Fiscal stimulus in China, the world’s biggest importer, was heavily focused on as traders processed the effects of the president and oil prices rose in Asian trade on Thursday. 2024 U.S. Following the election victory, which sent the dollar to a four-month high and put pressure on oil markets, In a recent note, the U.S….
Oil prices rose sharply in Asian trade on Thursday, after Israel toughened its rhetoric against Iran, with attention focused on business activity data from several major economies in the coming days. Crude suffered two weeks of heavy losses amid concerns over falling demand. Prices also fell on Wednesday after US inventory data showed a larger-than-expected…
Oil prices rose in Asian trade on Thursday, recovering some ground after several days of bruising losses as industrial data showed that US inventories marked an unexpected balance last week. Brent oil futures for December delivery were up 0.6% at $74.67 a barrel, while West Texas Intermediate crude futures were up 0.6% at $70.27 a…
Oil prices rose slightly in Asian trade on Wednesday, steady after posting bruising losses last week as less severe increases in the Middle East and weaker demand weighed. Oil prices fell more than 4% after Israel said in a statement it would not attack Iran’s oil and nuclear facilities. Brent oil futures for December were…
Oil prices halted their recent surge, resembling a 7% increase in the previous three sessions, due to supply concerns and concerns over a Middle East conflict and Libyan oil field shutdown. Brent crude futures fell 32 cents, or 0.39%, to $81.11 a barrel, while U.S. West Texas Intermediate crude futures fell 36 cents, or 0.46%,…
Media reports indicated no movement toward an Israel-Hamas ceasefire. Due to this, Crude price increased during the Asian trade on Monday. Hopes of lower US interest rates also helped oil markets as the Federal Reserve Chairman confirmed forecasts for a September cut. The Federal Reserve Chairman’s comments on Friday led crude prices to rise again….
The outlook for global oil markets darkened on Thursday after the International Energy Agency (IEA) said that slowing demand for crude in the wake of restrictions imposed to curb the fast-spreading Delta variant is colliding with a recent increase in global crude production. But the news is likely to be welcomed by the White House,…
