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Oil prices saw further gains this week as tensions in the Middle East escalated, propelling WTI crude to around US$87 a barrel, while the global benchmark, Brent, approached US$91, nearing its highest level since October.
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Aug 31, 2023 · WTI is up 7.2% this week for biggest gain since March. Oil prices surged above $85 as a monthslong effort by OPEC+ to reduce supplies gripped the physical market and China showed a new resolve to...
Nov 14, 2023 · While oil demand is healthy, according to the International Energy Agency, the market will not be as tight as expected this quarter. Increased crude output from the US and Brazil are offsetting...
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Sep 26, 2022 · Oil Halts Two-Day Slide on Report of Russia Pushing for Oil Cuts. Dollar’s rising strength pared some of crude’s gains; Russia’s push to cut OPEC output comes as trading bans loom
Apr 4, 2024 · Brent crude climbed above US$90 a barrel for the first time since October as the conflict in the Middle East showed signs of escalating. The global benchmark spiked as much as 2.2 per cent after Israeli Prime Minister Benjamin Netanyahu said at a security cabinet meeting that his country will operate against Iran and its proxies and will hurt ...
