
Oil Prices Today: Oil edges lower in cautious trade ahead of US inflation data
Live MintOil prices edged lower on May 9, relinquishing some of the strong gains of the previous two sessions amid cautious trading ahead of US inflation data for April, which will be key to the Federal Reserve's next interest rate decision. The oil cartel last cut crude output in April with an aim to provide market stability, as per Saudi Arabia, OPEC's dominant member. While oil markets fell sharply last week with benchmark contracts falling 7 per cent 9 per cent on market selloff, prices rose on Friday and Monday as fears of recession eased in the US- the world's biggest oil consumer. As per the April OPEC+ report, the world oil demand growth estimate for 2022 remains at 2.5 million barrels per day, broadly unchanged from the assessment in March.
History of this topic

Oil prices decline as investors continue to fret over tariff impact
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Top oil executives reckon with downturn even as Trump cheers them on
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Oil Falls to Lowest in Six Months as Trade Wars Cloud Outlook
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Oil prices give up early gains as uncertainty reigns over supply
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Oil to snap three-week losing streak as trade war fears ease
Live MintIEA slightly lifts oil demand outlook, says supply surplus narrowing
Live MintOPEC sticks to oil-demand view, flags US trade policy risks
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Iran calls for OPEC to unite against potential US oil sanctions
Al Jazeera
OPEC+ sticks to output policy, Goldman Sachs eyes limited impact of Trump’s tariffs on crude oil; Brent, WTI gain 3%
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Oil snaps 4-week winning streak after Donald Trump plans to boost US crude output; Brent at $78, WTI sheds 4% in 5 days
Live MintOPEC sticks to oil-demand view
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Oil prices down on US fuel stocks build, dollar strength
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Oil prices drop amid supply concerns and weak economic data
Hindustan Times
Oil prices extend losses, firmer dollar and supply outlook weigh
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Oil rises from two-month highs on optimism ove
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Oil rises as investors return from holidays, eye China recovery
The Hindu
Oil rises as investors return from holidays, eye China recovery
Live MintOil spikes 1% in holiday-thinned session over China stimulus outlook; Brent hits $74 in rangebound trade
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Oil prices up in thin pre-Christmas trade
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Oil prices ease on surplus concerns, dollar strength
Live MintOil sheds 3% in 5 days on US Fed rate cut outlook, weak Chinese demand; Brent slips below $73/bbl
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IEA lifts 2025 oil-demand forecast but expects growth to remain subdued
Live MintOil reports weekly loss on oversupply fears despite OPEC+ output extension; Brent down over 2% in 5 days
Live MintMorgan Stanley, HSBC slash crude oil supply forecast; Brent average pegged near $70 for 2025 after OPEC+ verdict
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Oil Steady After OPEC Once Again Delays Plan to Restore Output
Live MintBrent nears $93, US WTI ticks higher after OPEC+ pushes back output hike, extends cuts through 2026
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OPEC+ oil alliance faces stagnant prices for crude while US drivers enjoy cheaper gasoline
The IndependentKey members of OPEC+ alliance are putting off production increases amid slack crude prices
Associated Press
Oil Holds Drop as OPEC Decision on Supply Takes the Spotlight
Live MintOil ticks higher ahead of OPEC+ verdict; Israel-Lebanon tensions provide support: Brent nears $93/bbl
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Oil Stabilizes Ahead of OPEC Supply Meeting as Volatility Drops
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The Wrong Oil Price Is Truthfully a Problem for OPEC
Live MintBrent shy of $73, US WTI sheds over 4% in 5 days on easing supply risk: Goldman Sachs in favor of OPEC+ cuts
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Asia’s November crude oil imports nudge higher, still heading for annual fall: Russell
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OPEC Has Little Room to Revive Oil Supply, Iran Official Says
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Trump’s pick for fracker-in-chief will have a tough time pumping a lot more oil
CNNOil sheds 5% in five days on subdued China demand, slow pace of US Fed rate cuts; Brent sits 2% lower to $71
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Oil heads for weekly loss as Chinese demand continues to underperform
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China's weak oil demand may lead to global surplus of 1 mn barrels: How would crude prices react?
FirstpostIEA lifts 2024 oil demand forecast but trims 2025 projections
Live Mint
Oil Holds Near November Lows as Traders Brace for Crude Glut
Live MintOil Prices Fall as Reality of Weak Global Demand Takes Center Stage Again
Associated Press
Oil prices fall as reality of weak global demand overtakes risk of wider war in Middle East
The Independent
Oil Prices Rise as Middle East War Rages, but China's Demand Remains a Key Factor
Live Mint
Oil Prices Soar as Middle East Tensions Escalate
The Hindu
Saudi minister warns of $50 oil as OPEC+ members flout production curbs
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Govt may cut petrol and diesel prices if global prices remain low: Petroleum Secretary
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Oil Rebounds After Brutal Week as Traders Take Stock of Outlook
Live MintOil sheds China demand worries, gains 1% on weaker US dollar & drop in stockpiles; Brent nears $85/bbl
Live MintRussian deputy PM says global oil market will be balanced from second half of 2024
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