Tag Archives: opec

Oil prices remained largely unchanged on Tuesday, following a rise in the previous session. Investors are cautiously awaiting the release of U.S. consumer price data, which could influence interest rate decisions and subsequently impact oil demand. However, expectations of increased consumption during the peak summer driving season in the U.S. …

U.S. stock index futures saw a slight uptick on Monday, hovering near record highs as investors eagerly awaited this week’s crucial inflation data for insights into the future trajectory of interest rates. Early morning trading saw Dow Jones Futures rise 0.3%, S&P 500 Futures climb 0.1%, and Nasdaq 100 Futures …

Crude oil futures held steady on Friday, with Brent crude futures for August settlement experiencing a slight dip and U.S. West Texas Intermediate (WTI) crude futures for August delivery also edging lower. However, both benchmarks were set to achieve a second consecutive week of over 3% gains, reaching their highest …

The International Energy Agency claims that efforts by the Organization of the Petroleum Exporting Countries and its partners, or OPEC+, to support prices by reducing production could be “upended” by an impending surplus in the world’s oil supply. The United States and other American nations are expected to lead the …

Oil prices extended their losses on Tuesday, with investors anticipating persistent U.S. inflation to maintain high interest rates, thereby dampening consumer and industrial demand. Brent crude futures declined by 64 cents, or 0.7%, to $83.07 a barrel by 0845 GMT. Concurrently, U.S. West Texas Intermediate (WTI) crude dropped by 64 …

Oil prices are 0.25% down, sliding below $78.00 after both OPEC and the International Energy Administration (IEA) released their monthly reports. OPEC stuck to previous expectations, while sluggish demand is forecasted in the IEA release. The US Dollar Index eases ahead of the US CPI print, with markets expecting a …

According to a recent Reuters poll of 100 economists, the majority now anticipates that the U.S. Federal Reserve will hold off on cutting its key interest rate until September. This contrasts with earlier expectations of a June rate cut and subsequent cuts throughout the year. Half of the economists surveyed …

On Monday, oil prices stabilized near their highest levels in five months, buoyed by various factors including expectations of declining supplies due to OPEC+ production cuts, attacks on Russian refineries, and robust data from the Chinese manufacturing sector indicating improved demand. As of 1115 GMT, Brent crude prices dipped by …

On Monday, oil prices continued their upward trajectory, building on recent gains amid various factors including anticipated declines in supplies due to OPEC+ production cuts, attacks on Russian refineries, and positive data from the Chinese manufacturing sector, signaling improved demand. As of 0331 GMT, Brent crude prices climbed by 29 …

Oil prices regained ground on Thursday, reversing two consecutive sessions of decline, as investors anticipated tighter supplies amid expectations that the OPEC+ producer alliance would continue with its current production cuts. Brent crude futures for May climbed $1.23, or 1.4%, to reach $87.32 a barrel, while the June contract rose …