Latest News for OIL

European shares inched higher on Wednesday as lower oil prices supported sentiment, while investors awaited key business activity data due later in the day.

Yields on U.S. Treasurys fell across the curve early Wednesday, as oil prices extended their decline.

Gold and silver remain in tight ranges as oil falls below $100, while Fed rate-hike bets keep their next breakouts in doubt.

A US judge on Tuesday dismissed an antitrust lawsuit in which Michigan accused four major oil companies of colluding to forestall competition in renewable energy, including electric vehicles, a decision in line with prior rulings in similar cases.

South Korea aims to reduce its reliance on crude oil from the Middle East to 50% by 2035, as Asia's fourth-biggest economy seeks to diversify energy supplies following the disruption caused by the Iran war, the Industry Ministry said on Wednesday.
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