Commodities

Crude oil price declined in overnight trading as questions lingered about the historic oil supply cut deal that was reached on Sunday. The deal will see oil producers reduce their daily production by more than 9.7 million. This will translate to more than 10 million barrels considering that many firms will go out of business if oil prices remain at the current levels.

Crude oil price rose as the market continued to digest the deal signed between OPEC and other producing countries during...

WTI crude oil price is trading lower today despite historic production cuts among OPEC and its allies. Why is the news not bullish for the commodity?

WTI crude oil price initially rallied following a deal among oil-producing countries to reduce supply. However, the commodity quickly gave up its gains as market participants quickly realized that production cuts may not be enough to sustain crude oil price. What's next?

Crude oil price on the Brent benchmark has jumped higher on the day as reports from Reuters seem to suggest...