Oil rises as investors return from holidays, eye China recovery
Trending News
1 week ago

Oil rises as investors return from holidays, eye China recovery

Live Mint  

By Florence Tan SINGORE, - Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China's economy and fuel demand following a pledge by President Xi Jinping to promote growth. Traders are returning to their desks and probably weighing higher geopolitical risks and also the impact of Trump running the U.S. economy red hot versus the impact of tariffs, IG market analyst Tony Sycamore said. U.S. crude oil and distillate stockpiles are expected to have fallen last week while gasoline inventories likely rose, an extended Reuters poll showed on Tuesday. U.S. oil demand surged to the highest levels since the pandemic in October at 21.01 million barrels per day, up about 700,000 bpd from September, EIA data showed on Tuesday.

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History of this topic

Oil rises from two-month highs on optimism ove
6 days, 15 hours ago

Oil rises from two-month highs on optimism ove

Live Mint  

By Florence Tan SINGAPORE - Oil prices extended their gains on Friday after closing at their highest in more than two months in the previous session on hopes governments across the world may increase policy support to revive economic growth that would lift fuel demand. Factory activity in Asia, Europe and the U.S. ended 2024 on a soft note as …

Oil Climbs in Year’s First Session With US Stockpiles in Focus
Trending News
1 week ago

Oil Climbs in Year’s First Session With US Stockpiles in Focus

Live Mint  

Oil began 2025 by rising to the highest level since November, boosted by a report of shrinking crude stockpiles in the US and bullish technical indicators. A report from the American Petroleum Institute showed inventories fell by 1.4 million barrels last week, a sixth straight draw if confirmed by government data later Thursday. It’s the fourth straight session of gains, …

Wall Street week ahead: Pending home sales, manufacturing data to guide markets
1 week, 3 days ago

Wall Street week ahead: Pending home sales, manufacturing data to guide markets

Live Mint  

After a sharp sell-off on Wall Street last week, market participants will witness sparse economic data in the holiday-shortened week ahead. The expected economic data include pending home sales for November, purchasing managers’ data from the Institute of Supply Management and the S&P Global for December. The S&P 500 lost 66.75 points, or 1.11 per cent, to end at 5,970.84 …

Oil logs weekly gain in holiday-thinned trade on low US crude stock, China stimulus outlook; Brent sits at $74/bbl
1 week, 5 days ago

Oil logs weekly gain in holiday-thinned trade on low US crude stock, China stimulus outlook; Brent sits at $74/bbl

Live Mint  

International crude oil prices settled more than one per cent higher in the previous session, logging a weekly gain in low trading volume ahead of year-end. Back home, crude oil futures settled 0.17 per cent higher at ₹6,045 per barrel on the multi-commodity exchange. -US crude oil inventories fell by 4.2 million barrels in the week ended December 20 as …

Oil prices steady as weekly rise expected amid China's economic recovery hopes
1 week, 6 days ago

Oil prices steady as weekly rise expected amid China's economic recovery hopes

Hindustan Times  

Oil prices were little changed on Friday but were set for a weekly rise amid optimism economic stimulus efforts will prompt a recovery in China, the world's biggest oil importer. With hopes that economic stimulus initiatives will spur a resurgence in China, the world's largest oil importer, oil prices were little altered on Friday but were expected to climb weekly. …

Stocks hit, dollar slips in illiquid year-end profit taking
1 week, 6 days ago

Stocks hit, dollar slips in illiquid year-end profit taking

Live Mint  

By Alden Bentley, Naomi Rovnick and Ankur Banerjee NEW YORK/LONDON/SINGAPORE -U.S. stocks wrapped up Christmas week on Friday with retracements of double-digit uptrends, and, alongside the dollar to a smaller degree, succumbed to profit taking in illiquid markets heading into the last weekend of 2024. "I’ve heard anecdotes that pension funds are rebalancing ahead of year-end, selling stocks and buying …

Oil Dips in Thin Trading on Soft US Data, Natural Gas Outlook
1 week, 6 days ago

Oil Dips in Thin Trading on Soft US Data, Natural Gas Outlook

Live Mint  

Oil edged lower in light holiday trading on soft US jobs data and a retreat in natural gas futures. US natural gas futures fell by more than 5% Thursday, dragging down the energy complex after forecasts pointed to lower-than-anticipated heating demand. Helping to set a floor on prices, the American Petroleum Institute said commercial crude inventories fell 3.2 million barrels …

Oil spikes 1% in holiday-thinned session over China stimulus outlook; Brent hits $74 in rangebound trade
2 weeks ago

Oil spikes 1% in holiday-thinned session over China stimulus outlook; Brent hits $74 in rangebound trade

Live Mint  

International crude oil prices rose almost one per cent on Thursday, December 26, in a holiday-thinned trading session driven by hopes for additional fiscal policy stimulus in China, the world's biggest oil importer, and supported by an industry report showing a decline in US crude inventories. Crude oil trades higher in holiday-thinned session -According to news agency Reuters, Chinese authorities …

Oil prices up in thin pre-Christmas trade
Trending News
2 weeks, 2 days ago

Oil prices up in thin pre-Christmas trade

Live Mint  

By Katya Golubkova TOKYO, Dec 24 - Oil prices were up on Tuesday in thin trade ahead of the Christmas Day holiday, with prices supported by U.S. economic data and rising oil demand in India, the world's third-largest oil importer. In the shorter term, traders are looking for indications of U.S. demand from the crude oil and fuel stockpiles data …

Wall Street heads for upbeat open as investors cheer US inflation data
Trending News
2 weeks, 3 days ago

Wall Street heads for upbeat open as investors cheer US inflation data

Live Mint  

* Dollar gains, S&P futures up 0.1% * Futures imply two Fed rate cuts in 2025 * Dollar remains strong on high bond yields By Amanda Cooper LONDON, Dec 23 - U.S. stock futures rose on Monday, pointing to an upbeat start on Wall Street following a U.S. inflation reading last week that offered some hope for further policy easing …

Stocks rally as investors cheer US inflation relief
2 weeks, 3 days ago

Stocks rally as investors cheer US inflation relief

Live Mint  

By Amanda Cooper and Wayne Cole LONDON/SYDNEY - Global shares were boosted on Monday by a U.S. inflation reading offering some hope for further policy easing next year, along with relief that Washington had averted a government shutdown. The euro has hit two year lows in recent weeks and is also heading for its weakest quarterly performance against the dollar …

Oil prices ease on surplus concerns, dollar strength
2 weeks, 3 days ago

Oil prices ease on surplus concerns, dollar strength

Live Mint  

By Nicole Jao NEW YORK -Oil prices edged lower on Monday in thin trade ahead of the Christmas holiday on concerns about a supply surplus next year and a strengthened dollar. Macquarie analysts projected a growing supply surplus for next year, which will hold Brent prices to an average of $70.50 a barrel, down from this year's average of $79.64, …

Oil sheds 3% in 5 days on US Fed rate cut outlook, weak Chinese demand; Brent slips below $73/bbl
2 weeks, 5 days ago

Oil sheds 3% in 5 days on US Fed rate cut outlook, weak Chinese demand; Brent slips below $73/bbl

Live Mint  

International crude oil prices settled little changed in the previous session after markets weighed weak Chinese demand and fewer interest rate-cut expectations by the US Federal Reserve after recent prints of US inflation. -The US dollar retreated from a two-year high but was heading for a third consecutive week of gains after data showed cooling US inflation two days after …

Oil settles up after US crude stocks fall, Fed’s 2025 outlook curbs gains
3 weeks, 1 day ago

Oil settles up after US crude stocks fall, Fed’s 2025 outlook curbs gains

Live Mint  

By Georgina McCartney HOUSTON - Oil prices settled higher on Wednesday after U.S. crude inventories fell and the U.S. Federal Reserve cut interest rates as expected, but gains were capped as the Fed signalled it would slow the pace of cuts. U.S. crude stocks and distillate inventories fell while gasoline inventories rose in the week ending Dec. 13, the Energy …

Oil gains 6% in 5 days over EU sanctions on Russia, Iran & US Fed rate cut bets; Brent sits at 3-week high
3 weeks, 5 days ago

Oil gains 6% in 5 days over EU sanctions on Russia, Iran & US Fed rate cut bets; Brent sits at 3-week high

Live Mint  

International crude oil prices climbed about two per cent in the previous session to settle at a three-week high, driven by expectations that additional sanctions on Russia and Iran could tighten supplies and lower interest rates in Europe and the US Federal Reserve could boost global fuel demand. -Analysts say the price strength is driven by expectations of tighter sanctions …

Wall Street today: US stocks end lower as investors eye inflation data, Nvidia slumps 2.5% on China probe
1 month ago

Wall Street today: US stocks end lower as investors eye inflation data, Nvidia slumps 2.5% on China probe

Live Mint  

US stock market indices ended lower on Monday weighed down by tech stocks amid fall in AI leader Nvidia stock price and ahead of the release of crucial inflation data later this week. Advanced Micro Devices shares plunged 5.7% after BofA Global Research downgraded its rating on the stock, Comcast share price tanked 9.5%, while Hershey stock price surged 10.9% …

Oil climbs as Assad's fall brings more uncertainty to Middle East
1 month ago

Oil climbs as Assad's fall brings more uncertainty to Middle East

The Hindu  

Oil prices climbed on Monday after the fall of Syrian President Bashar al-Assad's regime introduced greater uncertainty to the Middle East, although the gains were capped by a waning demand outlook for the coming year. "But Saudi Arabia's price reductions and OPEC+'s production cut extension last week underscored weak demand from China, indicating the market may soften toward year-end," he …

Oil reports weekly loss on oversupply fears despite OPEC+ output extension; Brent down over 2% in 5 days
1 month ago

Oil reports weekly loss on oversupply fears despite OPEC+ output extension; Brent down over 2% in 5 days

Live Mint  

International crude oil prices fell by more than one per cent in the previous session to report a weekly loss after analysts projected a supply surplus next year on weak demand despite the Organisation of Petroleum Exporting Countries and its allies 's recent decision to delay the oil output hikes till April 2025 and extend the deep production cuts to …

Morgan Stanley, HSBC slash crude oil supply forecast; Brent average pegged near $70 for 2025 after OPEC+ verdict
1 month ago

Morgan Stanley, HSBC slash crude oil supply forecast; Brent average pegged near $70 for 2025 after OPEC+ verdict

Live Mint  

OPEC+ verdict: Leading global investment bankers Morgan Stanley and HSBC revised down their expectations for an oil market surplus next year and forecast a Brent crude price of $70 per barrel, following a decision by the Organisation of Petroleum Exporting Countries to delay and slow plans for a higher crude output. Brent crude average, oil supply forecasts for 2025 According …

Brent nears $93, US WTI ticks higher after OPEC+ pushes back output hike, extends cuts through 2026
1 month ago

Brent nears $93, US WTI ticks higher after OPEC+ pushes back output hike, extends cuts through 2026

Live Mint  

International crude oil prices traded higher on Thursday, December 5, after the Organisation of Petroleum Exporting Countries and its allies, in its virtual meeting, decided to delay its planned output increase by three months to April 2025 and extend the full unwind of production cuts by a year until the end of 2026. -According to Reuters calculations, the gradual unwinding …

Oil Holds Drop as OPEC Decision on Supply Takes the Spotlight
1 month ago

Oil Holds Drop as OPEC Decision on Supply Takes the Spotlight

Live Mint  

-- Oil steadied after a decline, with traders looking ahead to an OPEC meeting on Thursday that’s expected to see the cartel again defer a move to revive output in an already well-supplied market. While commercial stockpiles shrank more than 5 million barrels for the biggest weekly drop since August, nationwide oil production hit a record in a reminder of …

Oil ticks higher ahead of OPEC+ verdict; Israel-Lebanon tensions provide support: Brent nears $93/bbl
1 month ago

Oil ticks higher ahead of OPEC+ verdict; Israel-Lebanon tensions provide support: Brent nears $93/bbl

Live Mint  

International crude oil prices rose more than 1.5 per cent on Tuesday, December 3, ahead of the output policy decision by the Organisation of Petroleum Exporting Countries and its allies meeting. Global benchmark Brent crude futures last rose $1.16, or 1.6 per cent, to $72.99 per barrel, while the US West Texas Intermediate crude was last up $1.16, or 1.7 …

Oil Stabilizes Ahead of OPEC Supply Meeting as Volatility Drops
Trending News
1 month ago

Oil Stabilizes Ahead of OPEC Supply Meeting as Volatility Drops

Live Mint  

-- Oil was little changed as traders watched for clues on OPEC ’s supply plans ahead of a key meeting this Thursday. “Despite the ongoing cross-currents we’ve hit a fair value that looks sticky for the short-term” with Brent at current levels, said Chris Weston, head of research for Pepperstone Group. “For now, the oil market is happy to massage …

Oil settles down as ease of supply risks drives weekly loss
1 month, 1 week ago

Oil settles down as ease of supply risks drives weekly loss

Live Mint  

By Nicole Jao NEW YORK -Oil prices edged lower on Friday and posted a weekly decline of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as OPEC is expected to extend output cuts. U.S. West Texas Intermediate crude futures fell 72 cents, or 1.05%, to …

Oil Little Changed in Thin Trading After OPEC Delays Meeting
Trending News
1 month, 1 week ago

Oil Little Changed in Thin Trading After OPEC Delays Meeting

Live Mint  

-- Oil was steady as traders watched for any further clues to OPEC ’s production plans after it delayed a key virtual meeting by four days. Prices have been buffeted by fluctuating geopolitical tensions in the Middle East, waning demand in top importer China and concerns whether President-elect Donald Trump’s upcoming policies could affect supply from Russia and Iran. “The …

China crude oil imports set for November rebound, but it’s price not demand: Russell
1 month, 2 weeks ago

China crude oil imports set for November rebound, but it’s price not demand: Russell

Live Mint  

By Clyde Russell LAUNCESTON, Australia, Nov 21 - China's crude imports are on track to rebound in November to the highest in three months, but the increasing appetite of the world's largest oil importer is more about price than rising demand. Crude oil arrivals may reach around 11.4 million barrels per day this month, the most since August and the …

Oil settles down on strong US supply, losses capped by Ukraine escalation
1 month, 2 weeks ago

Oil settles down on strong US supply, losses capped by Ukraine escalation

Live Mint  

By Georgina McCartney HOUSTON -Oil prices settled lower on Wednesday after U.S. crude and gasoline stocks rose by more than expected last week, but losses were capped by worries about the intensifying war between major oil producer Russia and Ukraine. Weak demand in the world's largest crude importer continued, with Chinese stimulus announcements failing to boost oil demand growth in …

Oil rises after investors weigh escalation of Russia-Ukraine war amid rise in US crude stock; Brent at $73
1 month, 2 weeks ago

Oil rises after investors weigh escalation of Russia-Ukraine war amid rise in US crude stock; Brent at $73

Live Mint  

International crude oil prices were steady on Wednesday, November 20, as the escalating war between major oil producer Russia and Ukraine offset a rise in US crude and gasoline stocks. Back home, crude oil futures last traded 0.56 per cent lower at ₹5,825 per barrel on the multi commodity exchange. This has put geopolitical risk back in the market However, …

Oil sheds 5% in five days on subdued China demand, slow pace of US Fed rate cuts; Brent sits 2% lower to $71
1 month, 3 weeks ago

Oil sheds 5% in five days on subdued China demand, slow pace of US Fed rate cuts; Brent sits 2% lower to $71

Live Mint  

International crude oil prices settled down more than two per cent in the previous session as investors fretted about weaker Chinese oil demand and a potential slowing in the pace of US Federal Reserve interest rate cuts after the latest macroeconomic data. Back home, crude oil futures settled 1.86 per cent lower at ₹5,660 per barrel on the multi commodity …

Oil heads for weekly loss as Chinese demand continues to underperform
Trending News
1 month, 3 weeks ago

Oil heads for weekly loss as Chinese demand continues to underperform

Live Mint  

By Nicole Jao and Gabrielle Ng SINGAPORE -Oil prices fell on Friday on signs demand in China, the world's biggest crude importer, continues to underperform amid its uneven economic recovery. The decline in run rates occurred as China's factory output growth slowed last month and demand woes in its property sector showed few signs of abating even though consumer spending …

China's weak oil demand may lead to global surplus of 1 mn barrels: How would crude prices react?
1 month, 3 weeks ago

China's weak oil demand may lead to global surplus of 1 mn barrels: How would crude prices react?

Firstpost  

The surplus could provide a buffer for prices against potential supply-side price shocks from conflicts in West Asia and other regions Low oil demand from China, supply-side shocks due to the conflict in West Asia, and increase in oil production by countries like US and Brazil are all important factors in determining crude oil price. The IEA forecasts that global …

Oil Holds Near November Lows as Traders Brace for Crude Glut
1 month, 3 weeks ago

Oil Holds Near November Lows as Traders Brace for Crude Glut

Live Mint  

-- Oil held near November lows, settling near $68 a barrel, as increasingly bearish fundamentals capped the session’s gain. In the physical market, a key supply gauge suggests a glut is coming sooner than expected, while timespreads in the futures market are flashing signs of oversupply. Also weighing on oil: OPEC cut its demand growth forecasts for a fourth consecutive …

Oil falls on Chinese stimulus disappointment, supply outlook
1 month, 4 weeks ago

Oil falls on Chinese stimulus disappointment, supply outlook

Live Mint  

By Erwin Seba HOUSTON -Oil prices fell by more than 2% on Monday after China's latest stimulus plan disappointed investors seeking demand growth in the world's second-biggest oil consumer, while supply looked set to rise in 2025. Donald Trump's U.S. election victory may continue to be affecting the market, said Phil Flynn, senior analyst for the Price Futures Group. Bank …

Oil Retreats on Weak Outlook for Chinese Demand, Stronger Dollar
1 month, 4 weeks ago

Oil Retreats on Weak Outlook for Chinese Demand, Stronger Dollar

Live Mint  

-- Oil extended declines as a soft outlook for demand in China, the world’s largest crude importer, continued to plague the market. The nearest WTI futures contract is trading at its smallest premium to the following month since June, indicating that short-term tightness in the physical oil market is easing. OPEC’s decision to delay the production increase “provided only a …

Oil crashes over 2% on disappointing China stimulus; Brent drops below $73
1 month, 4 weeks ago

Oil crashes over 2% on disappointing China stimulus; Brent drops below $73

Live Mint  

Oil prices dropped around 2 per cent on Monday, November 11, after China's stimulus plan disappointed investors, Reuters reported. The report added that Brent crude futures fell by 2.48 per cent or $1.83 to $72.04 a barrel at 2:44 pm, and US West Texas Intermediate crude futures declined by 2.71 per cent or $1.91 to $68.47 a barrel. The oil …

Oil gains 1% in five days on US elections, Fed rate cut; Brent sits 2% lower to $73 dragged by subdued China stimulus
2 months ago

Oil gains 1% in five days on US elections, Fed rate cut; Brent sits 2% lower to $73 dragged by subdued China stimulus

Live Mint  

International crude oil prices settled more than two per cent lower in the previous session as traders grew less fearful of prolonged supply disruptions from a strong hurricane in the US Gulf of Mexico, while top importer China's latest economic-stimulus packages failed to impress some oil traders. Despite Friday's losses, oil prices gained more than one per cent week-over-week, drawing …

Wall Street today: US stock indices rise slightly after hitting record highs, spotlight on Fed interest rate decision
2 months ago

Wall Street today: US stock indices rise slightly after hitting record highs, spotlight on Fed interest rate decision

Live Mint  

US stock indices rose slightly on Thursday after storming to record highs in previous session on former president Donald Trump's presidential election victory. As of 10:10 am Eastern time, the S&P 500 was up 0.5 per cent, the Dow Jones Industrial Average was up 0.1 per cent, and the Nasdaq Composite was 1.1 per cent higher. At the opening bell, …

Oil rises as investors take stock of Trump victory, US crude stocks rise
2 months ago

Oil rises as investors take stock of Trump victory, US crude stocks rise

Live Mint  

By Georgina McCartney HOUSTON -Oil prices turned positive on Wednesday after falling by more than $2, despite U.S. crude stocks rising by more than expected, according to the Energy Information Administration. Independent analyst Tina Teng said that besides a surging dollar weighing on commodity prices, a Trump presidency could see policies that may further pressure the Chinese economy, weakening oil …

Crude oil prices plummet 2.5% on strong US dollar; Brent slips below $74
2 months ago

Crude oil prices plummet 2.5% on strong US dollar; Brent slips below $74

Live Mint  

Crude oil prices slid 2.5% on Wednesday, November 6, snapping a five-day winning streak, weighed down by a stronger US dollar as early reports suggested that Republican candidate Donald Trump is edging closer to securing a second term in the White House. Crude prices have experienced notable fluctuations in recent sessions, influenced by OPEC+'s decision to delay December production plans …

Oil prices edge up on Gulf of Mexico storm ahead of US election results
2 months ago

Oil prices edge up on Gulf of Mexico storm ahead of US election results

Live Mint  

By Scott DiSavino NEW YORK -Oil prices edged up about 1% on Tuesday with a storm expected to cut U.S. output in the Gulf of Mexico and as the U.S. dollar weakened on Election Day with polls showing America's presidential race exceptionally close. BUSY WEEK AHEAD Still, risk-taking remains limited with a busy week - including the U.S. election, the …

Oil hits one-week high on weak dollar ahead of US election results; Brent nears $76/bbl, WTI extends five-day streak
2 months ago

Oil hits one-week high on weak dollar ahead of US election results; Brent nears $76/bbl, WTI extends five-day streak

Live Mint  

International crude oil prices edged one per cent higher to hit a one-week high on Tuesday, November 5, ahead of what is expected to be an exceptionally close US presidential election, after rising more than more than two per cent in the previous session as the Organisation of Petroleum Exporting Countries delayed plans to hike crude supply and production in …

Oil Prices Rise as Middle East War Rages, but China's Demand Remains a Key Factor
2 months, 2 weeks ago

Oil Prices Rise as Middle East War Rages, but China's Demand Remains a Key Factor

Live Mint  

Oil prices remain volatile as the Middle East war rages on, with Brent crude futures settling higher for the second consecutive session. China's recent efforts to stimulate its economy are expected to have a positive impact on oil demand, but it may take some time for the stimulus efforts to filter through to oil demand. Global oil inventories point to …

Oil Prices Soar as Middle East Tensions Escalate
3 months ago

Oil Prices Soar as Middle East Tensions Escalate

The Hindu  

Oil prices extend upward march on Mideast tensions, with Brent North Sea crude reaching close to $80 per barrel on Monday. The rise is partly attributed to concerns about geopolitical unrest in the Middle East, but also to hopes of stronger Chinese demand after Beijing recently announced major stimulus measures to boost its flagging economy.

Oil prices jump again on worries about the Middle East as Wall Street fades
3 months ago

Oil prices jump again on worries about the Middle East as Wall Street fades

LA Times  

Crude prices jumped Thursday on worries that worsening tensions in the Middle East could disrupt the global flow of oil, while U.S. stocks pulled back further from their records. One showed growth for real estate, healthcare and other U.S. services businesses accelerated to its strongest pace since February 2023 and topped economists’ expectations, though employment trends may be slowing. Outside …

Oil Prices Slide as Supply Outshines Demand, but Libya's Output Remains a Factor
3 months, 1 week ago

Oil Prices Slide as Supply Outshines Demand, but Libya's Output Remains a Factor

Hindustan Times  

Oil prices fell on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over escalating conflict in the Middle East. A panel of top ministers from the OPEC producer group meets on Oct. 2 to review the market, with no policy changes expected. The possibility of Libyan oil output recovering also weighed on the market.

Lebanon crisis: Oil prices climb on Middle East tensions
3 months, 2 weeks ago

Lebanon crisis: Oil prices climb on Middle East tensions

Hindustan Times  

Oil prices rose on Tuesday on news of monetary stimulus from top importer China and concerns that tensions in the Middle East could hit regional supply, while a major hurricane loomed over the United States, the world's biggest crude producer. The crude oil market has been looking desperately towards Chinese authorities for further easing measures to counter the economic slowdown," …

Investors turned more bearish on oil last week than ever
3 months, 3 weeks ago

Investors turned more bearish on oil last week than ever

The Hindu  

Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak demand in top consuming nations. Negative sentiment swept oil markets so strongly that short positions on Brent crude overtook long positions for the first time, data from the Intercontinental Exchange showed on Friday. “This …

Oil Rebounds After Brutal Week as Traders Take Stock of Outlook
4 months ago

Oil Rebounds After Brutal Week as Traders Take Stock of Outlook

Live Mint  

Oil rose from its lowest close since 2021 after a deep weekly loss pushed futures close to levels regarded as oversold, with the focus this week on three reports that may clarify the demand outlook. Traders are in line for bumper crop of market insights this week as the three most prominent forecasters — OPEC, the Energy Information Administration and …

Oil stabilises as signs of economic slowdown clash with Fed rate cut hopes; brent crude at $85.09/bbl
5 months, 3 weeks ago

Oil stabilises as signs of economic slowdown clash with Fed rate cut hopes; brent crude at $85.09/bbl

Live Mint  

Oil prices remained largely unchanged on Thursday as investors grappled with conflicting signals about crude demand. Concerns about a potential economic slowdown in the U.S. were balanced by rising expectations that the Federal Reserve might soon cut interest rates. “Crude Oil prices have recovered from above key support levels with NYMEX crude recovering from $79-$79.5 and MCX crude from above …

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