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Oil Slips on Recession Fears, Eyes Positive Week as Supply Tightens 0
- Market, Stock Market
- October 21, 2022
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 0
- Market, Stock Market
- October 10, 2022
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 0
- Market, Stock Market
- October 7, 2022
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 0
- Market
- November 17, 2022
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 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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