Oil reverses losses, demand concerns remain

China unexpectedly cuts key interest rates as economic data disappoints Iran responds to EU nuclear text and seeks US flexibility Oil production in the Permian Basin will rise to a record high in September -EIA Coming soon: API data on US oil inventories at 4:30 PM ET LONDON (Reuters) – Oil prices rose on Tuesday … Read more

Oil prices hit their lowest levels since the Ukrainian invasion, amid fears of a recession

FILE PHOTO – A PetroChina worker inspects a crane at an oil field in Tacheng, Xinjiang Uyghur Autonomous Region, China, June 27, 2018. REUTERS/Stringer At Register now to get free unlimited access to Reuters.com Register Bank of England raises interest rates, warns of recession risks Saudi Arabia and UAE maintain oil firepower in case of … Read more