Oil drilling rigs Oil prices saw a slight decline on Friday, but they are still up by about 4% for the week, supported by the first decrease in US inventories since January and geopolitical tensions. Brent crude futures for May delivery traded 0.12% lower, after rising by about 4.3% over the past two sessions, at […]
Oil marginally lower on Friday, bound for weekly gains Read More »
Author of the article: The Associated Press Elaine Kurtenbach And Matt Ott Published Mar 15, 2024 • Last updated 28 minutes ago • 2 minute read BEIJING — Wall Street posted small gains in early trading Friday as markets try to close out another up-and-down week on the positive side. Futures for the S&P 500 and
Oil prices were little changed on Tuesday as OPEC stuck by its forecast for demand growth this year and next, amid persistent tensions in the Middle East and beyond. Brent futures for May delivery were up 24 cents at $82.45 a barrel by 1420 GMT. The April U.S. West Texas Intermediate (WTI) crude contract rose
Oil prices steady as OPEC retains demand forecasts Read More »
WTI price remains silent ahead of monthly market reports from OPEC, IEA, and EIA. CME FedWatch Tool suggests a 68.9% probability of a rate cut in June. EIA released that US Crude oil production reached a record-breaking average production of 12.9M bpd. West Texas Intermediate (WTI) oil price hovers around $77.80 per barrel during the
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Oil Futures Edge Higher Ahead of Key Data Read More »
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After a lacklustre start to the year, Oil prices are starting to come to life. Economists at MUFG Bank analyze Brent’s outlook. Oil bulls are quietly winning the narrative Oil bulls are quietly winning the narrative as prices are working their way higher, with a breakout of the $10 range that Brent crude has been
Brent Oil to hover within a $80.00 to $90.00 range this year– MUFG Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Mar 08, 2024, 2:34 AM CST Crude oil prices have been stuck between bearish and bullish news this week, booking a modest decline over the four days to
Oil Prices May Yet End the Week on a High Note Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Mar 06, 2024, 5:00 PM CST OPEC+ decided to extend their combined production cut agreement until the end of the first quarter. Not everyone within the
The Big Question in OPEC’s Production Cut Strategy Read More »
Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Oil prices edged higher Monday after oil cartel OPEC+ agreed to extend voluntary output reductions until the second quarter, in an effort to support the short-term stability of crude markets. Global benchmark Brent gained 0.38% to $83.87 a barrel Monday, while U.S. West Texas Intermediate futures added
Oil prices edge higher after OPEC+ extends voluntary oil output cuts until mid-year Read More »
