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WTI oil futures rose slightly last week, ending a four-week slide, while Brent oil fell again. Weak Chinese economic data and high oil inventories raise concerns about falling demand. Increased oil...
Forget about a recession in the US. Currently, it is China's recession/depression that is weighing on oil prices, global bond yields, and the dollar. Weak Chinese demand for oil caused OPEC today to...
Energy – Saudis cut OSP Despite OPEC+ delaying its supply increase by two months, oil prices still had a weak finish to trading last week. ICE (NYSE:ICE) Brent settled 2.24% lower on Friday,...
Energy – Libyan supply Oil prices sold off heavily yesterday and this pressure has continued in early morning trading today. ICE (NYSE:ICE) Brent settled almost 4.9% lower on the day, leaving it...
Energy – OPEC+ cuts Oil prices came under pressure on Friday. The ICE (NYSE:ICE) Brent Nov-24 contract settled 2.4% lower on the day. The catalyst for the move appears to be reports that OPEC+...
Energy – Oil risk premium rises Oil prices rebounded sharply in the early trading session today with the ICE Brent front-month contract trading above US$80/bbl as tensions in the Middle East...
Energy – China demand worries build The price action in oil yesterday was choppy. US dollar movements, Chinese demand concerns and expectations of a tighter global oil balance through the third...
Oil prices, which rose in early June, are now expected to decline in the month ahead. A confluence of factors could make sure that the bears remain in charge. Below, we will discuss three factors...
Energy – Bullish API report supports oil Oil prices edge higher in early morning trading today after API numbers overnight showed that the US crude oil inventories fell sharply. ICE (NYSE:ICE)...
Brent crude oil prices surged to $86 per barrel on Tuesday, marking the highest level in two months. This rise was driven by escalating geopolitical risks in Eastern Europe and the Middle East,...
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