Crude oil prices surged on geopolitical tensions before retreating as markets digested lower global demand forecasts.

Oil prices eased on Thursday, reversing gains made earlier in the Asian trading session, as market participants assessed a U.S. decision to move personnel from the Middle East ahead of talks with Iran over the latter's nuclear-related activity.

Oil prices rose 4.9% on Wednesday after a government report showed that domestic crude inventories were lower than expected and prospects dimmed for a nuclear deal with Iran that prompted a partial evacuation of the U.

Oil prices fell today after sharp gains in the previous session as market participants assessed a US decision to move personnel from the Middle East ahead of talks with Iran over the latter's nuclear-related activity.

Repsol's natural gas production and the bullish outlook for gas prices support continued resilience and earnings strength. See why REPYF stock is a Hold.

Oil prices are just starting to gush higher. Last trading at $64.85, oil could rally back to $70 with growing optimism over US-China trade talks. In fact, if a deal can be reached, there’s hope it will boost the global economic outlook and fuel demand.

New entrants to the Forbes Global 2000 include Brazil’s biggest independent oil company Prio, chaired by investor Nelson Tanure, which owns stakes in big offshore fields. Also T

Oil prices slipped on Thursday as markets weighed the U.S. decision to relocate personnel from the Middle East ahead of upcoming talks with Iran regarding its nuclear activities, while lingering uncertainty over tariff battles kept investors on the edge.