.19 a barrel

Oil rises 1% as supplies shrink, demand seen higher

U.S. gasoline gained 2.8% to a one-month high of $2.6489 per gallon

Oil supply won't be affected by stricter price cap enforcement, IEA says

The IEA does not see the enhanced enforcement of the price caps affecting the global oil supply

Oil slips as debt talks pause, Fed warns of high inflation

Brent futures settled 28 cents, or 0.8%, lower at $75.58 a barrel

Oil prices fall on strong dollar, sticky inflation

Brent futures were down 2 cents at $75.84 a barrel

Oil prices ease on caution over US debt ceiling talks

Brent crude futures dipped 20 cents, 0.3pc, to $76.76 a barrel as of 0228 GMT

Oil little changed as demand worries spur caution

Brent crude futures slipped 3 cents to $74.88 a barrel

US to buy 3 mln barrels to refill emergency oil reserve

Biden administration last year conducted the largest ever 180m barrels sale from strategic reserve

Oil falls as economic concerns offset prospect of tighter supplies

The tightening of sanctions will also seek to undermine Russia's future energy production

Business community wants conducive atmosphere for revival of ailing economy

Prevailing political scenario affects foreign and local investments: Businessman

Congo in discussions with Uganda over use of crude pipeline

Congo in discussions with Uganda over use of crude pipeline

Oil plunges on higher US oil stocks, inflation data in focus

Brent crude dropped 52 cents, or 0.7%, to $76.92 a barrel at 0455 GMT

Oil prices dip in cautious trade ahead of US inflation data

Brent crude price was down 31 cents, or 0.4%, at $76.70

Oil climbs almost 3% as recession fears begin to fade

Oil climbs almost 3% as recession fears begin to fade

Oil prices inch up as recession fears begin to fade

Brent crude futures were up 6 cents at $75.36 a barrel at 0022 GMT

Canada opens formal investigation into Imperial's oil sands tailings leak

Canada opens formal investigation into Imperial's oil sands tailings leak

Oil falls 5% to five-week low on US debt ceiling, interest rate hike worries

Oil falls 5% to five-week low on US debt ceiling, interest rate hike worries

Petrol price unchanged, Rs5 per litre cut in diesel

Ogra had proposed reduction in petroleum prices

Italy's Eni sees no major energy price upsets in 2023

Italy's Eni sees no major energy price upsets in 2023

First Russian oil shipment set to arrive on May 24

The commercial deal for purchasing Russian oil is happening through PSO

Oil slides as recession fears offset US inventory draw

Oil slides as recession fears offset US inventory draw

Oil prices slide on uncertainty over global economic outlook, interest rate hikes

Brent crude slipped 48cents while U.S. West Texas Intermediate crude plunge 48cents

Guyana turns down crude oil export discounts to India

Guyana turns down crude oil export discounts to India

Oil falls 2% as dollar gains on potential Fed rate hike

Oil loadings from Russia's western ports in April will rise to the highest since 2019

Oil drops over 1% on higher dollar, interest rate concerns

Oil drops over 1% on higher dollar, interest rate concerns

Oil holds above $80 per barrel on OPEC+ cuts, traders eye China recovery

International Energy Agency forecast record demand in 2023 up to 101.9 million barrels per day

Oil steady after surprise build in U.S. crude stocks

The U.S. government will release its stockpile data at 10:30 a.m. (1430 GMT) on Wednesday

Decline in value of rupee, OGRA ask oil companies to provide details of loses

The move came out after the increase of oil prices in International markets

OPEC+ announces surprise oil output cuts, Brent crude up by more than $6

OPEC+ announces surprise oil output cuts which spurred the prices of Brent crude in intl. market

Oil plunges as dollar firms; market looks at Iraq exports

Brent crude futures dipped 37 cents, or 0.5%, to $77.91 a barrel at 0300 GMT

Oil plunges after Fed comments, US crude stock build

Brent crude futures fell 66 cents, or 0.9%, to $76.03 a barrel

Oil down after weekly US crude stocks exceed expectations

Brent futures were down 37 cents, or 0.5%, at $74.95 a barrel

Oil lower as banking turmoil holds down sentiment

Brent crude futures for May settlement dropped 71 cents, or 1%, trading at $73.08 per barrel

Oil tumbles over $2 on banking concerns, likely Fed rate hike

Brent crude futures for May settlement fell $2.32, or 3.2pc, to $70.65 a barrel at 0710 GMT

Oil rebounds 1pc as investors take stock of banking crisis

Brent crude futures rose by 81 cents to $75.51 a barrel by 0400 GMT

Oil regains some ground as Credit Suisse secures lifeline

Brent crude futures were up 58 cents or 0.8% to $74.27 per barrel

Govt increases petrol price by Rs5 per litre

Increases high speed diesel and kerosene oil prices too

Oil hits lowest in more than a year as banking fears mount

Oil hits lowest in more than a year as banking fears mount

Oil prices tumble $1 as SVB collapse spooks financial markets

Brent crude futures were down 87 cents, or 1.1pc, at $79.90 a barrel at 0345 GMT

Saudi Arabia raises Arab Light crude price to Asia for 2nd month in April

Saudi Arabia raises Arab Light crude price to Asia for 2nd month in April

Oil prices surge as China factory bounce boosts demand outlook

Brent crude futures for May rose 45 cents, 0.5%, to $83.90 a barrel at 0800 GMT

Oil steadies on China growth hopes

Brent crude futures for April , due to expire on Tuesday, gained 14 cents to $82.59 per barrel

Oil lower on firm dollar, market shrugs off Russian supply cuts

Both benchmarks closed more than 90 cents higher on Friday

Oil rises on China optimism, market shrugs off US inventory build

Brent crude futures rose 42 cents, or 0.5%, to $85.80 per barrel by 0352 GMT

Oil prices fall as US inventories jump fuels demand worries

Brent crude futures slid 72 cents, or 0.8%, to $84.86 per barrel by 0442 GMT

Oil prices plummet on US crude reserve release

Brent crude futures fell by 70 cents, or 0.81%, to $85.91 per barrel by 0256 GMT

Oil tumbles on demand concerns as impact of Russian output cut fades

Brent crude futures fell 69 cents to $85.70 a barrel by 0153 GMT after a 2.2% gain on Friday

Oil prices slip, but head for weekly gain despite US downturn fears

Brent crude futures declined 35 cents, or 0.4%, to $84.15 a barrel by 0400 GMT

Oil prices steady amid China demand revival, high US inventories

Brent crude futures gained 1 cent to $85.10 a barrel by 0446 GMT

Oil steady on subdued dollar, traders await more inventory data

Brent crude futures rose by one cent to $83.70 a barrel at 0405 GMT

Oil rises on China outlook, supply worries after Turkey earthquake

Brent crude futures rose 82 cents, or 1.01%, to $81.81 per barrel by 0300 GMT

Oil stable as market awaits signs of China demand recovery

Oil stable as market awaits signs of China demand recovery

Oil up after drone attack in Iran, China's pledge to promote consumption

Oil climbs after drone attack in Iran, China's pledge to promote consumption

Oil prices advance on US growth, Chinese recovery hope

Brent futures gained 30 cents, or 0.34 per cent, to $87.77 a barrel by 0321 GMT

Oil prices steady as market awaits more supply clarity

Brent crude futures dipped 4 cents, or 0.1pc, to $86.08 per barrel by 0400 GMT

Oil rebounds as China demand recovery optimism supports prices

Brent crude futures gained 59 cents, or 0.7%, to $86.72 per barrel by 0214 GMT

Oil mixed as investors weigh China demand and US outlook

Brent crude was down 5 cents to $88.14 per barrel by 0436 GMT

Oil prices drift lower in early trade, but China outlook offers support

Brent crude futures was down by 46 cents, or 0.5 per cent, to $87.17

Stocks and oil prices dip on rekindled recession worries

Wall Street futures were pointing down 0.3pc, while while Benchmark 10-year US Treasury yields

Oil falls $1 on bearish US data, crude stocks build

Oil down $1 on bearish US data, crude stocks build

Oil prices extend gains on optimism over China's recovery

Brent crude futures firmed 63 cents, or 0.73pc, to $86.55 a barrel

Oil prices mixed amid weak China economic data, sustained hopes for 2023

Oil prices mixed amid weak China economic data, sustained hopes for 2023

Oil giant ExxonMobil accurately predicted global warming in 1970s

Climate models are "not competent," said his successor, Rex Tillerson.

Oil prices up on China demand optimism, Russian supply concerns amid sanctions

Brent crude rose 50 cents, or 0.6%, to $83.17 per barrel by 0135 GMT

Oil prices plummet as US stockpiles rise, economic uncertainty renew demand concerns

U.S. West Texas Intermediate (WTI) crude futures decreased by 79 cents, or 1.1pc

Oil slips on concerns higher interest rates to crimp demand

Brent futures for March fell 33 cents to $79.32 a barrel, a 0.4% drop

Oil inches higher after China opens borders, lifts fuel demand outlook

Brent crude futures had risen 53 cents, or 0.7%, to $79.10 a barrel

Oil prices surge $1 on China's reopening optimism

Brent crude futures were 94 cents, or 1.2%, higher at $79.63 a barrel

Global oil prices bounce back after opening the year with steep losses

Brent crude futures gained 59 cents to $78.43 a barrel

Oil tumbles 4pc, trade choppy on worries about China, global economy

Brent futures for March delivery fell $3.81, or 4.4 per cent, to $82.10 a barrel

Oil slides after IMF says slowing global growth engines portend tougher 2023

Brent crude futures dropped 98 cents, or 1.1pc, to $84.93 a barrel

Oil set to close higher in 2022, a turbulent year marked by tight supplies

Oil set to close higher in 2022, a turbulent year marked by tight supplies

Oil prices ease, China Covid spike hurts demand outlook

Brent futures for February delivery fell 42 cents

Oil prices jump amid boost in demand from China

Brent futures for February delivery rose 31 cents to $84.64 a barrel

Oil prices rise on easing China Covid-19 curbs, concerns over US storm impact

Oil prices rise on easing China Covid-19 curbs, concerns over US storm impact

US oil may test resistance at $79.19

US oil may test resistance at $79.19

Oil rallies on tight US stocks as winter blast hits

Oil rallies on tight US stocks as winter blast hits

Oil prices rise as US crude stocks seen plummeting, dollar eases

Oil prices rise as US crude stocks seen plummeting, dollar eases

Oil prices edge up, but China Covid surge limits gains

Brent crude futures were up 24 cents, or 0.3%, at $80.04 a barrel

US set to become global crude oil exporting power in 2023

Sales of US crude to other nations are now a record 3.4 million barrels per day (bpd)

US begins buying back oil for strategic petroleum reserve

US begins buying back oil for strategic petroleum reserve

Oil soars, poised to end week higher despite economy concerns

Both benchmarks are poised to end the week more than 7 per cent higher.

Oil prices largely unchanged amid demand hopes, interest rate hike

Brent crude futures were up 1 cent at $82.71 per barrel.

Global oil prices dip on surprise build in US crude stocks

Brent crude futures dropped 38 cents, or 0.5%, at $80.30 per barrel.

Oil prices surge on US supply concerns, hopes for returning China demand

Brent crude futures rose 64 cents, or 0.8%, to $78.63 per barrel

Prices of essential items rocket at utility stores

A notification has also been issued to increase the prices.

Oil bounces near Dec 2021 lows as Keystone pipeline shuts

Brent crude futures were at $76.74 a barrel, up 59 cents

Oil prices surge following price cap on Russian crude, OPEC+ meeting

Oil prices surge following price cap on Russian crude, OPEC+ meeting

Opec+ likely to maintain oil output levels amid sanctions on Russia

Opec+ likely to maintain oil output levels amid sanctions on Russia

Oil prices inch higher on easing COVID curbs in China, firm dollar limits gains

Oil prices inch higher on easing COVID curbs in China, firm dollar limits gains

Oil slightly surges amid wrangling over Russian oil price cap

Brent crude futures inched up 13 cents, or 0.2%

Oil falls as supply-disruption fears ease amid Russian price cap talks

G7 price cap on Russian oil could be above current trading level.

Crude oil, gas prices decrease in global market

Crude oil, gas prices decrease in global market.

OPEC cuts 2022, 2023 oil demand growth view as economy slows

Still sees demand topping pre-pandemic level in 2023

Oil takes a breather, eases off 5-week highs

Brent crude futures fell 81 cents.

Govt increases petrol price by Rs1.45 per litre

Govt has kept price of High Speed Diesel unchanged but reduced price of light diesel.

Oil falls on renewed demand concerns

Brent crude futures fell $1.12.

Oil extends losing streak on fears Fed hike will dampen fuel demand

Brent crude futures for September settlement fell $1.19

Oil prices fall, taking a breather from massive surge

Brent crude futures for September settlement fell 69 cents to $105.58 a barrel.

Biden fails to secure major security, oil commitments at Arab summit

Saudi crown prince pushes back on human rights issue

Brent oil closes under $100/barrel for first time since April

Brent oil futures closed Tuesday under $100 a barrel for the first time in three months.

Oil slides as renewed China COVID curbs temper fuel demand outlook

Brent crude futures for September fell $1.35, or 1.3%.

Oil slides below $100 as euro sags further

Recession worries pushed the price of Brent oil briefly back under $100 on Wednesday.

Commission to probe PTI govt decisions in petroleum sector: Shahid Khaqan

Commission to probe PTI govt decisions in petroleum sector: Shahid Khaqan

Govt seeks recommendations from refineries over Russian oil import

Refineries asked about technical suitability of the refineries to process Russian crude oil grades

PSX plunges over 1100 points in intraday trade

Stock market saw a negative trend with the Index reaching 42,424, down by more than a 1100 points.

Oil slips more than 1%, dogged by recession fears

Brent crude futures slipped $1.25.

Oil prices slide on China fears; Twitter rises on Musk deal

Oil prices tumbled Monday in Europe and Asia on worries over a worsening Covid-19 outbreak in China.

Oil dips on profit-taking ahead of Fed update

Brent crude futures were down 15 cents, or 0.2%

Climate crisis puts oil in the crosshairs, but dependence persists

The IEA believes that oil demand is still set to rise.

Oil rises after OPEC+ rebuffs US call to boost output

Oil rises after OPEC+ rebuffs US call to boost output

Saudi Arabia may raise light crude prices to Asia in December

Saudi Arabia may raise light crude prices to Asia in December

Oil prices set for first weekly drop since August as supply concerns ease

Oil prices set for first weekly drop since August as supply concerns ease

Oil prices edge lower, still close to highs on short supply

There was no specific reason for the price slide, said Commerzbank analyst Carsten Fritsch.

Oil prices climb to highest in years as COVID recovery, power generators stoke demand

Oil prices climb to highest in years as COVID recovery, power generators stoke demand

US oil rises to highest since 2014 amid global energy crunch

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma

Fuel crisis to be solved by British military

Members of the military look on at Buncefield Oil Depot in Hemel Hempstead, Britain

Financial package with Saudi Arabia finalized: Shaukat Tarin

Saudi Arabia has affirmed financial support worth $3.6 billion to Pakistan, says Minister

Oil surges to 3-year peak

Brent added another 62 cents on Monday to $78.71 a barrel.

Oil sector in balance as Norway votes

More than 1.6 million Norwegians, 42.3% of electorate, had made use of early voting opportunities.

Asian markets fall on virus fears

All three major US indices ended solidly down Thursday, with the Dow shedding 0.8 percent.

Saudi Arabia agrees to restart oil facility for Pakistan: FT

The oil facility would help ease external account position of the country

Crude extends gains as recovery picks up but equities mixed

OPEC+ is confident that demand will increase enough for them to open the taps further

Oil majors vow energy transition - at their own pace

Pil and gas exploration has recently slowed down but this is due to the effects of the coronavirus

OPEC and allies set for another crude output increase

The OPEC+ alliance, consisting of 23 countries, implemented sharp output cuts to support prices

Oil falls amid surging coronavirus infections in India, other countries

Brent crude was down 43 cents, or 0.6%, at $66.34 a barrel by 0139 GMT.

Oil prices rebound on fears Suez Canal blockage may last weeks

Brent crude was higher by 43 cents and WTI crude was up 49 cents.

Oil steadies but Europe pandemic outlook knocks demand hopes

U.S. crude was up 10 cents and Brent crude was up 18 cents.

Brent crude slips, but stays near $70 as demand recovery hopes lend support

Brent crude futures for May slipped 17 cents, or 0.2%, to $69.46 a barrel.

Oil prices surge as OPEC+ extends output cuts into April

Brent crude futures for May rose 60 cents and WTI crude futures were up 56 cents.

Oil slips after U.S. crude stocks rise amid deep freeze hit to refiners

API data showed refinery crude runs fell by 2.2 million bpd.

Markets, oil drop in Asia but bitcoin edges towards $50,000

Oil prices retreated from 13-month highs.

Oil steady as supply cuts offset demand worries on stalled vaccine rollouts

Brent crude futures for March rose 14 cents, or 0.3%, to $55.67 a barrel.

Oil prices rise as producers agree on supply compromise

Brent was up 19 cents, or 0.4%, at $48.89 a barrel.

Oil prices slip 3% as Europe widens lockdowns

All major indexes except New Zealand were up on Monday.

Oil edges up, but set to post second monthly fall on virus spread

Global oil prices edged up on Friday, but are on track for a second monthly fall.

Oil falls as possible OPEC+ supply boost, COVID-19 spike weigh on sentiment

Brent crude futures for December LCOc1 dropped 22 cents, or 0.5%, to $42.94 a barrel.

Oil eases as U.S. production returns after storm

US oil futures CLc1 dropped 6 cents to $40.91 a barrel.

Brent prices rise on U.S. output cuts, China trade deal hopes

Brent crude oil futures LCOc1 added 12 cents.

Oil climbs for third straight week, buoyed by producers holding back output

WTI crude CLc1 futures inched up 8 cents and Brent crude LCOc1 futures rose 16 cents.

Oil slips as rising virus cases, U.S.-China tensions weigh on markets

Oil slips as rising virus cases, U.S.-China tensions weigh on markets

Oil ticks up, but gains capped by demand destruction

U.S. crude and distillate inventories rose unexpectedly.

Petrol cheaper in Pakistan compared to global market: Federal Minsters

Petrol cheaper in Pakistan compared to global market: Federal Minsters

Bilawal rejects hike in petrol prices

Bilawal said that prices of other commodities will rise with the recent hike in petrol prices.

Oil prices rise on faith in supply cuts, demand recovery

WTI crude CLc1 futures climbed 23 cents, or 0.6%, to $39.07 a barrel at 0209 GMT.

Govt forms fact finding committee to investigate petrol crisis

Govt forms fact finding committee to investigate petrol crisis

Shortage of petroleum products signals failure of the Govt: Shehbaz Sharif

Shortage of petroleum products signals failure of the Govt: Shehbaz Sharif

Oil prices edge down as wary traders eye upcoming OPEC+ meeting

Oil prices edge down as wary traders eye upcoming OPEC+ meeting.

Pakistan has cheapest fuel cost in South Asia: PM Imran

PM Imran said government has further reduced petrol, light diesel and kerosene oil prices.

Oil prices fall as U.S. fuel demand remains weak

Oil prices fall as U.S. fuel demand remains weak.

Oil prices jump more than $1 ahead of WTI June contract expiry

Oil prices jump more than $1 ahead of WTI June contract expiry.

Oil set for positive finish to week as lockdowns eased

Oil set for positive finish to week as lockdowns eased.

India hikes excise duty on petrol by record Rs 10, diesel by Rs 13

This is the second time since March that the Indian government raised duty on petrol and diesel.

Oil extends gains as virus-hit economies ease curbs

US benchmark West Texas Intermediate for June delivery was up 7.26 percent at $21.87 a barrel.

OGRA proposes cut in petroleum products up to Rs44.07 per litre

If approved, the new prices will come into effect from May 1.

US oil falls below $11 as fund sells off holdings

US oil falls below $11 as fund sells off holdings.

Oil falls on storage woes in virus-hit market

US benchmark West Texas Intermediate dropped 9.3 percent to $15.36 a barrel in Asian morning trade.

Oil prices gain on US-Iran tensions, mixed day for global stocks

Oil prices jumped again Thursday on rising US-Iran tensions, lending support to equity markets.

Oil extends gains, but still under pressure from virus

Oil extends gains, but still under pressure from virus

Oil plunges again as virus ravages energy markets

Brent dropped 12.31 percent to $16.98 a barrel, extending heavy losses from a day earlier.

US oil bounces after crash but Asia stocks suffer big losses

West Texas Intermediate for May delivery was changing hands at $1.10 a barrel.

US to add 75 mn barrels of oil to strategic reserve: Trump

We are filling up our national petroleum reserves... You know, the strategic reserves: Trump

Oil prices collapse on storage fears, Asia equities mixed

Oil prices collapse on storage fears, Asia equities mixed

US crude falls below $15 a barrel as virus throttles demand

US crude crashed to below $15 a barrel on Monday, its lowest level for over two decades.

Oil climbs as Trump lays out reopening of virus-hit US

Oil markets tracked a rise in Asian stock markets and on Wall Street overnight.

Oil near 18-year lows on demand devastation warning

Oil near 18-year lows on demand devastation warning

Oil rebounds as traders weigh output cut deal

Oil rebounded in Asian trade Wednesday following sharp falls the day before.

Oil prices rise as Trump flags deeper output cuts

US benchmark West Texas Intermediate rose nearly 2 percent to trade at $22.85.

Oil rallies as top producers agree massive output cuts

Top oil producers Sunday agreed to slash output and shore up coronavirus-ravaged energy markets.