Money Talks

Oil prices drop as OPEC+ ratifies modest oil production increase

Oil is headed for its third weekly drop, its longest losing run this year, on concerns that a recession could cut into energy demand. Oil prices are edging up this morning, after falling 3% on Thursday, as the OPEC+ group of producers, including Russia, agreed to stick to its output strategy. However, the producers' club avoided discussing policy from September onwards. Brent crude is now trading at $109 a barrel, and WTI at $105 a barrel. Crude fell around 8% in June, as investors fretted over a potential global economic slowdown. We spoke to Craig Erlam, who is senior market analyst at OANDA. #OilPrices #Recession #OPEC

OPEC agrees to cut oil supplies | Money Talks

OPEC agrees to cut oil supplies | Money Talks

Oil prices give up gains after OPEC+ extends production cuts | Money Talks

Oil prices give up gains after OPEC+ extends production cuts | Money Talks

Qatar is leaving OPEC

Qatar is leaving OPEC

Qatar to leave OPEC next month | Money Talks

Qatar to leave OPEC next month | Money Talks

Crude oil, natural gas prices slump as investors fear recession

Crude oil, natural gas prices slump as investors fear recession

Market Movers: Sharing economy, e-commerce earnings

Market Movers: Sharing economy, e-commerce earnings

China gives green light to driverless taxis

China gives green light to driverless taxis

Turkish hazelnut pickers celebrate start of fruitful harvest season

Turkish hazelnut pickers celebrate start of fruitful harvest season

India's 5G spectrum auction attracts $19B in bids

India's 5G spectrum auction attracts $19B in bids

OPEC+ hikes output by 100,000 barrels a day, equivalent to 0.1% of global consumption

OPEC+ hikes output by 100,000 barrels a day, equivalent to 0.1% of global consumption

Oil prices extend losses on demand worries

Oil prices extend losses on demand worries

Oil companies' profits have nearly doubled compared to last year

Oil companies' profits have nearly doubled compared to last year

China imposes economic curbs on Taiwan over Pelosi visit

China imposes economic curbs on Taiwan over Pelosi visit

Asian markets fall sharply ahead of Nancy Pelosi's visit to Taiwan

Asian markets fall sharply ahead of Nancy Pelosi's visit to Taiwan

China's manufacturing output growth slower than expected in July

China's manufacturing output growth slower than expected in July

Lufthansa's ground staff on strike, demand pay raise

Lufthansa's ground staff on strike, demand pay raise

Show More