Tag Archives: ISM Services PMI

OPEC oil production rose for the third straight month in October, supported by production increases in Nigeria and Angola despite ongoing cuts from Saudi Arabia and other members of the broader OPEC+ alliance aimed at supporting the market, a Reuters survey showed on Tuesday. The survey showed that OPEC pumped …

Oil prices rose by more than a dollar on Friday as reports came in that the US military bombed Iranian targets in Syria, once again raising fears of a widening conflict between Israel and Hamas that could affect supplies from the Middle East. By 0638 GMT, Brent crude futures for …

Oil prices were nearly flat at the start of trading on Wednesday, as signs of shrinking US supplies were counterbalanced by economic data that weakened expectations for energy demand. Brent crude futures rose two cents to $88.09 a barrel by 0003 GMT, while US West Texas Intermediate crude futures fell …

Oil prices rose in early trading in Asia on Tuesday, October 24, recouping some of the previous day’s losses as investors continued to worry that the war between Israel and Hamas could escalate into a broader conflict in the oil-exporting region, causing potential supply disruptions. By 00:32 GMT, Brent crude …

Oil prices fell by over a dollar on Monday as supply concerns eased amid diplomatic efforts to contain the conflict between Israel and the Palestinian Islamic Resistance Movement (Hamas). By 0628 GMT, Brent crude futures fell 67 cents to $91.49 per barrel, after losing $1.08 earlier in the session, recording …

Oil prices rose on Friday by more than a dollar, on track to achieve gains for a second week amid growing fears that the conflict between Israel and Gaza could spread to the Middle East and thus disrupt supplies from one of the largest crude production regions in the world. …

Russia said on Friday that the OPEC+ group of major oil producers helped stabilize oil markets and resisted external pressure, despite “Western manipulation” in the form of a price ceiling for Russian oil. Foreign Ministry spokesman Alexei Zaitsev stated in a weekly press briefing that Russia is a responsible supplier …

Oil prices fell slightly on Tuesday after falling by more than a dollar on Monday amid hopes that the United States will ease sanctions on oil producer Venezuela and as Washington intensifies its efforts to prevent an escalation of the war between Israel and Hamas. By 0333 GMT, Brent crude …

Oil prices fell on Monday, with Friday’s rise relatively subsiding as investors awaited the repercussions of the conflict between Israel and the Islamic Resistance Movement (Hamas) on other countries, which could push prices up and deal a new blow to the global economy. Brent crude futures fell 34 cents, or …

The Organization of the Petroleum Exporting Countries (OPEC) on Thursday maintained its forecast for relatively strong growth in global oil demand in 2023 and 2024, citing signs of a resilient global economy so far this year and forecasting increased demand in China. The organization stated in a monthly report that …