Oil Prices up on Tighter OPEC Supply, US Jobs Data
TOKYO (Reuters) - Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened, while data showing an unexpected increase in U.S. jobs openings pointed to expanding economic activity and consequent growth in oil demand.
Oil Prices Start the Week at a Three-Month High
Oil prices are surging in early 2025 due to cold weather, hopes of revived Chinese demand, and potential supply disruptions from tighter sanctions on Iran.
Oil Prices Rise on Chinese Demand Optimism
Oil prices were rising as investors start the new year on a positive note. Brent crude and WTI were both up—0.5% at $74.98 a barrel and $72.05 a barrel, respectively. Optimism for oil demand has been boosted by Chinese leader Xi Jinping's annual New Year's address on Tuesday,
Oil prices settle up on possible supply disruption, hopes for China demand
Oil prices settled higher on Tuesday, driven by concerns over limited supply from Russia and Iran because of Western sanctions and expected higher Chinese demand. Brent crude futures settled at $77.05 a barrel,
Oil prices head higher, on track to settle at the highest since October
Oil futures headed higher on Tuesday, shaking off their losses from a day earlier to resume the rally they started the year with, buoyed by expectations for stronger demand.
Crude Oil Prices May Slip on Demand Concerns, Market Surplus
Crude oil was lower in Europe and ICICI Securities said prices are likely to slip further on demand concerns and expectations the market will remain in surplus despite OPEC+ members delaying production increases.
Oil prices dip as demand optimism fades
Oil prices eased on Tuesday, extending losses into a second consecutive session after last week's rally, although concerns about tighter Russian and Iranian supply amid widening Western sanctions checked losses.
Oil extends strong start to 2025 on signs of strong demand for Mideast crude
Oil futures rose Monday, looking to build on recent strength that saw crude end at nearly three-month highs last week, boosted by hopes around further stimulus from China and signs of strong demand for Middle Eastern crude.
ExxonMobil Earnings to Fall on Lower Oil Prices
The change in gas prices, however, may boost earnings by as much as $400 million for the quarter, the company said..
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Oil prices ease as weak economic data offsets higher US winter storm heating demand
Oil prices eased in volatile trade on Monday as some bearish economic news from the United States and Germany offset bullish ...
Oil prices end higher, lifted by a 'bullish outlook' for the year ahead
Oil futures on Tuesday marked their highest settlement since October, posting their sixth gain in seven sessions. A lot of the recent trade activity has been driven by “hedge ...
3 Smart Oil Stocks to Buy in 2025
While oil stocks performed poorly last year, they could bounce back in 2025. Devon Energy ( DVN -0.53%), ConocoPhillips ( COP ...
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Oil Price Volatility: A Major Challenge for National Oil Companies in 2025
There are a number of challenges and opportunities facing national oil companies as they navigate the changing energy landscape.
Oil Averaging $65 in ‘25 to Keep OPEC+ Under Pressure, BofA Says
International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries ...
Oil Prices Are Surging. It Isn’t a Reason to Buy Oil Stocks.
The incoming Trump administration could have a volatile impact on energy markets, but it isn’t a clear buying signal for oil ...