Oil

Page: 8

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 […]

MV Andromeda Star suffers damage and MQ-9 Reaper drone shot down in latest escalation by the Houthis. Yemen’s Houthis have damaged an oil tanker and downed another MQ-9 Reaper drone of the United States as they promise more attacks in opposition to Israel’s war on Gaza. The Iran-aligned group’s military spokesman, Yahya Saree, said in […]

By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel demand in the U.S., the world’s biggest oil user, contended with widening conflict risks in the key Middle East producing region. Brent crude futures inched up 18 cents, or 0.2%, to $88.20 a […]

By Nicole Jao NEW YORK (Reuters) -Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and business activity in the world’s largest oil consumer slowed, however, a fall in U.S. crude oil inventories put a floor on those losses. Brent crude futures were down 27 cents, or 0.31%, […]

(Bloomberg) — China’s private oil refiners could seek to buy more cargoes whose origin has been obscured as they prepare for fresh US sanctions on Iranian exports, ensuring crude continues to flow to the world’s top importer. Most Read from Bloomberg The US House of Representatives passed tougher measures against Iran over the weekend in […]

Image caption, Iran is the seventh largest oil producer in the world Article information Author, Mariko Oi Role, Business reporter 19 April 2024, 04:41 BST Updated 45 minutes ago Oil and gold prices have jumped after US officials said an Israeli missile had struck Iran. Brent crude, the international benchmark, rose by 1.8% to $88 […]

MIAMI (AP) — The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro’s attempts to consolidate his rule just six months after the U.S. eased restrictions in a bid to support now fading hopes for a democratic opening in the OPEC nation. A senior U.S. official, discussing the decision with […]


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