Yahoo Canada Web Search

Search results

1. Top Stories

   • 

     Reuters on MSN.com

     Saudi Arabia may cut oil prices for Asia for second month in August

     19 hours ago

   • 

     Reuters on MSN.com

     Oil prices steady as markets zoom in on summer demand, inflation data

     3 days ago

   • 

     Reuters on MSN.com

     Oil prices increase in Asian trade, set for third weekly gain

     19 hours ago

   • Ship & Bunker

     Biggest Stockpile Build In Three Years Offsets Gaza Concerns, Oil Prices Rudderless

     Reported escalating tensions between Israel and Hezbollah in Lebanon were enough to detract crude traders on Wednesday from focusing on a surprise build in gasoline inventories, and this resulted in a session of minuscule gains for the commodity.

     2 days ago

   View all

2. • Averted an August swoon

     • Oil prices averted an August swoon, scoring a third straight monthly gain, as tightening crude supplies ended up overshadowing worries about China’s economy and energy demand.
     www.marketwatch.com/story/no-august-swoon-for-oil-prices-heres-why-crude-bounced-back-f5a84106

     No August swoon for oil prices. Here's why crude bounced back.

3. People also ask

   Why did oil prices go up in July & August?

   • At the time of writing, Brent traded around $87/bbl, close to 2023 highs. Global oil prices moved steadily higher during July and into early August, reflecting a market tightening long projected by this Report. Deepening OPEC+ supply cuts have collided with improved macroeconomic sentiment and all-time high world oil demand.

   Oil Market Report - August 2023 – Analysis - IEA

   www.iea.org/reports/oil-market-report-august-2023

   See all results for this question

   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/

   See all results for this question

   Are crude oil prices rangebound in August?

   • Crude oil prices remain rangebound end-August as hedge funds go gradually short. As crude oil trading for the month of August draws to a close, prices have remained stubbornly rangebound, with the global benchmark Brent trading around $85 per barrel, and the West Texas Intermediate (WTI) just north of $81 per barrel.

   Oil Prices Remain Rangebound End-August As Hedge Funds Go ... - For…

   www.forbes.com/sites/gauravsharma/2023/08/31/oil-prices-remain-rangebound-end-august-as-hedge-funds-go-gradually-short/

   See all results for this question

   Why are oil prices rising?

   • “The surge in oil prices was triggered by an optimistic demand outlook and reduced U.S. inventories. With the Northern Hemisphere entering a hot summer and the upcoming hurricane season, demand is expected to continue increasing in the coming months,” said independent market analyst Tina Teng.

   Oil prices steady with U.S. inflation data in focus

   www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-steady-with-us-inflation-data-in-focus/

   See all results for this question

   Why has oil prices stalled after a rally in July?

   • This has largely been the pricing scenario after a rally in July and early part of August, when Saudi Arabia and Russia announced a production cut of 1.5 million barrels per day (bpd). Despite the cut, the rally has stalled largely around the middle of a relatively higher price range after July's uptick.

   Oil Prices Remain Rangebound End-August As Hedge Funds Go ... - For…

   www.forbes.com/sites/gauravsharma/2023/08/31/oil-prices-remain-rangebound-end-august-as-hedge-funds-go-gradually-short/

   See all results for this question

   How did Brent & crude prices compare in August?

   • 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%. Last week, both benchmarks gained about 3%, marking two straight weeks of gains, and taking them to their highest since April.

   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/

   See all results for this question

4. www.forbes.com › sites › gauravsharmaOil Prices Remain Rangebound End-August As Hedge Funds Go ...

   www.forbes.com › sites › gauravsharma

   • Cached

   Aug 31, 2023 · As crude oil trading for the month of August draws to a close, prices have remained stubbornly rangebound, with the global benchmark Brent trading around $85 per barrel, and the West...

5. www.iea.org › reports › oil-market-report-august-2023Oil Market Report - August 2023 – Analysis - IEA

   www.iea.org › reports › oil-market-report-august-2023

   • Cached

   • World oil demand is scaling record highs, boosted by strong summer air travel, increased oil use in power generation and surging Chinese petrochemical activity.
   • Global oil supply plunged by 910 kb/d to 100.9 mb/d in July. A sharp reduction in Saudi production in July saw output from the OPEC+ bloc fall 1.2 mb/d to 50.7 mb/d, while non-OPEC+ volumes rose 310 kb/d to 50.2 mb/d.
   • Refinery throughputs are set to reach a summer peak of 83.9 mb/d in August, up 2.4 mb/d since May and 2.6 mb/d higher than a year ago. The increase in refined product output has failed to ease product market tightness, pushing gasoline and middle distillate cracks to near record-highs.
   • Russian oil exports held steady at around 7.3 mb/d in July, as a 200 kb/d decline in crude oil loadings was offset by higher product flows. Crude exports to China and India eased m-o-m but accounted for 80% of Russian shipments.

6. www.marketwatch.com › story › no-august-swoon-forNo August swoon for oil prices. Here's why crude bounced back.

   www.marketwatch.com › story › no-august-swoon-for

   Aug 31, 2023 · Oil prices averted an August swoon, scoring a third straight monthly gain, as tightening crude supplies ended up overshadowing worries about China’s economy and energy demand.

7. www.iea.org › reports › oil-market-report-august-2021Oil Market Report - August 2021 – Analysis - IEA

   www.iea.org › reports › oil-market-report-august-2021

   • Cached

   Aug 12, 2021 · The 2Q21 crude price rally lost steam in July on fears that new Covid-19 Delta cases and weaker economic indicators could slow the oil demand recovery just as more supply hit the market. Despite big swings, North Sea Dated still rose $2.03/bbl to $74.99/bbl but fell to $70.73/bbl in early August.

8. www.bloomberg.com › news › articlesLatest Oil Prices Market News and Analysis for August 31 ...

   www.bloomberg.com › news › articles

   • Cached

   Aug 30, 2023 · WTI settles above $83 a barrel, rising for a sixth session. Oil rose for a sixth session, buoyed by risk-on sentiment and news that Russia had agreed on further OPEC+ cuts.

   • Author: Julia Fanzeres

9. www.theglobeandmail.com › business › industry-newsOil prices steady with U.S. inflation data in focus - The ...

   www.theglobeandmail.com › business › industry-news

   • Cached

   4 days ago · Brent futures for August settlement were down 20 cents at $85.81 a barrel by 0925 GMT after gaining 0.9 per cent on Monday. U.S. crude futures dipped by 18 cents to $81.45 after rising 1.1 per ...

10. 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.