Oil
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By Robert Harvey and Deep Kaushik Vakil LONDON (Reuters) -Oil prices edged higher on Friday as U.S. inflation data lifted expectations of a September rate cut, with the market focused on Sunday’s OPEC+ meeting that will determine the fate of the producer group’s output cuts. Brent futures for July delivery rose 12 cents, or 0.2%, […]
(Bloomberg) — Oil was steady after falling on Wednesday as traders look to US stockpile data and an OPEC+ meeting on the weekend for more clarity on the supply and demand outlook. Most Read from Bloomberg Global benchmark Brent crude traded near $83 a barrel after falling 0.7% in the previous session, while West Texas […]
By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices eased on Thursday after resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand. Ahead of U.S. crude oil stockpiles data due later in the day, Brent futures dipped 26 cents or 0.3% to $83.34 a barrel as of 0630 […]
By Georgina McCartney and Jeslyn Lerh SINGAPORE (Reuters) – Oil prices were stable on Friday as investors considered the latest comments from the U.S. Federal Reserve on interest rates amid sticky inflation, while signs of firming seasonal U.S. fuel demand lent support. Brent crude futures rose 2 cents at $81.38 a barrel at 0315 GMT, […]
(Reuters) -Oil prices eased for a fourth straight session on Thursday after the minutes of a U.S. Federal Reserve meeting revealed discussions of a further tightening of interest rates if inflation remained sticky, a move that could hurt oil demand. Brent crude futures fell 46 cents, or 0.6%, to $81.44 a barrel at 0424 GMT. […]
(Bloomberg) — Oil extended losses after an industry report pointed to rising US crude inventories, adding to bearish signs for the market. Most Read from Bloomberg Brent fell for a third session toward $82 a barrel and West Texas Intermediate eased near $78. The American Petroleum Institute reported crude stockpiles rose by 2.5 million barrels […]
By Katya Golubkova and Emily Chow (Reuters) -Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S. where data showed slower inflation than markets expected, bolstering the argument for an interest rate cut which could drive even greater consumption. Brent futures rose 35 cents, or 0.4%, to […]
(Bloomberg) — Oil rose for a second day, buoyed by shrinking US stockpiles and a wider risk-on mood triggered by signs of ebbing US inflation. Most Read from Bloomberg Global benchmark Brent topped $83 a barrel after climbing 0.5% on Wednesday, while US benchmark West Texas Intermediate was over $79. US oil inventories fell by […]
(Bloomberg) — Oil advanced for a third day — putting it on course for a weekly gain — as US jobs data supported the case for Federal Reserve rate cuts this year, buoying risk assets. Most Read from Bloomberg Brent rose above $84 a barrel after a two-day climb that added about 1%, holding above […]
By Emily Chow SINGAPORE (Reuters) -Oil prices rose on Thursday as falling U.S. crude inventories amid rising refinery intake and a year-on-year increase in Chinese imports last month supported higher demand expectations for the world’s two largest crude consuming nations. Brent crude futures for July rose 27 cents, or 0.3%, to $83.85 a barrel by […]