Oil prices edge down, forecasts for higher oil output, weak demand growth weigh
Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand growth, while a firmer dollar also kept a lid on prices. Brent crude futures were down 6 cents,
Oil Edges Lower; Eyes on Global Demand Forecast
Oil prices were lower in early Asian trade. Investors were still digesting OPEC’s recent move to cut its forecast for global oil demand, ANZ Research said.
OPEC again reduces 2024, 2025 oil demand growth forecasts, Reuters reports
OPEC lowered its forecast for global oil demand growth for 2024 and 2025 on Tuesday, highlighting weakness in China, India and other regions,
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 bounce after back-to-back declines; OPEC sees lower demand growth
Oil futures rose Tuesday, bouncing after back-to-back losses that sent the U.S. benchmark back below the $70-a-barrel threshold.
OPEC Cuts Global Oil Demand Growth Forecasts For a Fourth Consecutive Month
OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a slowdown in top consumer China.
Devon Energy sees US crude oil at $60-$80 per barrel for foreseeable future
Benchmark U.S. West Texas Intermediate (WTI) crude oil will cost $60-$80 per barrel in the foreseeable future, shale producer ...
Crude oil prices today: WTI is trading at $68.42
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...
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+ ...
Crude Oil Prices6h
Oil Rises On Surprise Crude Draw
On Tuesday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) rose ...
Barchart on MSN1d
Crude Oil Pressured by a Stronger Dollar and Global Energy Demand Concerns
December WTI crude oil (CLZ24) today is down -0.11 (-0.16%), and December RBOB gasoline (RBZ24) is up +0.0023 (+0.12%).
Oil prices touch their lowest level in 2 weeks
U.S. and global crude-oil prices on Wednesday touched their lowest levels in about two weeks, a day after OPEC+ lowered expectations for global demand growth. Trade ...
cnbctv183h
Oil prices edge lower amidst middle east outlook and surging US Dollar
Crude has alternated between weekly gains and losses since mid-October, with traders weighing tensions in the Middle East, OPEC+ supply policy, and risks to demand growth, especially in China.
ig.com1d
Brent crude oil price drops 5%, silver 13% from recent highs while wheat price stabilises
The Brent crude oil front month futures price has fallen by over 5% from last week’s 76.13 high which was made right ...
Barron's7h
Oil Prices Rise Slightly as Markets Worry About Demand
WTI crude futures recover from a sluggish opening and close higher ... The recent price weakness "was actually linked to perceived hit to oil demand in any trade war between the US and China," ...
Over 22% of crude oil production shut in U.S. Gulf of Mexico due to Hurricane Rafael
Over 22% of crude oil production and 9% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane ...
MarketWatch1d
Crude Oil WTI (NYM $/bbl) Front Month
2-Year U.S. Treasury Note Continuous Contract $102.586-0.012-0.01% 5-Year U.S. Treasury Note Continuous Contract $106.477-0.023-0.02% 10-Year U.S. Treasury Note Continuous Contract $109.406-0.016 ...
Investopedia on MSN2d
Understanding the Correlation Between Oil and Currency
She is the CEO of Xaris Financial Enterprises and a course facilitator for Cornell University. There is a hidden string that ...