Oil prices fell on Tuesday as the market waited to see if Iraqi exports through the Turkish port of Ceyhan would resume, which could ease supply tightness caused by OPEC+ cuts, while China’s ailing economy still overshadowed the global demand outlook. By 0241 GMT, Brent crude fell eight cents to …
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Oil prices rose on Monday as global supply tightened due to reduced exports from Saudi Arabia and Russia outweighed concerns about global demand growth amid high interest rates. And by 0301 GMT, Brent crude oil prices rose 75 cents to 85.55 dollars a barrel. West Texas Intermediate crude rose 80 …
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WTI surged more than 1% on Friday and found resistance near $81.30, above the 20-day SMA. US Oil and natural rigs decreased for the sixth week in a row.The USD trading neutral allowed the black gold to gain traction. Chinese financial woes may limit the WTI’s upwards momentum.At the end …
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Wall Street’s rally continued apace on Tuesday, with the Dow Jones Industrial Average rising to a 52-week high. Microsoft soared on news about its AI-powered Office tools and its AI alliance with Meta Platforms. META stock rose slightly, while AI chip leader Nvidia kept climbing. Financials continued to rally on …
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As traders bet on a rebound following the most recent pullback, WTI oil was able to settle back above the $76 mark. The price of WTI crude oil has increased by +2.70% to $76.78. At $80.14, Brent crude has increased by +2.45%. As news of a lightning strike at the …
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The number of total active drilling rigs in the United States fell 3 this week, according to new data from Baker Hughes published on Friday. The total rig count slipped to 768 this week—224 rigs higher than the rig count this time in 2021.Oil rigs in the United States fell …
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The US dollar slides as investors balance positions ahead of key US inflation data. The dollar fell to a more than one-week low on Friday as investors consolidated gains after a sharp rise against most currencies, ahead of US inflation report that could determine the size of the Fed’s next …
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The US drilling rig count is down 3 units to 764 rigs working for the week ended August 5, according to Baker Hughes data. The count is up 273 units from the 491 rigs working this time a year ago.At 746 rigs working, the land rig count is unchanged from …
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Active drilling rigs in the US rose by 4 to 756, the highest since March 2020 and 56% more than a year ago, according to the latest weekly survey from Baker Hughes.Drilling rigs targeting crude oil gained 2 to 599, also the most since 2020, and gas rigs were unchanged …
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The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count slid to 750 this week—275 rigs higher than the rig count this time in 2021.Oil rigs in the United States …
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