Market Analysis
Oil Prices Rebound Slightly But on Track for Another Weekly Decline
Oil prices rebounded from their 4-month lows on Friday, but remain on track for a fourth straight week of losses.
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oil prices
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oil prices
Market Analysis
Oil Prices Drop as Increased US Supply Offsets OPEC+ Cuts
Oil prices failed to capitalize on recent production cuts as the market prices in unprecedented US exports.
Market Analysis
Oil Prices Hit the Lowest Level in Over 2 Months as Demand Likely to Slow
Oil prices fell to the lowest level in more than two months following the release of China's economic data.
Market Analysis
Oil Prices Gain as Russia and Saudi Arabia Continue Supply Cut, Other Factors
Crude oil futures advanced on Monday after Russia and Saudi Arabia said they plan to stick to supply cuts until the end of 2023.
Market Analysis
What to Expect Next as Oil Drops to $88.4 a Barrel
Oil prices fell on Wednesday after weak economic data in Europe and possible de-escalation in Israel-Hamas war weighed on demand.
Market Analysis
Oil and Gold Prices Surge as Conflict in the Middle East Continues
Prices of oil and gold soared higher on Wednesday following a deadly attack on a Gaza hospital that killed hundreds.
Market Analysis
Oil Up 4% as US Sanctions and Geopolitical Risk Premium Set the Narrative
Oil prices jumped around 4% on Friday amid a mix of factors including Middle Eastern tensions and new sanctions on Russian exports.
Market Analysis
Crude Oil at $85.8 After Hamas Attack, Can Rise More if Conflict Spirals
Analysts say the Hamas-Israel conflict is unlikely to put oil flows at an immediate threat but possible escalation and involvement of US and Iran could send…
Market Analysis
Oil Drops to $88 as Markets Brace for High Interest Rates to Stay Longer
Oil prices retreated on Wednesday as Fed's pledge to keep interest rates 'higher for longer' sparked demand concerns.
Market Analysis
Crude Oil Set for Another Weekly Gain as Morgan Stanley Raises Forecast
Crude oil is on track to record 11th weekly gain in the past 13 weeks as Morgan Stanley hiked price forecast for 2023 and 2024.
Market Analysis
Crude Oil Likely to Hit $100 a Barrel Amid Supply Constraints
Oil prices are likely to hit $100 a barrel, Chevron CEO predicted, amid worsening supply constraints.
Market Analysis
Oil Prices Hit 10-Month High, US Inflation Higher than Expected
Oil prices extended 10-month highs on Wednesday. Meanwhile, annual inflation rose higher-than-expected to 3.7% in August.
Market Analysis
Oil on Track for 5th Week of Gains as US Soft Landing Seems Possible
Oil prices are on track to rise for the fifth consecutive week as further supply cuts and soft landing prospects lead to greater appetite for risk…