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3 days ago · Saudi Arabia Oil Prices: The official selling price (OSP) for flagship Arab Light crude sold to Asia in August may fall by 60 cents to 80 cents a barrel from July, possibly to the lowest since April, four sources at Asian refineries said in a Reuters survey.
3 days ago · Oil prices faded late last week as U.S. fuel and. distillate stocks rose ahead of the start of the summer season. driving season. Brent was down another 22 cents at $82.57 a barrel,. while U.S. crude dipped 17 cents to $78.09 per barrel. ($ 1 = 7.2339 Chinese yuan renminbi)
3 days ago · LCO. -. By Alex Lawler. LONDON (Reuters) - Trading houses Trafigura and Gunvor bought nine cargoes of crude that underpin the international Brent benchmark in the last week and bid for more, helping to drive the steepest gains since a change in the way it was assessed in 2023. The moves on the physical Brent market, a small club in which oil ...
3 days ago · Elsewhere in commodities trading, Crude oil for delivery in August fell 0.27% or 0.22 to hit $81.52 a barrel, while the September Brent oil contract fell 0.38% or 0.32 to trade at $84.94 a barrel.
3 days ago · Forex traders said the strength of the American currency in the overseas market, elevated crude oil prices and US dollar demand from oil marketing companies capped sharp gains for the local unit. At the interbank foreign exchange market, the local unit opened at 83.42 and hit the intraday high of 83.36 and a low of 83.49 against the greenback during the session.
3 days ago · In other recent news, KeyBanc Capital Markets has adjusted its commodity price outlook for the years 2024 and 2025. It anticipates that West Texas Intermediate (WTI) crude oil will reach $78 per barrel in 2024, a 7% increase from its previous forecast, and $74 per barrel in 2025, a 6% increase. Still, the firm has reduced its natural gas price ...
3 days ago · OIL prices rose in Asian trade on Friday and were poised for a third straight weekly jump, buoyed by growing expectations that the U.S. central bank will soon start to cut interest rates and firm complex refining margins. Brent crude futures for August settlement, which expire on Friday, rose 48 cents, or 0.56% to $86.87 a barrel by 0620 GMT.
