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Apr 3, 2024 · Oil prices rose on Wednesday to their highest level all year as OPEC+ left its 2.2-million-barrel per-day production cuts in place. Bank of America Securities analysts forecast a global oil market ...
Nov 2, 2022 · NEW YORK, Nov 2 (Reuters) - Oil prices rose on Wednesday, gaining ground even as other risk assets dropped following the Federal Reserve's fourth interest rate hike of the year. The market was ...
Aug 30, 2023 · NEW YORK (Reuters) -Oil prices gained on Wednesday as U.S. government data showed tighter-than-expected crude supplies, while concerns about the Chinese economy limited gains. Brent crude futures ...
Jul 28, 2023 · Here's why. Global oil prices have gained more than 16% since late June and are heading for their fifth-straight week of gains, the longest rally since before Russia’s full-scale invasion of ...
Mar 28, 2024 · Listen. (54 sec) 0850 GMT – Oil prices rise despite a surprise build in U.S. crude inventories last week. Brent crude and WTI are both up 0.6% to $86.58 a barrel and $81.83 a barrel respectively ...
Sep 25, 2023 · Another factor is financial speculation, and it appears investors are piling into the oil market with bets that prices will rise. “Much of the price surge beyond $85 per barrel is due to a flood of speculative money, while fundamentally there is still plenty of oil in the world to meet demand for now,” said Gary Peach, oil markets analyst at Energy Intelligence.
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Jun 26, 2024 · 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 war could disrupt ...
