Oil Ekes Out Weekly Gain as Slowdown Fears Linger
Oil edged higher after a volatile week of trading as concerns over a global economic slowdown continued to dun the market. West Texas Intermediate futures rose 0.6% to settle above Continue Reading
Oil prices settle up; China demand hopes outweigh recession worry
Oil prices settled up on Friday as hopes of stronger Chinese demand and a weakening U.S. dollar outweighed concern about a global economic downturn and the impact of interest rate Continue Reading
The World’s Oil Buyers Are Being Crushed by a Surging Dollar
From Paris to Mumbai, exchange rates are keeping fuel costly Oil is at record levels in Ghana, while Sri Lanka is shut out Sri Lanka recently shut its only oil Continue Reading
Goldman: U.S. SPR crude releases to have modest price influence
The Biden administration’s plan to continue releasing the Strategic Petroleum Reserves (SPR) “as appropriate” to bring down retail rates poses limited downside from current crude price levels, Goldman Sachs said Continue Reading
Oil Could Surge Well Above $100 After Midterms
Analysts are becoming increasingly concerned about where oil prices might head following the midterms. The looming EU embargo on Russian oil could send prices significantly higher. The White House’s newly Continue Reading
Oil Price Fluctuates After Choppy Week as Global Recession Concerns Linger – Bloomberg
Oil retreated on Friday after a volatile week as concerns over a global economic slowdown continue to hang over the market. Benchmark Brent futures traded near $91 a barrel amid Continue Reading
Oil Prices On Course For A Second Consecutive Weekly Loss
Oil prices are on course to post a weekly loss for the second week in a row, with economic fears continuing to trump market fundamentals. Comments from the Fed that Continue Reading
Weak Oil Demand To Slow Economic Growth In The Middle East Next Year
The major oil exporters in the Arab Gulf will see their economies grow at a lower rate next year compared to this year’s growth and previous expectations due to weaker-than-projected Continue Reading
Oil Holds Gains as Market Shrugs Off US Measures to Tame Prices
Oil held gains as the market shrugged off measures from US President Joe Biden to tame rising energy prices that have fueled inflation. West Texas Intermediate for December traded near Continue Reading
Oil Extends Gains as China Debates Quarantine Cuts for Travelers
Oil advanced as Chinese officials debate easing some Covid rules, a policy that has weighed on its economy and energy demand. Brent rose much as 1.6% to trade above $93 Continue Reading