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Oil Prices Rise Slightly
Oil bounces back on short-covering after OPEC's gloomy demand forecast
Oil rebounded on Wednesday on short-covering after prices fell near a two-week low in the prior session on OPEC's demand forecast cut, while the dollar hit a seven-month high, capping crude's gains. Brent crude futures were up 61 cents,
Oil prices post first gain in 3 sessions, but demand concerns prevail
Oil futures rose Tuesday, bouncing after back-to-back losses that sent the U.S. benchmark back below the $70-a-barrel threshold.
Oil Prices Rise Slightly as Markets Worry About Demand
WTI crude futures recover from a sluggish opening and close higher for the second consecutive day. But gains have been small as prices continue under pressure amid faltering global demand. The recent
1d
Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
Given that oil demand growth next year probably won't be much more than 1 million barrels a day, a full unwinding of OPEC+ ...
Hosted on MSN
20h
Oil prices hold near 2-week low on gloomy demand outlook
(Reuters) -
Oil
prices
held near their lowest in two weeks on Wednesday, a day after
OPEC
downgraded its forecast for ...
1d
Brent Oil Prices Steady Despite OPEC Demand Forecast Cut, Where To Next?
Technical analysis suggests that oil prices are eyeing a bounce but could face resistance around $74.00 and $76.35. Click to ...
1d
OPEC again cuts 2024, 2025 oil demand growth forecasts
OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting ...
2d
Oil Prices Steady Ahead of OPEC Report, China Stimulus Limit Gains
Both contracts had fallen by more than 5% over the previous two trading sessions. China on Friday unveiled a 10 trillion yuan ...
4d
OPEC output cuts extended: oil prices to surge?
OPEC’s recent decision to extend its production cuts till the end of January has added more uncertainty to the oil market as ...
Reuters on MSN
17h
Oil slips towards 2-week low on gloomy demand outlook
OPEC
lower demand forecast, China concerns weigh Iran ready for possible
oil
export curbs after Trump win API weekly US ...
10d
With Oil Prices Weak, OPEC Plus Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday ...
Wall Street Journal
23h
Oil Inches Higher But Demand Outlook Weighs on Sentiment
0116 GMT –
Oil
prices
are mixed in early Asian trade. Market sentiment is likely weighed after
OPEC
cut its demand forecasts, Westpac senior economist Pat Bustamante writes in a note. In its ...
Crude Oil Prices
1d
OPEC Oil Production Jumps by 470,000 Bpd as Libyan Output Returns
OPEC's oil production increased in October due to Libya's return to full capacity, offsetting declines from other members.
2d
Oil Retreats on Weak Outlook for Chinese Demand, Stronger Dollar
Oil extended its biggest drop in almost two weeks as a soft outlook in top importer China continued to plague the market.Most ...
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