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- Oil dropped to the lowest in more than three months as the market flashed signs of weakness, despite expectations for OPEC+ to continue its output cuts. Brent crude dipped below US$81 a barrel, while West Texas Intermediate declined near to $76. Both benchmarks are set for a weekly loss.
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Oil company earnings underwhelm despite crude price flirting with US$85 a barrel. Oil prices rose this week as tightening supply conditions and ongoing tensions in the Middle East contributed to push prices higher.
1 day ago · June 27, 2024 at 5:11 AM PDT. Listen. 2:44. A sudden and surprising upturn in the world’s most important oil price may be set to ease off thanks to an influx of supply from the US. Over the past ...
Apr 4, 2024 · Brent crude climbed above US$90 a barrel for the first time since October as the conflict in the Middle East showed signs of escalating. The global benchmark spiked as much as 2.2 per cent after Israeli Prime Minister Benjamin Netanyahu said at a security cabinet meeting that his country will operate against Iran and its proxies and will hurt ...
Oct 3, 2023 · Markets. Oil Holds Below $90 as Rising Rate Angst Vies With Tight Supply. Federal Reserve speakers signal rates are likely to stay high. US benchmark WTI has fallen 4.5% since Wednesday’s close....
Jun 18, 2023 · Crude trading volumes, especially for WTI, may be lower than usual on Monday as the US marks the Juneteenth holiday. Oil has retreated in the first half of the year as China’s lifting of its ...
Dec 21, 2022 · Oil Falls In Light Trading Despite Tightening Crude Supplies. Traders watching impact of Russian sanctions, US economic data; US benchmark West Texas Intermediate trades near $78 a barrel
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