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WTI stands tall near multi-month peak, just above $85.00/barrel mark

WTI stands tall near multi-month peak, just above $85.00/barrel mark

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WTI is seen consolidating its recent strong move to over a five-month peak. Worries about supply disruptions and tight global supply lend some support. Signs of improving demand should further contribute to limiting the downside. West Texas Intermediate (WTI) US Crude Oil prices enter a bullish consolidation phase during the Asian session on Thursday and

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Petrol Price Expected to Surge by Rs 9.94 Litre for Next 15 Days

Petrol Price Expected to Surge by Rs 9.94 Litre for Next 15 Days

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The anticipated changes in fuel prices, contingent upon government approval, are poised to impact consumers across Pakistan. According to sources familiar with the matter, adjustments are expected to commence in the first half of April, potentially resulting in significant shifts in petrol, diesel, and kerosene oil prices. Presently, petrol is priced at Rs 272.75 per

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UAE to announce fuel prices for April: Will prices rise for 3rd consecutive month?

UAE to announce fuel prices for April: Will prices rise for 3rd consecutive month?

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Globally, oil prices traded higher in March 2024 as compared to the previous month on a tighter supply outlook and heightened geopolitical risk Published: Sat 30 Mar 2024, 7:35 AM The UAE’s Fuel Price Committee is set to announce petrol and diesel prices for the month of April soon. The prices are revised to align

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Oil looks set to reach $90 despite US production at near full capacity

Oil looks set to reach $90 despite US production at near full capacity

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WTI Oil closed off Thursday at $82.82, close to a fresh five-month high. Oil traders remain bullish despite recent US stockpile build-ups. The US Dollar Index trades in the green,  and could post a fresh monthly high.  Oil prices have been heading higher in recent weeks, with several elements painting a rather sketchy picture of

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WTI advances to near $82.80 on likelihood of OPEC+ maintaining production cuts

WTI advances to near $82.80 on likelihood of OPEC+ maintaining production cuts

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WTI price gained ground as OPEC+ is expected to maintain their production cuts. Ukrainian attacks on Russia’s infrastructure are contributing to the sentiment of tightening global Crude supplies. Fuel suppliers in Baltimore are expected to encounter delays following the collapse of the Francis Scott Key Bridge. West Texas Intermediate (WTI) oil price settled higher at

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The U.S. Breaks Its Self-Imposed Oil Price Ceiling of $79 to Refill the SPR

The U.S. Breaks Its Self-Imposed Oil Price Ceiling of $79 to Refill the SPR

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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 28, 2024, 2:32 AM CDT The latest crude oil purchase that the Department of Energy made as part of refill plans for the strategic petroleum reserve cost

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