The growing anticipation of an imminent Fed easing cycle has sparked a risk rally across stock markets.
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The United States, as the world’s largest oil consumer, is entering its peak summer consumption period.
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Oil prices dipped as investors weighed the potential delay in US interest rate cuts and the impact of abundant crude and fuel inventories on the …
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Crude oil futures edged higher on Wednesday, supported by optimistic global demand projections from the U.S. Energy Information Administration (EIA) and OPEC, coupled with industry …
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They are less inclined to respond to every price spike with a major boost in drilling that ultimately floods the market with oil and depresses …
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Oil prices remained close to four-month lows on Wednesday, pressured by expectations of increased supply from OPEC+ later in the year and concerns over weakening …
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The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) have decided to prolong their existing oil production cuts, eliciting a mixed response from …
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Oil prices advanced in Asian trading on Wednesday, driven by expectations that major producers will maintain output cuts at their upcoming meeting and anticipation of …
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Iran has approved a plan to raise its oil output to four million barrels per day
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Brent crude futures declined 12 cents, or 0.1%, to USD 83.34 a barrel by 0041 GMT. U.S. West Texas Intermediate crude eased 8 cents, or …
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