crude

Saudi Arabia, Kuwait, UAE not to extend cuts of 1.18 million bpd

Both benchmarks; WTI and Brent, hit highest level since March

Brent has risen 17% since last Friday to three-month high

Market fears meeting of oil producers scheduled on Thursday might not happen

Group considers extending production cuts of 9.7m bpd into July or August

Benchmark index rises 90.74 points to settle at 34,021.97

OPEC, Russia discussing to roll over curbs by one to two months

Fears of second wave of coronavirus, worsening US-China ties weigh on market

Benchmarks extend losses over uncertainty about Russia’s commitment for deeper output cuts

Gloomy forecasts over economic impact of pandemic weighs on crude prices

OPEC+ set to meet in June to discuss maintaining supply cuts to shore up prices

China is set to impose new security legislation on Hong Kong, prompting warning from Trump

Surge comes on back of support from lower US crude inventories, OPEC-led supply cuts and recovering demand

Worries over economic fallout from coronavirus, weak refining margins capped gains

As more countries ease out of curbs imposed to counter coronavirus, economy needs fuel to restart

Positive sentiment prevails as Powell issues optimistic outlook for economic recovery later this year

Signs show demand for crude pick up as China reports increased refinery runs

Brent hovers around $30 per barrel as weak demand picture curbs gains

New outbreaks have been reported in South Korea and China

UAE, Kuwait also announce production cut by a total 180,000 bpd

Concern over persistent glut cancels out support from supply cuts by biggest producers

US Energy Information Administration's weekly report shows 15 weeks of consecutive rises in crude stocks

More countries move ahead with plans to relax economic and social lockdowns

US output cuts, slow return of some activity in Europe lend further support

Brent crude price almost doubles since hitting 21-year low on April 22

Italy, Spain, Nigeria, India open up construction sites, parks and libraries

Glut created over months in oil storage facilities will loom over markets

Brent crude collapses 60% in 2020, hitting 21-year low last month

Chinese firm says its daily sales of refined oil products have climbed

Traders hiring expensive vessels to store gasoline or ship fuel overseas

WTI falls over $3 on concerns Cushing storage can reach full capacity

Brent on course for 27% loss this week, US WTI set for fall of around 14%

Prices have suffered one of their most tumultuous weeks ever

Non-existent demand and high production sent crude markets into freefall

Glut has been building since OPEC+ failed to renew output cuts last month

Brent crude also falls sharply as demand collapses following reduced economic activity

US crude futures contract hits lowest level since 1999

Both oil benchmarks heading for second consecutive week of losses

Both Brent, WTI contracts are poised for weekly losses of around 10%

Slumping demand due to coronavirus-related lockdowns also fuels decline

Predicted plunge in US shale output provides some support

Concerns loom that production cuts may be insufficient to reduce glut

OPEC+ will meet later in the day with expectations growing it will agree to reduce output

Support comes on hopes of output cuts to shore up prices that have collapsed

Main oil producers expected to agree on output cut of 10m bpd on Thursday

OPEC+ is working on a deal to cut production by about 10% of world supply

OPEC, allies working on production cut equivalent to 10% of global supply

Rumours China will speed up its crude purchases lend further support

Slide in demand due to coronavirus outbreak has hammered market

Analysts say it is becoming unprofitable for many oil firms to remain active