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- Global benchmark Brent crude futures slipped 3.4 per cent to settle above US$78 a barrel, while West Texas Intermediate fell 3.6 per cent to settle near $74 a barrel. Both benchmarks are at their lowest prices since February.
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Jun 19, 2024 · June 20, 2024 at 12:16 PM PDT. Listen. 1:39. 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 ...
Jun 16, 2024 · Oil Rises Above $80 a Barrel as Equities Climb in Risk-On Rally. WTI advance accelerates after prices top key technical level; China retail data beats estimates, industrial figures miss
Jun 13, 2024 · Updated on. 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...
- Julia Fanzeres
Jun 4, 2024 · Oil Climbs as Traders Eye Price Floor Despite US Stockpile Gain. EIA reports crude inventories increased by 1.2 million barrels; Algorithmic traders have exacerbated recent price declines
3 days ago · Yongchang Chin and Paul Burkhardt, Bloomberg News. Oil nudged higher ahead of U.S. economic data, as the market seeks a catalyst to break out of the tightest trading range in over three years. Brent was close to US$86 a barrel and has swung in a narrow range of $1.76 so far this week, the smallest fluctuation since early 2021.
Jun 9, 2024 · Brent traded below US$80 a barrel after losing 2.5 per cent last week. Algorithmic trading amplified declines following OPEC+’s decision to restore supply from the third quarter. Speculators last week posted the biggest pullback in net-bullish bets for the global benchmark on record.
Jun 2, 2024 · Crude prices are still higher this year as geopolitical tensions from the Middle East to Ukraine raise concerns about supply. Prices: WTI for July delivery fell 3.6 per cent to settle at $74.22 a barrel in New York. Brent for August settlement fell 3.4 per cent to $78.36 a barrel.
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