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Oil demand outlook softens even as geopolitics simmers: Citi
Recent monthly reports from official energy agencies reveal a softer outlook for global oil demand, even as geopolitical tensions continue to simmer.
Oil risks correction as traders digest lower demand prospects, big US inventory drawdowns
Oil price ticks up slightly after snapping a four-day winning streak on Tuesday.
WTI edges lower below $77.50 on slowing global demand and easing fears of wider Middle East conflicts
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $77.20 on Wednesday.
Oil futures off lows after API data show big draw in US crude stocks
Investing.com -- U.S. crude oil futures were given a boost-settlement trading Tuesday after the American Petroleum Institute reported a much larger-than-ex
U.S. shale firms increase crude production with fewer rigs
U.S. shale producers are achieving greater operating efficiencies, increasing oil output without raising spending, leading to a potential oversupply in the
Oil defies bearish OPEC outlook and focuses on $80
Oil continues is winning streak for a fifth consecutive trading session after prices jumped substantially on Monday despite the bearish demand outlook from
WTI slides below $78.00 mark, rising Middle East tensions to limit deeper losses
WTI moves away from a three-week high touched, though the bias seems tilted in favor of bulls.
OPEC cuts crude demand growth forecast in 2024
The Organization of the Petroleum Exporting Countries has reduced its forecast for global oil demand growth this year, citing weakness in China, the world’
Oil prices steady with Iran-Israel escalation in focus
Oil prices steadied in Asian trade on Monday, retaining last week’s rebound as media reports suggested that an Iranian strike on Israel was likely to happe
Oil on track for 3% weekly gain on US jobs data and Middle East tensions
Oil prices rose on Friday, with Brent crude futures up 0.3% at $79.38 per barrel and WTI crude futures up 0.3% at $76.45 per barrel, set to gain over 3% fo
Oil recovers back to vital level offering window of opportunity
Traders are buying back into Crude with fears of recession abating.
Oil prices steady on positive data, set for first weekly gain in five
Oil prices were flat in Asian trade on Friday, but were set for their first positive week in five as a mix of bargain buying, improving sentiment towards t
Western insurers offer coverage for Russian oil despite worries about price caps
Western insurers, including American Club, West of England, and Norway's Gard, have provided insurance for Russian crude tankers, facilitating oil trade de
Oil could bounce; continue to recommend selling strength: Citi
Analysts at Citi Research in a note dated Wednesday have indicated a potential short-term rebound in oil prices to the low-to-mid-$80s per barrel for brent
Oil prices rise on smaller US inventories, China demand fears limit gains
Oil prices rose in Asian trade on Thursday as a sustained drop in U.S. inventories spurred some optimism over sustained demand in the world’s biggest fuel
WTI edges higher to near $72.50 driven by potential supply disruptions
West Texas Intermediate (WTI) crude Oil ends a four-day losing streak, trading around $72.50 per barrel on Wednesday.
Oil prices dip on mixed US inventories; demand fears persist
Oil prices fell in Asian trade on Wednesday after a mixed reading on U.S. inventories, with persistent concerns over slowing economic growth and weak deman
Oil futures little changes on mixed API report as weekly gasoline stocks climb
Investing.com -- U.S. crude oil futures were slightly lower in post-settlement trading Tuesday after the American Petroleum Institute reported a mixed repo
Oil prices rebound over 1% as Middle East concerns persist
Oil prices rose sharply in Asian trade on Tuesday, rebounding further from recent losses as fears of an all-out conflict in the Middle East largely offset
Oil sinks despite geopolitical turmoil overhang
Oil prices edge lower for a third straight day in a severe correction.
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