Oil prices fall as US crude stocks surge, Russia-Ukraine diplomacy eases supply risks - US crude inventories post surprise 2.8 million-barrel build, beating expectations for a sharp draw Oil prices fell on Thursday after an unexpected increase in US crude inventories and signs of progress in Russia»»»

Oil rose for a third session after a government report showed the US shipped a record amount of crude and refined products overseas as energy-starved economies scramble for supplies. West Texas Intermediate edged above $95 a barrel after closing 1.2 per cent higher on Wednesday. The volume of crude»»»

Oil prices have become stable after dropping significantly to six-month low as WTI crude futures were up 40 cents. But Brent crude futures were down to 3 cents a barrel. After weighing restricted supply due to fears of a demand slowdown, oil prices worldwide were considerably steady on Thursday. In»»»

On Monday, the price of a barrel of US crude fell by nearly 20%, its lowest level in nearly two decades, due to the decline in global demand for crude due to the stoppage of business due to the outbreak of the Corona virus. By 08:10 Moscow time, US West Texas Intermediate crude fell more than 18.7%»»»