Tag Archives: US oil inventories

Oil prices rose on Monday, recovering some of last week’s steep losses driven by concerns over China’s economic slowdown and easing tensions in the Middle East. Brent crude futures increased by $1.16, or 1.6%, to $74.22 per barrel at 1036 GMT, while U.S. West Texas Intermediate (WTI) crude gained $1.32, …

Oil prices rose slightly in Asian trading on Monday, following a sharp decline last week driven by worries over slowing demand in China, the world’s largest oil importer, and easing concerns about supply disruptions in the Middle East. Brent crude futures gained 0.37%, or 27 cents, to trade at $73.33 …

Oil prices edged higher on Thursday, balancing the impact of falling US crude inventories against escalating geopolitical tensions in the Middle East and underwhelming economic stimulus measures from China.West Texas Intermediate (WTI) and Brent crude both settled slightly higher, with WTI closing at $70.67 a barrel and Brent at $74.45 …

U.S. crude oil futures declined on Tuesday, extending the recent trend of losses that have persisted for three consecutive weeks. The market remains under pressure due to concerns over a potential slowdown in demand from China, a major importer, and the possibility of increased supply from leading global producers. Market …

Key Points: Price decline: Oil prices continued to fall on Monday, driven by expectations of higher OPEC+ production and concerns about weak demand in China and the United States.OPEC+ production: The organization is set to increase oil output in October as part of a plan to unwind previous supply cuts.Demand …

Oil prices continued their downward trend on Monday, driven by expectations of increased OPEC+ production starting in October and concerns over sluggish demand in the world’s two largest oil consumers, China and the United States. Market Movements: Brent Crude: Fell by 61 cents, or 0.8%, to $76.32 per barrel.West Texas …

Oil futures concluded Wednesday’s trading session in the red, influenced by a decline in U.S. oil inventories that was smaller than market expectations. Concerns over Chinese demand also weighed on prices, despite worries about potential supply shortages due to potential reductions in output from the Middle East and Libya.West Texas …

Oil prices rose to their highest level in 10 months on Friday, after China reduced banks’ cash reserve requirements to boost its economic recovery, and amid expectations that the cycle of raising global interest rates will soon end. By 0027 GMT, Brent crude rose 46 cents, equivalent to 0.5 percent, …

Following a surprising increase in US crude stocks and a 3.7% YoY increase in August, WTI is currently trading at $87.969, down 0.17% after losing 0.33% earlier during the US trading session. Contrary to forecasts, the most recent US crude oil stocks showed a 4 million barrel gain. According to …

Oil prices fell on Wednesday ahead of the Federal Reserve’s expected rate hike, but expectations of a decline in US crude inventories and European sanctions on Russian oil limited losses. Brent crude fell 56 cents, or 0.6 percent, to $ 94.09 a barrel by 1027 GMT, while US West Texas …