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1. • Decline in a key U.S. inflation gauge

     • Oil futures finished higher on Thursday to tally back-to-back session gains as a decline in a key U.S. inflation gauge fueled expectations for interest-rate cuts this year that may lead to a rise consumer energy demand.
     Reference:

     Oil prices end higher as CPI data boost Fed rate-cut ...

2. People also ask

   Why did crude oil prices rise Thursday?

   • U.S. crude oil futures climbed Thursday to end above $80 for the first time since April. The rise extends a five-week-long rally fueled by OPEC supply cuts and strong demand from China that has boosted petroleum prices by nearly 18%.

   U.S. Crude Oil Futures Settle Above $80 - The Wall Street Journal

   www.wsj.com/livecoverage/stock-market-today-dow-jones-07-27-2023/card/u-s-crude-oil-futures-settle-above-80-evFytrwa5Y39J8yjEOB2

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   Why did oil and natural-gas futures settle higher on Thursday?

   • U.S. oil futures settled higher on Thursday after a smaller-than-expected weekly rise in U.S. crude inventories. Natural-gas futures, meanwhile, finished lower after a rally Wednesday that saw prices post their biggest daily percentage rise since July 2022. The smaller-than-expected rise in U.S. crude inventories contributed to the increase in oil futures.

   Oil prices climb after smaller-than-expected weekly rise in U.S. crude

   www.marketwatch.com/story/oil-prices-edge-higher-ahead-of-u-s-inventory-data-daeb074e

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   Why did oil prices fall?

   • The draw was driven by a stark drop in U.S. crude imports as winter weather shut in refineries and kept motorists off the road. U.S. crude output fell from a record-tying 13.3 million barrels per day (bpd) two weeks ago to a five-month low of 12.3 bpd last week after oil wells froze.

   Oil rises $1 on US crude stock draw, China stimulus hopes

   ca.finance.yahoo.com/news/oil-prices-rise-big-draw-015302536.html

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   Why did oil prices get a boost?

   • Oil prices got a boost after the U.S. Energy Information Administration’s weekly report, released Wednesday, unveiled a notable draw in U.S. crude-oil inventories, according to Joseph Dahrieh, managing principal at brokerage Tickmill.

   Oil prices post back-to-back gains, but lackluster gasoline demand

   www.marketwatch.com/story/oil-futures-extend-rise-seen-after-drop-in-u-s-crude-inventories-0d95caaa

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3. www.marketwatch.com › story › oil-prices-extend-riseOil prices end higher as CPI data boost Fed rate-cut ...

   www.marketwatch.com › story › oil-prices-extend-rise

   Jul 11, 2024 · Oil futures finished higher on Thursday to tally back-to-back session gains as a decline in a key U.S. inflation gauge fueled expectations for interest-rate cuts this year that may lead to a...

   • Oil prices post back-to-back gains, but lackluster gasoline ...

     Oil futures finished higher on Thursday, building on the...

   • Oil prices climb after smaller-than-expected weekly rise in U ...

     U.S. oil futures settled higher on Thursday, after official...

4. finance.yahoo.com › news › oil-rises-u-crude-storageOil edges up to one-week high on rising demand hopes after ...

   finance.yahoo.com › news › oil-rises-u-crude-storage

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   May 9, 2024 · NEW YORK (Reuters) -Oil prices edged up to a one-week high on Thursday on data from China and the U.S. signaling demand in the world's two biggest crude-consuming nations could climb. Brent...

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6. www.marketwatch.com › story › oil-futures-extendOil prices post back-to-back gains, but lackluster gasoline ...

   www.marketwatch.com › story › oil-futures-extend

   May 9, 2024 · Oil futures finished higher on Thursday, building on the gain seen in the previous session after U.S. data showed an unexpected drop in last week’s crude supplies — though weakness in...

7. www.wsj.com › livecoverage › stock-market-today-dowU.S. Crude Oil Futures Settle Above $80 - The Wall Street Journal

   www.wsj.com › livecoverage › stock-market-today-dow

   • Cached

   Jul 27, 2023 · U.S. crude oil futures climbed Thursday to end above $80 for the first time since April. The rise extends a five-week-long rally fueled by OPEC supply cuts and strong demand from China that...

8. www.marketwatch.com › story › oil-prices-edge-higherOil prices climb after smaller-than-expected weekly rise in U ...

   www.marketwatch.com › story › oil-prices-edge-higher

   Feb 22, 2024 · U.S. oil futures settled higher on Thursday, after official data revealed a fourth straight weekly climb in U.S. crude inventories that was also smaller than most market expectations....

9. ca.finance.yahoo.com › news › oil-prices-rise-bigOil jumps, settles up 3% on strong US economy, Red Sea tensions

   ca.finance.yahoo.com › news › oil-prices-rise-big

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   Jan 25, 2024 · 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 and as tensions in the Red Sea...

10. www.reuters.com › markets › commoditiesOil rises to highest in 2023 on tight supply expectations

    www.reuters.com › markets › commodities

    Sep 14, 2023 · Oil prices climbed on Thursday to their highest this year, as expectations of tighter supply outweighed worries about weaker economic growth and rising U.S. crude inventories.