Thursday, May 23, 2024
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Oil steadies after plunge to six-month lows

US crude oil output remained near record highs last week, adding to bearishness in the market Oil prices have steadied on Thursday after a solid four-day...

Oil steadies after climb, focus shifts to Fed, OPEC

The alliance is expected to consider additional production cuts Oil prices extended gains at the start of the week to add more than 2% on Monday....

Oil demand muted, market lacks momentum

In part, the bounce in oil prices is due to a weaker dollar that was pressured by a more dovish Fed Oil prices bounced on Thursday...

Oil buoyed by lower stockpiles and Iran

US crude stockpiles fell by 4.5 million barrels last week after a 10.176-million jump in the prior week The oil market has been in recovery mode...

Oil licks wounds after profit-taking

Next, the market focus will shift to OPEC+ that will hold a ministerial panel Oil prices plunged on Monday on the rallying dollar and profit-taking that...

Oil at 10-month highs despite firmer dollar

Traders will soon shift focus to China that will reveal industrial production and retail sales data on Friday Oil prices have been trending north for the...

Oil looks steady due to supply worries

The bullish tone in the market could be capped by China of the upcoming economic figures continue to disappoint Oil prices have been relatively steady these...

Oil at multi-month highs despite bearish news

Traders shrugged off persisting concerns over sluggish Chinese demand Oil prices hit fresh January highs even as equity investors turned cautious ahead of key US inflation...

Oil finishes 2022 just slightly off one-year lows

The technical picture in the oil market has deteriorated substantially during the second half of the year Oil prices briefly peaked above $86 a barrel earlier...

Enel CEO joins call for halt to new fossil fuels

The world must agree to stop extracting new fossil fuels and also aggressively deploy technology to limit the growth of greenhouse gasses, the chief executive of Europe’s biggest utility...