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1. www.reuters.com › markets › commoditiesOil prices dip as investors fret over demand outlook | Reuters

   www.reuters.com › markets › commodities

   3 days ago · Crude oil prices fell 1% on Tuesday as weak U.S. consumer confidence data fed worries about the economic outlook and fuel demand after a slow start to the U.S. summer driving season.

2. www.usatoday.com › investing › oil-prices-06/27/2024Crude oil prices today: WTI prices are up 11.57% this year

   www.usatoday.com › investing › oil-prices-06/27/2024

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   1 day ago · WTI futures traded at $81.94 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 11.57%. Brent futures traded around $85.12/bbl, an increase of 0.72% in the last 24 hours. Year to date ...

3. www.argusmedia.com › en › commoditiesLatest crude oil prices, news, and market insights | Argus Media

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   3 days ago · Argus Americas Crude. Monthly price forecasts for key crude grades, regional benchmarks and refined oil products up to 24 months out. Data, insight and unique tools to manage freight risks in crude oil, refined products and biofuels. Vital intelligence on oil market fundamentals and global trading.

4. finance.yahoo.com › news › oil-edges-lower-industryOil settles slightly up as global supply risks offset US ...

   finance.yahoo.com › news › oil-edges-lower-industry

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   3 days ago · Advertisement. NEW YORK (Reuters) -Oil prices settled slightly higher on Wednesday despite a surprise jump in U.S. gasoline supplies, as investors worried that a potential expansion of the Gaza ...

5. www.cbc.ca › news › canadaOil prices continue slide as OPEC+ boosts supply despite ...

   www.cbc.ca › news › canada

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   Jun 4, 2024 · Oil prices continued their slide on Tuesday on skepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.

6. www.theglobeandmail.com › business › industry-newsOil rises 1% as Fed rate cut optimism offsets demand fears

   www.theglobeandmail.com › business › industry-news

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   Jun 5, 2024 · Oil prices climbed 1% on Wednesday, rebounding from four-month lows, as hopes of an interest rate cut by the U.S. Federal Reserve in September outweighed demand concern after data showed builds...

7. People also ask

   Why did crude oil prices fall 1% on Tuesday?

   • HOUSTON, June 25 (Reuters) - Crude oil prices fell 1% on Tuesday as weak U.S. consumer confidence data fed worries about the economic outlook and fuel demand after a slow start to the U.S. summer driving season. Brent futures for August settled down $1, or 1.2%, at $85.01 a barrel. U.S. crude futures settled at $80.83, down 80 cents or 1%.

   Oil prices dip as investors fret over demand outlook

   www.reuters.com/markets/commodities/oil-prices-steady-markets-weigh-supply-tensions-china-economic-recovery-2024-06-25/

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   Why did crude prices rise 3% last week?

   • However, both benchmark crude contracts gained about 3% last week on signs of stronger oil products demand in the U.S., world's largest consumer, and as OPEC+ cuts kept supply in check.

   Oil eases as strong dollar weighs on commodities markets

   finance.yahoo.com/news/oil-extends-losses-strong-dollar-005306718.html

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   How do investors speculate on crude oil prices?

   • One of the most popular ways investors speculate on crude oil and other commodity prices is by trading futures contracts. Futures contracts are agreements to buy or sell a standardized amount of an asset at a specific price on a particular future date. The most popular WTI crude oil futures contracts are traded on the NYMEX.

   Crude oil prices today: WTI prices are up 11.57% this year

   www.usatoday.com/money/blueprint/investing/oil-prices-06-27-2024/

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   What factors affect crude oil prices?

   • Nearly all the crude oil imported or produced in the U.S. is refined into petroleum products, including gasoline, diesel fuel and heating oil. The prices of U.S. WTI crude oil and international Brent crude oil are influenced by several factors that can change the market’s supply and demand balance.

   Crude oil prices today: WTI prices are up 11.57% this year

   www.usatoday.com/money/blueprint/investing/oil-prices-06-27-2024/

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   Will crude oil demand increase during the summer?

   • Brent crude oil futures were up 63 cents, or 0.7%, to $85.64 a barrel by 0938 GMT. U.S. West Texas Intermediate crude futures gained 74 cents, or 0.9%, to $81.57. "The ubiquitous view is that demand will increase during the summer," said Tamas Varga of oil broker PVM. "Geopolitics is still seen as a supportive element of the equation."

   Oil rises on inventory drawdown outlook, Middle East risks

   finance.yahoo.com/news/oil-edges-lower-industry-group-010006685.html

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   Why are oil traders worried about summer demand?

   • High inventory levels have made oil traders nervous about summer driving demand. U.S. crude stocks were up by 914,000 barrels in the week ended June 21, according to market sources citing American Petroleum Institute figures that also showed gasoline inventories rose by 3.843 million barrels and distillates fell by 1.178 million barrels.

   Oil prices dip as investors fret over demand outlook

   www.reuters.com/markets/commodities/oil-prices-steady-markets-weigh-supply-tensions-china-economic-recovery-2024-06-25/

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8. finance.yahoo.com › news › oil-extends-losses-strongOil prices rise on fuel demand expectations, easing US dollar

   finance.yahoo.com › news › oil-extends-losses-strong

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   5 days ago · NEW YORK (Reuters) -Oil prices rose about 1% on Monday, spurred by the prospect of strong summer driving demand and as tensions in the Middle East and drone attacks on Russian refineries led to...