OPEC+ policy acted as an "accelerant, rather than the sole driver," for oil's losses this year, said Rebecca Babin of CIBC Private Wealth. The world has more oil than it needs, but a drop in crude ...

U.S. oil prices on Tuesday traded near their lowest level since February 2021. Despite what seemed like bottom-scraping price action, Goldman Sachs suggests investors short the commodity. The January ...

The world has more oil than it needs, but a drop in crude prices this week to the lowest level in nearly five years may help slow production and boost demand — potentially eating into a supply surplus ...