Tag Archives: us oil output

Oil prices rose on Thursday after falling slightly in the previous session, as markets returned to focus on expectations of tight crude supply during the rest of 2023. Brent crude futures rose 17 cents to $92.05 a barrel at 12:02 GMT, while US West Texas Intermediate crude rose 19 cents …

Oil prices rose on Wednesday, hovering again at the highest level in ten months that they touched in the previous session, as expectations of shrinking global supplies and fears of an interruption in Libyan supplies overshadowed fears of a slowdown in demand in some countries such as China. By 0054 …

Brent crude futures hovered just above $90 a barrel on Tuesday, as investors awaited a series of macroeconomic data scheduled for later this week, which could indicate whether Europe and the United States will continue raising interest rates. By 0003 GMT, the price of global benchmark Brent crude fell six …

Oil prices stabilized on Friday as investors weighed the impact of both concerns about the state of the Chinese economy and supply cuts from Saudi Arabia and Russia. The two benchmark crude oils reached their highest levels in ten months this week after Saudi Arabia and Russia extended their voluntary …

Oil prices fell on Thursday as concerns about demand during the winter season and China’s unclear economic outlook outweighed expectations of tight supplies as a result of Saudi Arabia and Russia extending voluntary production cuts. Brent crude futures fell 24 cents to $90.36 a barrel by 0412 GMT, after a …

Oil prices were mixed on Tuesday as support from measures taken by China to support its economy faded, countering the impact of expectations for an extension of supply cuts by two major OPEC+ members, Saudi Arabia and Russia. Brent crude futures for November delivery fell ten cents, or 0.11 percent, …

Oil prices remained constant on Monday, with predictions that major producers would keep supply tight, as hopes grew for the Federal Reserve to keep interest rates unchanged in order to keep the US economy from slowing. By 1110 GMT, Brent crude futures had risen 5 cents to $88.60 per barrel. …

Oil prices rose on Monday, supported by expectations that major producers will maintain the restrictions they impose on supplies, as well as growing hopes that the Federal Reserve (the US central bank) will leave interest rates unchanged to avoid an economic slowdown. Brent crude futures for November delivery rose three …

Brent crude, the global benchmark, hovered above $87 a barrel, as crude prices were set to end a two-week losing streak on Friday, supported by expectations of supply shortages. Saudi Arabia is widely expected to extend a voluntary oil production cut of 1 million barrels per day into October, prolonging …

Oil prices fell on Tuesday amid fears that further potential interest rate hikes in the US would lower demand, outweighing concerns that a tropical storm off the US Gulf Coast could affect supplies. And by 0640 GMT, Brent crude fell 19 cents, or 0.2 percent, to $ 84.23 a barrel, …