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19 hours ago · Global benchmark Brent topped $83 a barrel after climbing 0.5% on Wednesday, while US benchmark West Texas Intermediate was over $79. US oil inventories fell by 2.5 million barrels last week for the first back-to-back drop since March, taking nationwide holdings to the lowest in almost a month. Story continues below.
9 hours ago · -- Crude oil prices rose as markets adopted a more risk-tolerant tone, supported by signs of stronger demand, ANZ Bank said in a Thursday note. US crude oil inventories saw a higher-than-expected...
19 hours ago · This led to oil price forecasts to average at $84 per barrel for the rest of the year. Inventory. As per the EIA weekly petroleum data of 3 May 2024, US crude oil inventory (excluding strategic petroleum reserves) is at 459.5 million barrels which is 3% below 5 years average for this time of the year. This is attributed to refiners ramping up ...
10 hours ago · Brent oil price shows weak trades since morning, and as long as the price is above 82.40$, the bullish bias will remain suggested for today, which targets testing 84.77$ before turning back to resume the correctional bearish track again.
11 hours ago · In Canada, the average price for one litre has more than doubled over the past three years, from $6.62 in March 2021 to $15.93 in March 2024, according to Statistics Canada's most recent monthly ...
11 hours ago · Brent Crude • 10 mins: 83.06 +0.31 ... demand in the future will probably be very different from 2022 demand—thanks to AI. ... Oil Prices Climb on a U.S. Inventory Draw and Inflation Optimism;
19 hours ago · SINGAPORE: Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the US, where data showed slower inflation than markets expected, bolstering the argument for an interest rate cut that could drive greater consumption, according to Reuters. Brent futures rose 32 cents, or 0.4 percent, to $83.07 a barrel at 9:20 a.m. Saudi time, while US West Texas ...
