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  • Oil Surges As Speculation Over OPEC Cut Outweighs China concerns

    Oil Surges As Speculation Over OPEC Cut Outweighs China concerns0

    Oil prices jumped on Tuesday as traders bet that recent weakness in the market will invite more supply cuts by the OPEC, while anti-government protests in China and hawkish signals from the Federal Reserve worsened the outlook for demand. Oil marked a volatile start to the week, initially tumbling as much as 3% as Chinese

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  • Oil Slips on Recession Fears, Eyes Positive Week as Supply Tightens

    Oil Slips on Recession Fears, Eyes Positive Week as Supply Tightens0

    Oil prices fell on Friday after a warning on economic growth from the Federal Reserve, but were still set to end the week higher on positive signals from China and on the prospect of tightening supply in the coming months London-traded Brent Oil Futures, the global benchmark, fell 0.3% to $92.45 a barrel, while West

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  • OIL SLIPS FROM 1-MONTH HIGH AS WEAK CHINESE DATA FUELS DEMAND FEARS

    OIL SLIPS FROM 1-MONTH HIGH AS WEAK CHINESE DATA FUELS DEMAND FEARS0

    Oil fell on Monday as an unexpected contraction in China’s service sector fueled fears of slowing demand, although an OPEC supply cut and the prospect of more disruptions in Russia kept prices pinned near a one-month high London-traded Brent oil futures fell 0.7% to $97.73 a barrel, while U.S. West Texas Intermediate crude futures fell

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  • Oil Slips Before U.S. Payrolls, but set for Best Week in 6 Months

    Oil Slips Before U.S. Payrolls, but set for Best Week in 6 Months0

    Oil Prices Fell On Friday As Markets Awaited More Economic Cues From A Closely-Watched U.S. Payrolls Report, But Were Headed For Strong Weekly Gains After The OPEC+ Announced Its Biggest Supply Cut Since The 2020 COVID Pandemic London-traded Brent oil futures fell 0.4% to $94.43 a barrel, while West Texas Intermediate crude futures were largely

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  • Oil Sinks Further as China COVID Concerns outweigh Tightening Supply

    Oil Sinks Further as China COVID Concerns outweigh Tightening Supply0

    Oil prices fell further on Thursday as increasing COVID-19 cases in China brewed more doubts over slowing crude demand, even as data showed U.S. inventories dropped far more than expected and as supply appeared to be tightening. China reported over 20,000 daily new cases this week, its highest rise in roughly seven months. While the

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  • Oil rises, headed for sixth weekly gain, amid supply concerns

    Oil rises, headed for sixth weekly gain, amid supply concerns0

    Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude futures climbed 49 cents, or 0.6%, to $89.83 a barrel at 0310 GMT, after falling 62 cents during the previous day. However, prices

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