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4 hours ago · By Irina Slav - May 17, 2024, 1:26 AM CDT. Crude oil prices were on the climb today, set for a weekly gain on signs of strong demand coming from economic reports in key markets. If the week does ...
4 hours ago · In the United States, meanwhile, the latest inflation report showed a smaller-than-expected increase in consumer prices, boosting expectations of rate cuts and supporting oil prices. At 3.4%, the annual rate of inflation was still considerable but on a monthly basis the rise was 0.3% rather than the 0.4% analysts had predicted, spurring optimism.
8 hours ago · Brent crude oil prices rose 21 cents, or 0.3 per cent, to $83.48 a barrel by 0018 GMT. U.S. West Texas Intermediate ( WTI) crude futures rose 18 cents, or 0.2 per cent, to $79.41 a barrel. Brent futures are set to rise about 1 per cent on a weekly basis, and WTI futures are set to gain 1.4 per cent. Recent declines in oil and refined products ...
3 hours ago · By Irina Slav - May 17, 2024, 2:30 AM CDT. China’s natural gas production went up by 5% during the first four months of the year to 83 billion cubic meters, the country’s National Bureau of ...
11 hours ago · Brent crude oil prices climbed 21 cents, or 0.25 percent, to $83.48 a barrel by 6:14 a.m. Saudi time. US West Texas Intermediate crude futures rose 7 cents, or 0.09 percent, to $79.30 a barrel ...
11 hours ago · Meanwhile, diesel prices are expected to either increase by P0.20 per liter or decrease by P0.10 per liter. For the first two weeks of May, oil firms have implemented a rollback in pump prices ...
10 hours ago · The average OXY stock price target is $71.69, indicating upside potential of 14.1% from current levels.The TakeawayOccidental Petroleum’s earnings and cash flow took a hit in Q1 due to lower oil ...
