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Oil rises, headed for sixth weekly gain, amid supply concerns 0
- Market
- January 28, 2022
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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Oil Rises on Saudi Supply Signals, But Demand Fears Cap Gains 0
- Market
- November 22, 2022
Oil prices rose on Tuesday following commitments to tightening supply from Saudi Arabia and the Organization of Petroleum Exporting Countries (OPEC), although concerns over slowing demand in China and a potential U.S. recession kept gains muted. Crude markets reversed sharp losses in a volatile session on Monday after Saudi Arabia, the leader of the OPEC
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Oil Rises After Steep Losses, But Recession Fears Limit Gains 0
- Economy
- January 25, 2023
Oil prices rose on Wednesday, recovering a measure of sharp losses from the prior session, although fears of a global recession and signs of another major build in U.S. inventories kept gains limited. Crude prices have fallen into a holding pattern over the past month, with markets constantly weighing the prospect of slowing global economic
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Oil rally Stalls on Weak Chinese Data, Uncertainty Over OPEC Cut 0
- Market
- December 1, 2022
Oil prices were muted on Thursday, cutting short a three-day rally after data highlighted growing economic cracks in major crude importer China, while markets also speculated over whether the OPEC’s last meeting for the year will result in a supply cut. Chinese manufacturing activity- a bellwether for the economy- weakened substantially in November, official and
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Oil Prices Tread Water Between Tightening Supply, Recession Fears 0
- Market, Stock Market
- October 18, 2022
Oil prices were muted on Tuesday as markets weighed signs of tightening crude supply against increasing fears that a global economic slowdown will erode crude demand this year Crude markets marked a slow start to the week, retaining most of last week’s losses amid growing signs that the United States will enter a recession within
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Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution 0
- Market
- January 31, 2023
Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over an upcoming Federal Reserve meeting and an OPEC decision on production. Chinese business activity grew more than expected in January, government data showed, indicating that the country’s economy was clearly on a path
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