WTI crude futures

Traders in crude oil futures contracts pushed their holdings up to the highest levels in nearly a year despite a distinct lack of movement of higher prices for the past couple of months. Data from Bloomberg shows around 660 million barrels of oil derivatives have been added so far this year,...

Oil traded lower for the second day in a row as concerns over demand overshadowed fears of supply constraints after U.S. government data indicated a sluggish demand during the peak summer season. At the same time, the world’s biggest crude producer Saudi Arabia has revealed its oil output is...