Oil prices fell for a fifth week in the United States after concerns that rising production from the US to Libya will offset cuts from the Organization of Petroleum Exporting Countries (OPEC) and its allies.
Oil prices fell Thursday as worries that global supply might surpass demand persisted.
Oil prices dropped Wednesday as U. S. crude production rose last week.
U.S. oil price increased Wednesday although government report showed crude stockpile of the country continued to increase last week.
Oil prices retreated Wednesday as U.S. crude inventories increased to a historic high.
Oil prices rebounded strongly Wednesday despite rising U.S. crude inventories last week as traders bought the dip.
Oil prices plummeted Monday amid growing supplies from the Organization of Petroleum Exporting Countries (OPEC).
Crude prices dropped Monday as the Organization of Petroleum Exporting Countries (OPEC) is likely not to cut the output at a meeting this month.
Crude price gained Wednesday though a government report showed that U.S. crude inventories increased last week.
U.S. energy analysts have drawn a rosy picture for one of the country's largest shale areas, predicting more reserves of crude oil.
South Korea planned to build large- sized oil storage facilities to become an oil hub in the Northeast Asian region amid growing demand for such facilities, the commerce ministry said Wednesday.
Kenya's earnings from horticulture remained flat in the first quarter of 2023 despite an increase in the volume of produce exported as low prices in the global market h
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