LONDON—Oil prices jumped by more than $3  on supply concerns on Monday. Brent crude futures rebounded $3.37, or 4 percent, to $88.51 a barrel by 1100 GMT. U.S. West Texas Intermediate crude was up 4.1 percent, or $3.29, at $82.78. Oil prices have tumbled for four straight months since June, as COVID-19 lockdowns in top energy…

LONDON—Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, rose by 95 cents, or 1.07 percent, to $89.44 a…

LONDON—Oil prices firmed on Thursday, erasing earlier losses, as oil production was shut down by Hurricane Ian in the Gulf of Mexico, though a stronger dollar and weak economic outlook kept a lid on gains. Brent crude futures rose 52 cents, or 0.6 percent, to $89.84 a barrel by 1027 GMT and U.S. crude futures rose by…

LONDON—Oil prices were broadly stable on Wednesday as pressure from a strengthening dollar and crude storage builds was offset by U.S. production cuts caused by Hurricane Ian. Brent crude futures were up 5 cents, or 0.06 percent, at $86.32 per barrel by 0937 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 9…

LONDON—Oil rose more than 1 percent on Tuesday from a nine-month low a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and a slight softening in the U.S. dollar. Analyst expectations that the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, may take action…

LONDON—Oil prices hit nine-month lows on Monday, driven down by an expected decline in fuel demand as rising interest rates raise the likelihood of global recession, with further price pressure coming from a surging U.S. dollar. Brent crude futures for November settlement slipped by 82 cents, or 1 percent, to $85.33 a barrel at 1110…

LONDON—Oil prices fell on Friday as demand fears were stoked by rising interest rates and a stronger dollar, though losses were capped by Moscow’s mobilization campaign in its war with Ukraine and apparent deadlock in talks on reviving the Iran nuclear deal. Brent crude futures fell $2.81, or 3.11 percent, to $87.65 a barrel by…

LONDON—Oil rose on Thursday as the prospect of heightened geopolitical risks outweighed recession fears after a flurry of central bank interest rate hikes, including from the Bank of England. Brent crude futures were up 70 cents, or 0.78 percent, to $90.53 per barrel by 1054 GMT, while U.S. West Texas Intermediate (WTI) crude was up…