As diesel inventories decreased and oil prices reversed previous losses, they gradually increased in Asian trade on Friday. Saudi Arabia and Washington, however, continued to disagree over OPEC+’s intentions to reduce output. By 0242 GMT, Brent crude futures had increased by 29 cents, or 0.3%, to $94.86 per barrel, while U.S. West Texas Intermediate (WTI)…
Oil prices slipped during Asian trade on Monday as the prospect of further interest rate hikes in the United States and Europe to end inflation and the imposition of strict COVID-19 restrictions in China overshadowed the global demand outlook. Brent crude futures dropped 78 cents, or 0.9%, to $86.01 a barrel, after settling 4.1% higher…
India is expected to declare that the country’s economy expanded by double digits in the first quarter of its fiscal year, primarily as a result of the base effect but also because of increased demand and consumer spending. Analysts predict that India’s GDP increased by up to 16% year over year in the April–June quarter…
Oil prices are down in on Thursday morning as concerns about increasing coronavirus cases in China, the world’s largest oil importer, weighed on futures markets and fears of more lockdowns in China drove fuel demand concerns. Brent crude futures down 37 cents, or 0.4%, to $104.95 a barrel. U.S. West Texas Intermediate crude futures down…
