Oil prices stabilise amid US inventory drop
Oil prices stabilised on Thursday after a drop in U.S. fuel inventories provided some support, following four consecutive days of decline driven by investor concerns over global demand. By 1330
Oil prices stabilised on Thursday after a drop in U.S. fuel inventories provided some support, following four consecutive days of decline driven by investor concerns over global demand. By 1330
Oil prices continued their upward momentum for the fifth consecutive session on Monday, building on the previous week’s gains of over 3%, as concerns about a US recession subsided and
Oil prices saw mixed movements on Tuesday as heightened concerns over the Middle East conflict and reduced output at Libya’s largest Sharara oilfield raised fears of supply constraints. The potential
Oil prices rose on Monday, recovering some of last week’s losses, due to fears of escalating conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights.
Crude oil prices have started the week with gains, buoyed by hopes of a rate cut and recovering from a second consecutive weekly loss posted last Friday. The significant news
Oil prices surged about 2% on Wednesday, driven by a larger-than-anticipated decline in U.S. crude stockpiles and a weaker U.S. dollar, which outweighed concerns about slower economic growth in China.
Oil prices remained stable on Monday, influenced by political uncertainties in the US and the Middle East, which supported prices despite the downward pressure from a stronger dollar and weak
Oil prices saw an increase on Wednesday following a significant jump in U.S. refining activity last week. This activity led to a larger-than-expected decline in gasoline and crude inventories. However,
Oil prices rose on Monday, driven by forecasts of a supply deficit from peak summer fuel consumption and OPEC+ cuts, despite global economic challenges and increased non-OPEC+ output. Brent crude
Oil prices experienced a rise during Asian trade on Friday, positioning themselves for a third consecutive weekly increase. This uptrend is supported by growing expectations that the U.S. central bank