Oil prices dip slightly on Friday but remain on track for a fourth straight week of gains, driven by strong summer demand expectations and supply …
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Oil prices increased due to a larger-than-expected decrease in US crude stockpiles and ongoing geopolitical concerns in the Middle East.
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Oil prices steady as mixed Chinese economic data offset summer demand hopes
Oil prices remain stable as disappointing Chinese economic data counterbalances optimism for increased demand during the northern hemisphere’s summer driving season.
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Oil prices experienced a second consecutive session of decline due to the U.S. dollar’s fortification, fueled by robust employment data that diminished expectations for interest …
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Prices fell in early trading on Wednesday after data from the U.S. Energy Information Administration revealed that U.S. crude stocks had surged by 1.2 million …
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Oil prices experienced a significant decline on Tuesday, extending losses from the previous session’s four-month low, as investors grew apprehensive about a potential surge in …
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Oil prices were in a holding pattern in early Asian trading as markets awaited an OPEC+ meeting on June 2 where producers are expected to …
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On a global scale, physical crude markets have more recently been under pressure due to soft refinery demand and ample supply.
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China, the largest importer of crude globally, increased its storage by 700,000 barrels per day (bpd), a substantial quantity that challenges the perception of robust …
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INDUSTRY NEWSLatest News
Oil prices rise as Chinese economic growth surpasses expectations
by Biplab Dasby Biplab DasBrent and U.S. crude futures rose by 0.5% and 0.6%, respectively, with the benchmarks responding positively to China’s GDP growth of 5.3% year-on-year.
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