Tag Archives: Oil
Oil prices remain weak amid demand concerns and easing supply fears
Oil prices remained steady in early Asian trading on Friday, with Brent crude futures dipping by a cent to $77.21 per barrel and U.S. West Texas Intermediate (WTI) crude futures inching up by 4 cents to $73.05 per barrel.
Oil prices decline with geopolitical risks easing and China demand weakening
Oil prices fall alongside easing Middle East tensions and weaker demand from China. Geopolitical developments and U.S. inventory data remain key drivers.
Oil prices pull back as OPEC cuts 2024 demand forecast
Oil prices retreated and broke a five-day winning streak as the market’s focus shifted back to demand concerns.
Oil prices tick up on sharp fall in US crude oil inventories
Oil prices edged higher after a significant drop in US crude inventories, rebounding from multi-month lows. Learn more about the factors influencing the oil market.
Oil prices dip on China demand concerns and eased Middle East tensions
Oil prices fall as weak Chinese demand and reduced Middle East conflict concerns pressured the price of the black gold. Read more for the market outlook and forecast.
US GDP growth boosts crude oil demand despite Asian challenges
Brent crude futures for September increased by 7 cents, reaching $82.44 per barrel as of 0014 GMT. Similarly, US West Texas Intermediate (WTI) crude for September rose by 4 cents, hitting $78.32 per barrel.
Oil prices finding a balance between slowing demand and tightening supply
Key Points: Oil prices remained steady reflecting a balance between declining demand growth and tightening supply. Global benchmark Brent crude oil (Symbol: UKOUSD) dropped slightly to $83.62 a barrel. Similarly, US West Texas Intermediate (WTI) crude (Symbol: USOUSD) also fell to $80.65 a barrel. Picture: Oil prices steady as market faces conflicting influences, as observedContinue Reading
Yen fluctuates with intervention talks; Asian shares on track for weekly gain
The yen experienced significant swings on Friday, reflecting investor nervousness after Tokyo likely intervened to support the Japanese currency following a cooler-than-expected U.S. inflation report. Learn what to expect for the Yen in coming weeks.
Oil drops as US Gulf supply worries ease and China inflation weakens
Key points: Oil prices dipped on Wednesday as the impact from Hurricane Beryl dissipated and inflation data highlighted persistently weak consumer demand in top crude importer China. Picture: Oil prices decline as seen on the VT Markets app. Brent and WTI crude prices fall as US gulf supply concerns ease As of 0632 GMT, BrentContinue Reading
Canadian dollar rises to one-month peak before domestic jobs report
The loonie strengthened to a one-month high against its U.S. counterpart on Thursday. This rise occurred as the greenback posted broad-based declines ahead of domestic jobs data, which could influence expectations for further interest-rate cuts by the Bank of Canada.
