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Three oil and gas rigs owned by Transocean Ltd sit idle in the Grand Harbor in Valletta, Malta October 22, 2015.

Oil is on track for its worst week since July amid coronavirus fears

The outbreak of coronavirus has disrupted the Lunar New Year, an important holiday where hundreds of millions of people in Asia travel.
FILE PHOTO: The sun sets behind a pump-jack outside Saint-Fiacre

Oil plummets to its lows of the day after President Trump says Iran ‘appears to be standing down’ in the Middle East

The fall erased all earlier gains from a spike in oil prices early Wednesday following an Iranian missile attack on US forces in Iraq.
Kuwait Oil Company workers change pipes on a drilling rig on the northern border between Iraq and Kuwait.

Oil’s wild ride: Here’s why the precious resource is now trading lower after spiking 5% on Iran’s missile attacks

Prices reversed when a US statement said the attack caused no casualties, and President Donald Trump tweeted that "all is well" after the incident.
Three oil and gas rigs owned by Transocean Ltd sit idle in the Grand Harbor in Valletta, Malta October 22, 2015.

Oil spikes above $70, its highest since September, amid mounting Middle East tensions

Since the conflict in the Middle East started, Brent crude has gained $4, Hussein Sayed, chief market strategist at FXTM wrote in a note early Monday.
Photo of the smoking tanker from the News Agency Of The (IRIB) Islamic Republic of Iran Broadcasting (iribnews)

Oil is surging after a suspected torpedo attack on 2 tankers in the Gulf of Oman

Oil prices jumped at least 3% as traders feared Middle-Eastern tensions could reduce crude supplies.

Oil set for strongest quarter in a decade on OPEC-led cuts and trade talk optimism

Bullishness on a trade deal between the US and China, and supply cuts resulting from US sanctions on Iran and Venezuela have sent prices higher.

Venezuela’s falling oil supply is a major ‘challenge’ to global energy markets

A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a "challenge" for global oil markets.
Both Brent crude and WTO are posting big gains.

Oil is set for its longest winning streak in 30 years as traders bask in improved US-China sentiment

Stock market wobbles have grabbed all the attention, but oil has had a stunning rally into the new year, helped by signs the trade war is thawing.
Saudi Arabian Energy Minister Khalid al-Falih talks to the media at the OPEC Ministerial Monitoring Committee in Algiers, Algeria.

Oil surges after OPEC and Russia agree to production cut

OPEC+ has agreed to cut production by 1.2 million barrels a day, reducing tensions around crude oil prices after days of fractious discussion in Vienna.

Oil plunges as OPEC tries to balance supply concerns with Trump’s demands

A geopolitical price war rages in the background of OPEC's summit between moderate cuts to production while appeasing President's Trump and Putin.