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(Reuters) – Oil prices settled higher on Friday and gained 4% on the week, with investors taking stock of the ongoing conflict in the Middle East as well as the U.S. election next month. Brent crude futures settled up $1.67, or 2.25%, at $76.05 a barrel. U.S. West Texas Intermediate crude settled up $1.59, or …
Oil Settles Up, Weekly Gain 4% as Investors Weigh Middle East Risk and US Election Read More »
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 »
