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- Oil prices and Wall Street's main indexes (.DJI), (.SPX), (.IXIC) both fell after U.S. Treasury Secretary Janet Yellen said the government could run out of money within a month.
www.reuters.com/markets/commodities/oil-falls-economic-fears-weigh-against-potential-crude-draw-2023-05-02/
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Dec 11, 2023 · New York CNN — US oil futures notched their seventh straight week of declines on Friday, marking their longest losing streak in five years. The prolonged drop comes as analysts worry about...
Dec 29, 2023 · Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world.
- Nicole Jao
Nov 17, 2023 · Oil prices dropped around 5% on Thursday to their lowest in four months, as investors worried about global oil demand following weak data from the U.S. and Asia.
Oct 6, 2023 · “One of the dynamics that I think has fueled oil prices moving lower is that production in the U.S. rose 5% or 6% over just a couple of weeks,” Adams said.
Jan 11, 2023 · We forecast that U.S. production will grow by 5% (1.0 million b/d) in 2023, and OPEC liquid fuels production (which includes crude oil) will increase by 0.5% (160,000 b/d) in 2023. We forecast that global petroleum production in 2024 will increase by 2% (1.7 million b/d), driven by increases in U.S. and OPEC production.
May 2, 2023 · Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as U.S. politicians discuss ways to avoid a debt default and investors prepare for more rate hikes this...
The United States is now on track to deliver a supply increase of 1.4 mb/d in 2023, accounting for two-thirds of the 2.2 mb/d non-OPEC+ expansion. At the same time, OPEC+ will post a 400 kb/d decline, cutting its market share to 51% in 2023 – the lowest since the bloc’s creation in 2016.