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1. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for June 17 ...

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   Jun 16, 2024 · Updated on. June 17, 2024 at 12:31 PM PDT. Listen. 2:31. Oil climbed, building on its biggest weekly advance since early April and extending a short-covering rally, helped by risk-on sentiment in ...

2. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for June 20 ...

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   Jun 19, 2024 · Oil rose as a drawdown in US crude inventories extended a rally that has been supported by a hot streak for equity markets. West Texas Intermediate ’s more-active August contract advanced 0.7% ...

3. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for June 14 ...

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   Jun 13, 2024 · June 14, 2024 at 12:24 PM PDT. Oil posted the largest weekly gain since April after OPEC+ clarified its plan to return some output to the market and fuel markets showed signs of strength. West ...

   • Author: Julia Fanzeres

4. www.bloomberg.com › news › articlesLatest Oil, Prices Market News and Analysis for June 5 ...

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   Jun 4, 2024 · June 5, 2024 at 12:01 PM PDT. Listen. 2:05. Oil advanced from a four-month low as traders tried to establish a price floor after several days of declines. West Texas Intermediate rose to settle ...

5. www.bloomberg.com › news › articlesLatest Oil Market News and Analysis for June 12 - Bloomberg

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   Jun 11, 2024 · West Texas Intermediate advanced 0.8% to close above $78 a barrel after US consumer prices came in cooler than anticipated. Still, a later report showing rising US crude and gasoline inventories ...

6. www.bnnbloomberg.ca › oil-price-news-oil-slumps-asOil price news: Oil slumps as OPEC’s surprise plan to raise ...

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   Jun 2, 2024 · Julia Fanzeres and Jordan Fitzgerald, Bloomberg News. (Bloomberg) -- Oil tumbled after OPEC+ unexpectedly rolled out a plan to restore some production to the market this year, adding to the bearish momentum crude has been experiencing for months. Global benchmark Brent crude futures slipped 3.4 per cent to settle above US$78 a barrel, while ...

7. People also ask

   How did OPEC+ affect oil prices?

   • Oil posted the largest weekly gain since April after OPEC+ clarified its plan to return some output to the market and fuel markets showed signs of strength. West Texas Intermediate settled above $78 a barrel, posting a 3.9% weekly advance.

   Latest Oil Prices, Market News and Analysis for June 14 - Bloomberg

   www.bloomberg.com/news/articles/2024-06-13/latest-oil-market-news-and-analysis-for-june-14

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   Did rising oil prices resume a downward trend?

   • Still, a later report showing rising US crude and gasoline inventories knocked crude off its highs for the day and even briefly sent oil into negative territory. The consumer price data sparked a risk-on mood in broader markets, which took it as a sign of the early stages of inflation resuming a downward trend.

   Latest Oil Market News and Analysis for June 12 - Bloomberg

   www.bloomberg.com/news/articles/2024-06-11/latest-oil-market-news-and-analysis-for-june-12

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   Will crude oil prices come under pressure again after recovery?

   • “This week’s big recovery has weakened the bears’ hold on the market, although more price action is needed to confirm a bottom,” said Fawad Razaqzada, a market analyst at City Index and Forex.com. “But it is possible we could see crude oil prices come under pressure again after the recent recovery.

   Latest Oil Market News and Analysis for June 12 - Bloomberg

   www.bloomberg.com/news/articles/2024-06-11/latest-oil-market-news-and-analysis-for-june-12

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   Why did OPEC+'s oil market enter oversold territory?

   • The market had entered oversold territory as a result of OPEC+’s plan to boost supply in October. Prices edged lower earlier in the session after the US Energy Information Administration reported that US crude stockpiles expanded by 1.23 million barrels.

   Latest Oil, Prices Market News and Analysis for June 5 - Bloomberg

   www.bloomberg.com/news/articles/2024-06-04/latest-oil-market-news-and-analysis-for-june-5

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   Why did oil rise?

   • Oil rose as risk-on sentiment spurred by cooling US inflation overshadowed an unexpected increase in the country’s crude stockpiles. West Texas Intermediate advanced 0.8% to close above $78 a barrel after US consumer prices came in cooler than anticipated.

   Latest Oil Market News and Analysis for June 12 - Bloomberg

   www.bloomberg.com/news/articles/2024-06-11/latest-oil-market-news-and-analysis-for-june-12

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   Will US oil production increase in 2024?

   • The US on Tuesday forecast its production in 2024 will increase more than previously estimated to a fresh record, while the International Energy Agency is warning of a lasting oil surplus for the rest of this decade.

   Latest Oil Market News and Analysis for June 12 - Bloomberg

   www.bloomberg.com/news/articles/2024-06-11/latest-oil-market-news-and-analysis-for-june-12

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8. www.bnnbloomberg.ca › oil-algorithmic-tradersOil Algorithmic Traders Amplify Crude Price ... - BNN Bloomberg

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   Jun 4, 2024 · Devika Krishna Kumar, Bloomberg News. , ICE Futures Exchange. (Bloomberg) -- Oil traders that rely on trend-following algorithms compounded a selloff in crude this week as OPEC+ unexpectedly signaled plans to return some supplies to the market later in the year. Brent crude plunged below $80 a barrel on Monday and pierced through other key ...