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Oil Holds Biggest Drop in Two Weeks
Oil prices post first gain in 3 sessions, but demand concerns prevail
Oil futures finished higher on Tuesday, recouping a small portion of back-to-back losses driven by worries about the prospects for demand, which contributed to a retreat in the U.S. benchmark below the $70-a-barrel threshold.
Oil Steady Amid Demand Concerns, Stronger U.S. Dollar
Oil prices were broadly stable despite ongoing investor disappointment over China’s stimulus plans and a stronger dollar, with investors awaiting the monthly OPEC and IEA reports, as any further downgrades to demand-growth estimates could weigh on sentiment.
Oil Holds Biggest Drop in Two Weeks on Demand Concern and Dollar
Oil held the biggest drop in two weeks on a soft demand outlook in China, a stronger US dollar, and concerns the market may flip to oversupply.
1d
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 ...
ig.com
10h
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 ...
7h
on MSN
Biden admin touts job well done replenishing oil reserves despite depleting them by half over last 4 years
The Energy Department announced the end of replenishing the nation's strategic oil reserves, which were depleted by nearly ...
Investopedia on MSN
1d
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 ...
Hosted on MSN
9h
Oil prices hold ground after OPEC lowers demand outlook, China stimulus limit gains
Brent
crude
futures rose 50 cents ... OPEC is not having the desired impact other than maintain Brent
price
floor at $70, ...
21h
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 ...
1d
Oil falls on Chinese stimulus disappointment, supply outlook
Oil prices were little changed on Monday as the threat of supply disruptions from a U.S. storm eased and after China's ...
Crude Oil Prices
10h
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.
The Star
3d
Elevated oil price effect on Budget 2024
The
price
of
crude
oil
has crept up steadily since the turn of the year, with the Brent
crude
oil
contract having appreciated by 16.5% since Jan 3, although on a year-on-year perspective ...
7d
USO: Oil After Today's Election
U.S. election. We look at United States Oil Fund, LP ETF (USO) and how it may react in the current environment.
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