Scott DiSavino

Oil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+ producers this week that may not lead to a further boost in crude supply amid concerns a possible global recession could limit energy demand.

Oil prices rose about 1%, with global benchmark Brent settling at a two-week high in volatile trade on Tuesday as traders worried about tight supplies and a weaker dollar.

Oil prices were little changed on Monday as markets balanced an expected drop in demand due to mass testing for COVID-19 in China against ongoing concerns over tight supply.

Oil prices slid about 2% to a 12-week low in volatile trade on Wednesday, extending the prior session's heavy losses as investors grew more worried energy demand would take a hit in a potential global recession.

U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season.

Power demand in Texas will likely break records on Friday and Monday as economic growth boosts usage and homes and businesses keep air conditioners cranked up to escape a lingering heatwave, after failing to reach that record high earlier this week.

Power demand in Texas will likely set fresh all-time highs every day from June 10-13 as economic growth boosts usage and homes and businesses keep their air conditioners cranked up to escape a lingering heatwave.

Power demand in Texas broke the June record on Monday and Tuesday and will keep rising this week until it tops the all-time high as economic growth boosts usage and hot weather causes homes and businesses to crank up their air conditioners.

Power demand in Texas broke the June record on Monday and will continue rising until it breaks the all-time high later this week as economic growth boosts overall usage and hot weather causes homes and businesses to crank up their air conditioners.

Oil prices were steady in a seesaw session on Tuesday as worries about economic growth offset supply concerns and the prospect of higher demand as China relaxes lockdowns set to control the coronavirus pandemic.

Power demand in Texas is set to break the all-time record this week, far ahead of the hottest days of summer, testing of the resilience of the state's power grid after issues earlier this year and last year's days-long blackout during a deep freeze.

Power demand in Texas is set to break its all-time record this week, testing the resilience of the grid after generation issues this year and a days-long blackout during a deep freeze in 2021.

The power grid in the Central United States could be forced to impose rotating blackouts on some of the hottest days of the summer due to rising demand and plant retirements, federal energy officials said in an online energy comment on Friday.

Oil prices were little changed after erasing early losses on Thursday after OPEC+ agreed to boost crude output to compensate for a drop in Russian production.

Oil prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand.

Oil prices were little changed on Friday as worries about weaker economic growth offset expectations that crude demand could rebound in China as Shanghai lifts some coronavirus lockdowns.

Oil prices settled slightly higher on Friday as a planned European Union ban on Russian oil and easing of COVID-19 lockdowns in China countered concerns that slowing economic growth will hurt demand.

Oil prices edged up on Friday as a planned European Union ban on Russian oil and easing of COVID-19 lockdowns in China countered concerns that slowing economic growth will hurt demand.

Oil prices rose about 4% on Friday as U.S. gasoline prices jumped to a record high, China looked ready to ease pandemic restrictions and investors worried supplies will tighten if the European Union bans Russian oil.

Oil prices steadied on Thursday, under pressure from a stronger dollar and a drop in global stock markets while supported by supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude.

Oil prices steadied near $110 a barrel on Thursday as a stronger dollar and a drop in global stock markets offset supply concerns after the European Union laid out plans for new sanctions against Russia including an embargo on crude in six months.

Oil prices edged up on Thursday on supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude.

Oil slumped about 4% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S.

Oil slumped over 5% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S.

Oil slumped about 6% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S.

Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on plans to release record volumes of crude and oil products from strategic stocks and on continuing coronavirus lockdowns in China.

Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand in China and as International Energy Agency (IEA) countries plan to release record volumes of oil from strategic stocks.

Oil prices steadied in volatile trade on Tuesday as growing worries about coronavirus demand destruction offset supply concerns after the United States and Europe planned to impose new sanction on Russia for alleged war crimes in Ukraine.

Oil prices eased in volatile trade on Tuesday, pressured by a rising U.S.