Spot premiums for Middle East crude rose to their highest in more than two years as strong demand from top importers China ...

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The U.S. Energy Information Administration revealed its latest Brent spot price forecasts in its January short term energy ...

Likewise, oil refiners might buy futures contracts on oil to lock in the price they pay for oil. The spot price is the foundational price of an asset. It's the value sellers can immediately get ...

Oil prices are expected to face downward pressures over the next 2 years due to global oil production outpacing demand, ...

The survey was conducted Dec. 11-19, during which on-the-spot crude prices averaged $70.66. Prices have risen since then, with prompt-month futures trading above $73 a barrel Thursday for the ...

The price of US oil has turned negative for the first time in history. That means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run ...

in a move that could support prices for high-sulphur oil. The refiners fear continued problems in securing Russian oil in the spot market could continue in coming months as Moscow's own demand is ...