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Supply concerns and technical buying
- Oil prices climbed about 3% to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil.
www.reuters.com/business/energy/oil-prices-steady-rate-hike-fears-offset-signs-tightening-supply-2023-07-07/Oil prices up 3% to 9-week high on supply concerns | Reuters
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Jul 7, 2023 · NEW YORK, July 7 (Reuters) - Oil prices climbed about 3% to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow...
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NEW YORK, Jan 25 (Reuters) - Oil prices gained about 3% on...
- Oil jumps, settles up 3% on strong US economy, Red Sea ...
Jan 25, 2024 · NEW YORK, Jan 25 (Reuters) - Oil prices gained about 3% on Thursday to settle at their highest since December after U.S. economic data showed faster-than-expected growth in the last quarter...
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Apr 9, 2024 · Analysts say the momentum could carry prices higher. The price of a barrel of Brent crude oil, the international benchmark, has risen more than 20 percent since mid-December.
Jun 10, 2024 · NEW YORK (Reuters) -Oil prices climbed about 3% to a one-week high on Monday, buoyed by hopes of rising fuel demand this summer despite a stronger U.S. dollar and expectations the U.S....
Jul 28, 2023 · The price of Brent crude, the global benchmark, ticked down 0.1% to $84 a barrel in Friday, but is still up 3.9% this week.
Mar 25, 2024 · Oil prices rose in early Asian trading on Monday on concern over tighter global supply brought about by escalating conflict in the Middle East and between Russia and Ukraine, while a shrinking...
Apr 2, 2024 · Brent crude oil prices touched a fresh over five-month high on Tuesday morning, at $88.3 per barrel. This was a weekly rise of 3.3% and a monthly gain of 7.7%. Crude oil prices also...
