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Oil prices extended losses on Monday with investors weighing higher OPEC+ production from October against a sharp drop in output from Libya amid sluggish demand in China and the U.S., the world’s two biggest oil consumers. Brent crude futures fell 57 cents, or 0.7%, to $76.36 a barrel by 0108 GMT while U.S. West Texas …

Oil Extends Losses on Prospect of Higher OPEC+ Supply Read More »

Summary Oil forecasters anticipate stock draws in H2 2024 – analyst Both contracts rise by $1 a barrel Key US data for interest rate cycle expected on Wednesday LONDON, June 12 (Reuters) – Oil prices ticked higher on Wednesday after three key forecasters predicted that global oil inventories would fall in the second half of …

Oil Perks up on Inventory Drawdown Forecasts for This Year Read More »