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- 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 increased production around the globe and shrug off the Organization of the Petroleum Exporting Countries’ promises to limit supply.
www.cnn.com/2023/12/11/investing/premarket-stocks-oil-gas-prices/index.htmlOil prices have been falling for seven weeks straight. Here’s why
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Dec 11, 2023 · Last month imports fell by about 10% from the month prior, and there’s been a year-over-year drop of 9.3%. You’re seeing crude oil demand into China going down.
Sep 10, 2024 · U.S. and international crude oil futures skidded to their lowest levels in more than a year after the influential oil producing group cut its 2024 outlook, citing weakness in Chinese demand.
Dec 12, 2023 · Last week saw the seventh-consecutive weekly decline in crude prices, the longest consecutive losing streak on a weekly basis since the end of 2018, noted Rory Johnston, energy researcher...
Aug 2, 2024 · Oil prices fell on Friday, with Brent settling at its lowest since January, after data showed the U.S. economy added fewer jobs than expected last month and weak Chinese economic data added...
May 30, 2024 · NEW YORK, May 30 (Reuters) - Oil prices fell for the second consecutive session on Thursday, after the U.S. government reported weak fuel demand in the country and a surprise jump in gasoline and...
Sep 6, 2024 · Oil futures fell sharply on Friday to post a weekly drop of about 8%, with global benchmark prices settling at their lowest since 2021, driven by worries over a slowdown in demand.
May 21, 2024 · U.S. crude oil and gasoline inventories rose last week, while distillates fell, according to market sources citing American Petroleum Institute (API) figures on Tuesday.
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