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2. 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.

3. oilprice.com › Energy › Energy-GeneralSupply Concerns and Demand Optimism Are Boosting Oil Prices

   oilprice.com › Energy › Energy-General

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   Jun 21, 2024 · Oil prices surged this week as hurricane season began, demand improved, and both U.S. crude and gasoline inventories fell. Rising geopolitical risk around the world only added to bullish...

4. www.theglobeandmail.com › business › industry-newsOil prices rise on fuel demand expectations, easing U.S. dollar

   www.theglobeandmail.com › business › industry-news

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   4 days ago · 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 concerns about...

5. oilprice.com › Energy › Energy-GeneralOil Prices Climb as Sentiment Continues to Improve

   oilprice.com › Energy › Energy-General

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   Jun 18, 2024 · Oil prices have been climbing steadily since the OPEC+ meeting sent them crashing to multi-month lows, and the Fed could send them higher still.

6. www.oilsandsmagazine.com › energy-statistics › realReal-Time Dashboard | Oil Sands Magazine

   www.oilsandsmagazine.com › energy-statistics › real

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   Jun 21, 2024 · Get access to our self-serve database of oil and gas prices, Cdn/US energy statistics and operating metrics for key oil sands facilities.

7. 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...

8. People also ask

   Why did oil prices fall more than $1 a barrel?

   • Oil prices fell more than $1 a barrel 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. Extending losses from a four-month low reached on Monday, Brent crude futures settled down 84 cents, or 1.07 per cent, at $77.52 a barrel.

   Oil prices drop as OPEC+ decision spotlights shaky demand

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-fall-on-concerns-of-supply-rising-later-in-2024/

   See all results for this question

   Why did oil prices rise on Monday?

   • Oil prices firmed slightly on Monday as traders weighed support from expected summer demand and geopolitical tensions against a stronger dollar. Brent crude futures were up 15 cents, or 0.2 per cent, at $85.39 a barrel by 0850 GMT. U.S. West Texas Intermediate crude futures were at $80.86 a barrel, up 13 cents, or 0.2 per cent.

   Oil prices edge higher as demand expectations offset U.S. dollar strength

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-edge-higher-as-demand-expectations-offset-us-dollar/

   See all results for this question

   What if oil prices drop?

   • “If we do see a significant drop in oil prices, then you will have to question the soundness of global economy,” Flynn said. “Then it will look like the Federal Reserve has done too much.” On top of this, supply is rising from non-OPEC producers such as the U.S.

   Oil prices drop as OPEC+ decision spotlights shaky demand

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-fall-on-concerns-of-supply-rising-later-in-2024/

   See all results for this question

   Why did oil prices hover near four-month lows on Wednesday?

   • Oil prices hovered near four-month lows on Wednesday on an expected supply boost later in the year when OPEC+ begins to unwind some output cuts, with markets also digesting U.S. jobs data and higher oil stocks.

   Oil prices near four-month lows on OPEC+ supply outlook, U.S. stocks

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-near-four-month-lows-on-opec-supply-outlook-us-stocks/

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   Will OPEC cut oil in 2025?

   • The Organization of the Petroleum Exporting Countries, or OPEC, its flag seen here, agreed Sunday to extend most of their oil output cuts into 2025 but left room for voluntary cuts from eight members to be unwound gradually. Oil prices have since slid on Monday and Tuesday. (Leonhard Foeger/Reuters)

   Oil prices continue slide as OPEC+ boosts supply despite concerns abou…

   www.cbc.ca/news/canada/calgary/opec-oil-prices-canada-stocks-1.7224580

   See all results for this question

   Why are oil prices so strong?

   • “The chief underlying reason behind the price strength ... is the growing confidence that global oil inventories will inevitably plunge during the summer in the northern hemisphere,” said Tamas Varga of oil broker PVM, referring to seasonal demand for oil products.

   Oil prices edge higher as demand expectations offset U.S. dollar strength

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-edge-higher-as-demand-expectations-offset-us-dollar/

   See all results for this question

9. www.theglobeandmail.com › business › industry-newsOil prices drop as OPEC+ decision spotlights shaky demand

   www.theglobeandmail.com › business › industry-news

   • Cached

   Jun 4, 2024 · Oil prices fell more than $1 a barrel 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.