Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war 2:45 pm, Mon July 29, 2024 Oil prices fell more than one dollar a barrel today after Israeli officials said they wanted to avoid dragging the Middle East into an all-out war while responding to a deadly rocket strike […]
Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war Read More »
Oil gives up earlier attempts to avoid losses and falls to session’s low. OPEC+ will convene online to decide on production cuts, with most analysts expecting current cuts to extend into 2025. The US Dollar Index trades further below 105.00 to the mid 104.50-levels. Oil prices were trying to claw back though are back to
Oil enters wild ride and falls back in red after PCE numbers Read More »
WTI price extends its losing streak on demand concern following Chinese oil import data. China’s oil imports fell to 10.8 million bpd in the first two months of the year, compared to 11.44 million bpd in December. Crude oil prices could find support from a weakening US Dollar amid growing expectations of a Fed rate
WTI falls to $77.00 on falling Chinese oil imports-led demand concerns Read More »
