US WTI
Oil set to end week lower on demand concerns, easing supply woes
Oil prices remained steady in early Asian trading on Friday but are expected to end the week lower. Revised U.S. employment data and ceasefire talks in Gaza have raised demand and supply concerns. Both Brent and WTI crude futures experienced fluctuations, influenced by the economic outlook and geopolitical developments.
Oil falls 2% to end volatile week, focus on China demand concerns
Oil prices fell nearly 2%, with Brent crude below $80 a barrel, as investors adjusted expectations of demand growth from China. China's economic slowdown and reduced refinery crude processing contributed to lower demand forecasts. Market movements were further influenced by tensions in the Middle East and positive economic data from the U.S., awaiting Federal Reserve's next steps.
Oil prices set for weekly gains on renewed enthusiasm around US economy
Oil prices fell marginally in early Asian trading on Friday but were on track for a second consecutive weekly gain after favorable U.S. economic data allayed recession concerns. Brent and WTI crude futures posted weekly increases. U.S. retail sales and unemployment data boosted confidence, but demand signals from the U.S. and China remained inconsistent.
Oil prices rise on hopes of US rate cuts boosting fuel demand
Oil prices saw a modest rise Thursday on optimism that potential U.S. interest rate cuts could stimulate economic activity and fuel demand. However, gains were limited by concerns over sluggish global demand. The increase followed a decline on Wednesday when U.S. crude inventories unexpectedly rose, and worries about a wider Middle East conflict eased.
Oil set for 3% weekly gain on rising Mideast tensions, better US outlook
GLOBAL-Oil set for 3% weekly gain on rising Mideast tensions, better US outlook
Oil prices tick up on sharp fall in US crude inventories
Oil prices increased for the third day following a significant reduction in U.S. crude inventories. Brent and WTI futures experienced mild gains. The unexpected fall in U.S. crude stockpiles and potential Middle East supply risks contributed to the upward trend. Additionally, Libya announced a production cut due to protests, adding to the market fluctuations.
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Oil edges lower on surprise build in US crude and gasoline stocks
Oil prices decreased in early Asian trading following a short-lived rebound due to unexpected increases in U.S. crude and gasoline inventories. Brent crude futures dropped to $76.27 a barrel, and WTI crude declined to $72.95 a barrel. Tensions in the Middle East and lower production at Libya’s Sharara oilfield have added to global supply concerns.
Oil claws back some losses after Israel retaliates against Hezbollah
On Wednesday, oil futures bounced back from seven-week lows amid heightened geopolitical tensions following Israel's response to a Hezbollah attack. Brent crude and U.S. West Texas Intermediate experienced slight gains. Concerns over China's demand and expectations of OPEC+ adhering to current production cuts continued to affect prices.
Oil extends losses as dollar strengthens following Trump attack
Oil prices decline due to stronger dollar amid U.S. political uncertainty and Gaza ceasefire talks. China's oil imports decrease, reflecting subdued demand. Middle East conflict impacts oil market. U.S. oil rig count drops to lowest level. OPEC+ supply cuts remain in place.
Oil rises on cooling US inflation, strong summer demand
Oil prices rose Friday amid strong summer demand and easing U.S. inflation. Brent futures rose 0.4% to $85.77, and WTI rose 0.6% to $83.12. U.S. gasoline demand hit 9.4 million bpd for the week of July 5. US refiners drew from stocks. Falling consumer prices boosted sentiment; WTI futures tight. ANZ’s Daniel Hynes noted the weaker dollar.
Crude oil prices at two-month highs. What is causing the surge?
Crude oil prices rose 6% in June due to OPEC+ production cuts and US summer fuel demand. WTI, Brent, and MCX futures gained. Geopolitical risks, hurricanes, like Hurricane Beryl, influenced prices. Energy agencies predict slower oil demand growth and surplus amid energy transitions. China's and India's demand are key. Fed rate cut decisions also impact oil markets.
Oil prices on track for fourth straight week of gains
Oil prices stabilized in Asian trade, set for a fourth week of gains amid strong U.S. summer demand and supply concerns. Brent and WTI prices rose. Russia's Rosneft and Lukoil to cut July exports. Saudi Aramco lowered Asian prices. Sentiment boosted by geopolitical tensions, a 12.2 million barrels draw, potential Fed rate cuts, and the Gaza conflict.
Brent crude above $87 at highest levels since April
Brent crude prices reach a 3-month high at $87 due to a significant drop in US inventories. Market sees gains supported by dollar weakness and improved US fuel demand outlook. However, economic worries persist with unexpected German industrial orders decline and rise in US jobless claims.
Brent crude oil holds above $87 a barrel
Brent crude futures fell 29 cents (0.3%) to $87.05 a barrel, and U.S. West Texas Intermediate (WTI) crude futures dropped 40 cents (0.5%) to $83.48 amid thin trading due to the U.S. Independence Day holiday. In the previous session, Brent rose 1.3% to $87.34, its highest close since April 30, while WTI settled at an 11-week high of $83.88.
After a 13% rally so far this year, is upside in MCX crude oil futures capped?
European Union's sanctions and China's economic concerns pose challenges for oil demand. Amidst the ongoing rally, uncertainties like a potential ceasefire in Gaza and China's economic health could influence oil prices. Expert projections hint at sustainability hurdles for the current uptrend in crude oil prices.
Brent rises on Middle East war jitters, while WTI dips ahead of inventories report
Brent crude futures rose as Israeli tanks advanced into Gaza, while U.S. crude dipped on the U.S. federal holiday of Juneteenth.
Oil slips on US growth worries, ample crude supply
Oil prices fell as U.S. Federal Reserve maintained interest rates, impacting market sentiment. Concerns over supply disruptions and ceasefire negotiations in Gaza added volatility to the market.
Oil dips on deflated US interest rate cut expectations, OPEC+ decision
Oil prices fell for a third consecutive week as investors considered OPEC+ reassurances and the latest U.S. jobs data impacting Federal Reserve interest rate decisions.
Oil prices steady ahead of US stocks data, OPEC+ meeting
Both benchmarks are headed for monthly losses, with Brent futures on track for a decline of more than 5% from last month, while WTI was poised for a slide of over 3.5%.
Oil prices steady as investors await inflation data, OPEC+ meeting
Oil prices stable in Asian trading as investors await U.S. inflation data and OPEC+ meeting outcomes on June 2. Brent crude July and August contracts, along with U.S. WTI crude futures, show minor fluctuations.
Oil rises over $1 a barrel ahead of inflation data after downbeat week
As of 12:10 p.m. ET (1610 GMT), the Brent crude July contract increased by 99 cents, reaching $83.11 per barrel. The more actively traded August contract rose by $1.08 to $82.92. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures climbed $1.06, reaching $78.77 per barrel.
Oil prices little changed as markets look to OPEC+ meeting
Oil prices in holding pattern ahead of OPEC+ meeting on June 2 to discuss maintaining output cuts. Brent crude contract inches up to $82.23 a barrel in early Asian trading.
Oil flat as firming US gasoline demand offsets rate jitters
Oil market cautious ahead of OPEC+ meeting on June 1 to discuss extending 2.2M bpd output cuts. U.S. fuel demand and Fed's inflation concerns impact prices.
Oil falls for fourth straight session, US demand in focus
Oil prices fell on Thursday for the fourth session in a row, as the prospect of higher-for-longer U.S. interest rates raised worries around demand growth in the world's biggest oil market.
Oil prices fall on worries of higher US interest rates
Brent crude futures fell 27 cents, or 0.3%, to $81.63 a barrel at 0004 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 35 cents, or 0.5%, at $77.14.
Oil slips for third day on prospect of US rates staying high
Brent crude futures were down 87 cents, or 1.1%, at $82.01 a barrel, while U.S. West Texas Intermediate crude (WTI) was down 81 cents, or 1%, to $77.85 at 1255 GMT. Both benchmarks settled about 1% lower on Tuesday.
Oil prices climb amid uncertainty over Iran president's fate
Brent rose 26 cents, or 0.3% to $84.24 a barrel by 0049 GMT. U.S. West Texas Intermediate crude (WTI) gained 15 cents, or 0.2% to $80.21 a barrel.
Oil set for weekly gain on signs of improving demand
Brent crude oil prices rose 21 cents, or 0.3%, to $83.48 a barrel by 0018 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 18 cents, or 0.2%, to $79.41 a barrel.
Brent futures hover near $90, pressured by rise in US crude inventories
Brent crude futures rose 84 cents, or 0.9%, to $89.76 a barrel by 11:38 a.m. ET (1538 GMT). U.S. West Texas Intermediate futures rose 76 cents, or 0.9%, to $85.91 a barrel. Both contracts were up more than a dollar during the session, before the U.S. Energy Information Administration reported a 3.2 million barrel increase in crude stocks.
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