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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 falling?

   • An expected decline in oil and fuel stockpiles and stronger gasoline demand as the United States, the world's biggest oil consumer, enters its peak summer consumption period kept a lid on price losses. U.S. crude oil stockpiles are expected to have fallen by 3 million barrels in the week to June 21, a preliminary Reuters poll showed on Monday.

   Oil prices ease on stronger dollar while US inflation data looms large

   finance.yahoo.com/news/oil-prices-steady-markets-weigh-004339632.html

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   Why are crude oil prices rising?

   • An increase in crude oil in floating storage is bearish for prices. Monday's weekly data from Vortexa showed that the amount of crude oil held worldwide on tankers that have been stationary for at least a week rose +12% w/w to 92.90 million bbl as of June 21. Crude oil prices have underlying support from concern about the Hamas-Israel conflict.

   Crude Prices Finish Higher on the Outlook for Global Oil Supplies to Re…

   www.theglobeandmail.com/investing/markets/commodities/CLU22/pressreleases/27085813/crude-prices-finish-higher-on-the-outlook-for-global-oil-supplies-to-remain-tight/

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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/

   See all results for this question

   Why did oil prices drop in 2023?

   • "While peak oil demand is still a decade away, capital is slowing for the production of crude oil and oil products, contributing to constrained supply in the medium term," they later added. Oil prices slumped at the end of 2023, in part due to booming crude production in the US and other countries.

   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

   See all results for this question

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

   www.argusmedia.com › en › commodities

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   2 days ago · Argus Crude. Your must-have source of daily prices, news and analysis for more than 100 internationally-traded crude streams.

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

   boereport.com

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

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6. ca.finance.yahoo.com › news › oil-prices-steadyOil prices steady as inflation worries limit summer demand ...

   ca.finance.yahoo.com › news › oil-prices-steady

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   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. 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%.

7. 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...

8. www.exchangerates.org.uk › commodities › live-oilLive Crude Oil Price in Canadian Dollars | OIL CAD | Live ...

   www.exchangerates.org.uk › commodities › live-oil

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   4 days ago · Welcome to the Live Crude Oil Price in Canadian Dollars (OIL CAD) page within our Live Crude Oil Prices and Live Commodities section - Read More

9. www.theglobeandmail.com › investing › marketsCrude Prices Finish Higher on the Outlook for Global Oil ...

   www.theglobeandmail.com › investing › markets

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   1 day ago · Baker Hughes reported last Friday that active US oil rigs in the week ending June 21 fell -3 rigs to a 2-1/3 year low of 485 rigs. The number of US oil rigs has fallen over the past year from the ...