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   Why have oil prices climbed higher over the past month?

   • Oil prices have climbed higher over the past month as markets weigh the supply and demand outlook. Brent crude has surged 8% from its low in early June, trading around $84.51 a barrel on Monday.

   The oil market is at risk of a supply shortage as peak demand is still 10 y…

   www.businessinsider.com/oil-supply-outlook-shortage-crude-demand-production-opec-prices-brent-2024-6

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   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/

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   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/

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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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   Will crude oil futures decline by 3 million barrels?

   • Still, analysts expect them to decline by nearly 3 million barrels in official inventory data due on Wednesday. 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.

   Oil rises on inventory drawdown outlook, Middle East risks

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

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   Will crude oil stocks rise or fall?

   • The American Petroleum Institute (API) on Tuesday reported U.S. crude oil stocks rose by 914,000 barrels, market sources said. Still, analysts expect them to decline by nearly 3 million barrels in official inventory data due on Wednesday.

   Oil rises on inventory drawdown outlook, Middle East risks

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

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2. www.businessinsider.com › oil-supply-outlookOil Outlook: Market Risks Supply Shortage As Peak Demand Is ...

   www.businessinsider.com › oil-supply-outlook

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   4 days ago · Oil prices have climbed higher over the past month as markets weigh the supply and demand outlook. Brent crude has surged 8% from its low in early June, trading around $84.51 a barrel on Monday ...

3. www.reuters.com › markets › commoditiesOil falls after jump in U.S. inventories raises demand ...

   www.reuters.com › markets › commodities

   2 days ago · The U.S. Energy Information Administration (EIA) reported a 3.6 million barrel jump in the country's crude oil stocks in the week ended June 21, surprising analysts were expecting inventories to ...

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

   www.argusmedia.com › en › commodities

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   3 days ago · Access the latest crude oil prices and global market dynamics. In-depth analysis, news, and real-time updates on crude indexes. Your go-to source for oil insights.

6. boereport.comBOE Report - Canada's Source for Oil & Gas News

   boereport.com

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   2 days ago · The latest oil & gas news, commodity prices, drilling activity, property listings, and jobs for the oil and gas industry in Alberta and Canada.

7. 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 ...

8. www.theglobeandmail.com › business › industry-newsOil prices rise on inventory drawdown outlook, Middle East risks

   www.theglobeandmail.com › business › industry-news

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   3 days ago · Brent crude oil futures were up 63 cents, or 0.7 per cent, to $85.64 a barrel by 0938 GMT. U.S. West Texas Intermediate crude futures gained 74 cents, or 0.9 per cent, to $81.57. “The ubiquitous ...

9. 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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   5 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 supply.