Tag Archives: Europe

Oil prices turned lower on Wednesday, extending the previous session’s 1 percent loss, as weak economic data from China outweighed tight US crude supplies. Brent crude futures fell 21 cents to $84.68 a barrel at 0249 GMT, while US West Texas Intermediate crude fell 20 cents to $80.79. Both benchmarks …

Oil prices fell on Monday, after posting seven consecutive weeks of gains, supported by tight supplies caused by the OPEC+ group’s production cuts, amid concerns about a slowing economic recovery in China and the impact of a rising dollar. Brent oil futures fell 29 cents, or 0.3 percent, to $86.52 …

Oil prices fell slightly on Friday as investors weighed the upbeat demand outlook from the Organization of the Petroleum Exporting Countries (OPEC) and at the same time mixed economic data from China. Brent crude fell 15 cents to $86.25 a barrel by 0515 GMT, while US West Texas Intermediate crude …

Oil prices fell on Thursday, after hitting multi-month highs in the previous session, as rising crude inventories in the United States and weak economic data from China added to concerns about global fuel demand. Brent crude fell nine cents, or 0.1 percent, to $87.46 a barrel by 0408 GMT, after …

US oil inventories surged in the week ending August 4, with crude oil inventories increasing by 5.851 million barrels, surpassing market expectations of -17.049 million barrels. Gasoline stocks declined by -2.661 million barrels, while oil derivatives and products inventories fell by -1.706 million barrels. The US production rate of oil …

 WTI crude declines by more than 1% as the dollar-denominated commodities are hurt by a stronger US dollar and concern about Fed tightening. Mixed labour market indicators from the US and increased business activity heighten the likelihood of a rate hike in June. Fears of a recession brought on by …

The WTI crude oil clings to mild gains around two-week high, up for the third consecutive day. Clear break of six-week-old falling resistance line, weekly bullish channel keep Oil buyers hopeful.Overbought RSI as well as cautious mood prevail across oil markets ahead of key US data. WTI crude oil sellers …

The price of natural gas is still rising following one of the best weeks of 2023, which saw a 17% increase. After disruptions in Norway, the continent’s primary producer, there are still doubts over whether European supply can keep up with demand. Despite strong fundamentals, as long as prices are …

Investors will be following the outcomes of monetary policy meetings in the United States, the European Union, and Japan this week, from Wednesday to Friday. Uncertainty over the trajectory of interest rates has recently been common as persistent inflation maintains firm in some places and begins to surrender in others. …

A survey showed that strong growth in the services sector gave impetus to business growth in the euro zone this month, expanding much faster than expected, in the latest evidence that the single currency region can escape recession. Data on Tuesday reported that the S&P Global’s composite purchasing managers’ index …