Brent

Saudi Arabia has restored around 75% of crude output lost in Sept 14 attack

Aramco shipping equipment from US and Europe to rebuild damaged facilities

Attacks on Saudi oil sites knock down more than half of crude output

Market already trading in negative territory after record gains fuelled by attacks on Saudi facilities

Price increase weighs across global stock markets on fears of impact on global growth

Oil holds around $60 as U.S.-China trade hopes support

Prices have risen more than 7% this month, supported by declines in global inventories

Analyst predicts oil will struggle to make headway due to no progress on trade talks

Trump says two sides will still meet for talks this month

Brent and WTI, however, heading for monthly losses of around 8% and 5% respectively

Prices have fallen by about 20% from 2019 highs reached in April

Trump says Beijing contacted US officials saying it wants a return to talks

Signals of monetary easing affect US dollar, support oil prices

Gains capped by lingering worries about possible global recession

Rally in equity markets around the world gave oil prices a floor

Traders look for signs of progress in US-China trade negotiations

Investors concerned world's biggest economy heading for recession

Decline erases strong gains posted in previous session

Brent and WTI crude contracts fell to their lowest since January on Wednesday

Prices have lost more than 20% since hitting 2019 peak in April

Brent prices have lost more than 9% in past week

Fall comes despite a bigger-than-expected decline in US inventories

Investors await widely expected cut in interest rates by Federal Reserve

Brent crude, however, set for monthly fall of more than 3%

US, Chinese negotiators to meet this week, but expectations are low

Tensions remain high around Strait of Hormuz as Iran refuses to release British tanker

US crude stocks fell by nearly 11 million barrels last week: EIA

US crude stocks fell more than expected in week to July 19

Iran's capture of British tanker sparks concern about supply disruptions

Fear of potential supply disruptions in Strait of Hormuz has increased

US says its Navy ship has destroyed Iranian drone in the Strait of Hormuz

Iran says vessel was smuggling fuel and had been carrying 1m litres

Remain weighed down by industry data suggesting US crude inventories fell less than expected

US oil companies begin restoring production in Gulf of Mexico, which was earlier shut because of Hurricane Barry

Positive Chinese data indicates more oil demand in world's second biggest economy

Gains are, however, capped by IEA's forecast for global oil surplus

Prices also supported by fall in dollar and decline in US crude stocks

OPEC+ agreed last week to extend their supply cut deal until March 2020

US-China trade war has dampened prospects for global economic growth and oil demand

Markets remain unmoved by detention of supertanker by British Royal Marines in Gibraltar

OPEC+ decision to extend output cuts is not enough to counter investors' concerns

Iran joins top producers in supporting policy aimed at propping up crude price

US President Donald Trump and Chinese President Xi Jinping to meet on Saturday

A day ago, prices rose more than 2%, hit their highest in about a month

US refinery is expected to shut down permanently due to massive fire

Saudi Aramco says its spare capacity of 12m bpd is sufficient to meet customers' needs

Washington is set to announce new sanctions on Tehran

Prices continue to spike on back of growing tensions in Middle East after Iran shot down US drone

Expectations of Fed slashing interest rates, drop in US crude stocks also lend support

After weeks of swelling, US crude stocks fall by 812,000 barrels last week