Oil rises on stronger US fuel demand, delay to OPEC+ supply hike
Oil prices rose on Thursday as investors priced in stronger U.S. fuel demand and the potential for OPEC+ to delay a planned output increase in December, five days ahead of the U.S. election. Brent futures rose by 54 cents,
Oil prices end higher on surprise fall in U.S. crude supply, rise in gasoline demand
Oil futures finished higher Wednesday, with official U.S. data showing a surprise decline in crude supplies in the latest week and strength in gasoline demand, prompting prices to post their first gain in three sessions.
Oil Rises on Report of Fall in U.S. Crude Inventory
Oil prices were edging higher in early European trade, supported by reports of a surprise U.S. crude stockpiles draw. But a lower geopolitical risk premium and weak fundamentals weigh on sentiment. Brent crude was up 0.
Oil prices rise on US demand
Oil prices maintained their upward trajectory today, Oct 31, after gaining 2% in the previous session, supported by US inventory data that showed the
Oil rises as fuel demand grows and OPEC+ could delay output hike, US election looms
Oil prices ticked up 1% on Thursday as investors considered stronger U.S. fuel demand and reports that producer group OPEC+ could delay a planned output increase, in the few remaining days leading up to the U.
Oil prices find footing on strong U.S. fuel demand
WTI and Brent remained on track for steep weekly losses but were headed for monthly gains after recovering some lost ground Wednesday in the wake of data that showed a rise in weekly demand for U.S. gasoline and across-the-board declines for petroleum inventories.
Oil rises on US stockpiles drawdown, OPEC+ mulls output hike delay
Oil prices held steady near one-month lows on Wednesday, after sliding in the previous two sessions, as markets weighed a ...
Era of cheap oil will test resilience of energy giants as profits drop
Crude oil futures rise for a third straight session Friday, but gave back most of their early gains that had followed ...
Oil Rises Amid Fears Iran Could Strike Israel
Benchmark oil prices were up nearly 3% on Friday after a report said Iran could be about to retaliate against Israel for its missile strikes on October 26. Axios reported that Tehran is planning a ...
Oil glut renders industry’s appeal purely relative
When there’s excess oil, as is the case today, it’s easier to pick a winner. Exxon Mobil’s balance sheet and diversification ...
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Oil Rises Amid Middle East Tensions
0120 GMT — Oil rises in early Asian trade. Prices are significantly affected by recent geopolitical tensions in Israel and Lebanon, says Rania Gule, analyst at XS.com. Israeli Prime Minister ...
European shares gain ahead of pivotal U.S. jobs report, oil prices rise
The pan-European Stoxx 600 (STOXX) rose 0.3% on Friday, after the previous sessions' slump, as investors positioned for the U ...