Oil Steady After OPEC Once Again Delays Plan to Restore Output
1 month, 1 week ago

Oil Steady After OPEC Once Again Delays Plan to Restore Output

Live Mint  

-- Oil was steady after OPEC ’s decision to push back the revival of shuttered production by another three months failed to lift sentiment in a market that’s expected to suffer from a glut next year. “OPEC has given a robust indication that it continues to be willing to balance the oil market,” Morgan Stanley analysts including Martijn Rats said in a report. The delayed start to the relaxation of curbs, the longer timeframe for the unwind, as well as an agreement from the United Arab Emirates to push back an increase in its base target would reduce by 61% the amount of oil that would be added by OPEC next year, according to Standard Chartered Plc. “We do not think the market has priced in the full extent of how much oil has been removed,” StanChart analysts including Emily Ashford and Paul Horsnell said in a note, estimating the new plan would see a rise of 191.3 million barrels over 2025, down from 496.3 million under the prior approach.

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History of this topic

Oil Falls as Technicals Signal Five-Session Rally Is Overdone
1 week, 1 day ago

Oil Falls as Technicals Signal Five-Session Rally Is Overdone

Live Mint  

-- Oil is on track to snap a five-session rally as key technical markers show gains driven by tightness in global physical crude markets may have gone too far. “Fundamentals have improved enough for crude prices to find a floor, but not enough to sustain a durable rally,” said Jon Byrne, an analyst at Strategas Securities. At the moment, “$75 …

Oil rises as investors return from holidays, eye China recovery
Trending News
1 week, 6 days 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 …

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

Oil Holds Drop as OPEC Decision on Supply Takes the Spotlight
1 month, 1 week 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, 1 week 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, 1 week 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 …

Brent shy of $73, US WTI sheds over 4% in 5 days on easing supply risk: Goldman Sachs in favor of OPEC+ cuts
1 month, 2 weeks ago

Brent shy of $73, US WTI sheds over 4% in 5 days on easing supply risk: Goldman Sachs in favor of OPEC+ cuts

Live Mint  

International crude oil prices edged lower in the previous session to log a weekly decline of more than three per cent, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as the Organisation of Petroleum Exporting Countries and its allies is expected to extend output cuts. According to news …

Oil Drifts Lower in Thin Trading on Cease-Fire, OPEC Delay
1 month, 2 weeks ago

Oil Drifts Lower in Thin Trading on Cease-Fire, OPEC Delay

Live Mint  

-- Oil drifted lower in thin post-holiday trading on uncertainty about OPEC ’s production plans and the durability of a truce between Israel and Lebanon-based Hezbollah. “The market appears to be brushing off concerns that the delay in the OPEC meeting signals internal disagreements within the group,” said Rebecca Babin, senior energy trader at CIBC Private Wealth Group. Prices have …

Oil settles down as ease of supply risks drives weekly loss
1 month, 2 weeks 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, 2 weeks 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 …

Oil Holds Near November Lows as Traders Brace for Crude Glut
2 months 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 Prices Fall as Reality of Weak Global Demand Takes Center Stage Again
2 months, 2 weeks ago

Oil Prices Fall as Reality of Weak Global Demand Takes Center Stage Again

Associated Press  

Oil prices are falling as the reality of weak global demand takes center stage again. The price of benchmark U.S. crude tumbled 6% Monday after a weekend retaliatory strike by Israel on Iran targeted military sites rather than the oilfields of the world's seventh largest producer of crude. This puts the price of a barrel of U.S. crude well under …

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 …

Russian deputy PM says global oil market will be balanced from second half of 2024
6 months ago

Russian deputy PM says global oil market will be balanced from second half of 2024

The Hindu  

Russian Deputy Prime Minister Alexander Novak said on Monday the global oil market will be balanced in the second half of the year and thereafter, thanks to the OPEC+ deal on production supply. OPEC+, which groups the Organization of the Petroleum Exporting countries and allies such as Russia, has implemented a series of output cuts since late 2022 to support …

Crude oil extends decline despite geopolitical tensions; 4 key reasons weighing on prices
7 months, 3 weeks ago

Crude oil extends decline despite geopolitical tensions; 4 key reasons weighing on prices

Live Mint  

Crude oil prices extended decline on Tuesday with the global benchmark Brent oil falling over a percent. The fall in crude oil prices comes despite the ongoing geopolitical tensions and ahead of the meeting of the Organization of the Petroleum Exporting Countries and its affiliates, together known as OPEC+ on supply. Here are the key reasons why crude oil prices …

Oil set for weekly gain as demand signs, geopolitics seen as positives
8 months ago

Oil set for weekly gain as demand signs, geopolitics seen as positives

Hindustan Times  

By Katya Golubkova and Sudarshan Varadhan Oil set for weekly gain as demand signs, geopolitics seen as positives SINGORE, - Oil rose on Friday, set for a weekly gain, as data this week from the U.S. and China, the world's two largest crude users, pointed to higher demand and continuing uncertainty over the Gaza war supported prices. Falling U.S. crude …

Oil set for weekly gain as demand signs, geopolitics seen as positives
8 months ago

Oil set for weekly gain as demand signs, geopolitics seen as positives

Hindustan Times  

By Katya Golubkova and Sudarshan Varadhan Oil set for weekly gain as demand signs, geopolitics seen as positives SINGORE -Oil rose on Friday, set for a weekly gain, as data this week from the U.S. and China, the world's two largest crude users, pointed to higher demand and continuing uncertainty over the Gaza war supported prices. Falling U.S. crude inventories …

Petroleum minister discusses ongoing market volatility with Opec secretary-general
8 months, 3 weeks ago

Petroleum minister discusses ongoing market volatility with Opec secretary-general

Live Mint  

New Delhi: Hardeep Singh Puri, India’s Union minister for petroleum and natural gas, on Friday discussed with Haitham Al-Ghais, the secretary-general of the Organization of the Petroleum Exporting Countries, the ongoing volatility in the energy market due to the Iran-Israel conflict. {{^adFree}} {{/adFree}} “As one of the world’s fastest-growing economies, India is committed to supporting efforts to achieve balance in …

Three surprises that could inflame commodity markets in 2024
9 months, 1 week ago

Three surprises that could inflame commodity markets in 2024

Hindustan Times  

As Russia continues to pound Kyiv, Western sanctions are beginning to cripple Arctic LNG 2, the aggressor’s largest gas-export project. In Europe manic buying since the start of Russia’s war and a mild winter have helped keep gas-storage levels at around 90% of capacity, well above the five-year average. Naval tit-for-tats could jolt prices, though rising output from OPEC+, and …

Oil rises over $1 on tighter supply, stays on track for 3rd monthly gain ahead of OPEC decision; Brent hits $87
9 months, 2 weeks ago

Oil rises over $1 on tighter supply, stays on track for 3rd monthly gain ahead of OPEC decision; Brent hits $87

Live Mint  

International crude oil prices rebounded and rose by more than $1 per barrel on Thursday, March 28, after falling for two consecutive sessions ahead of the policy decision by the Organisation of Petroleum Exporting Countries. Brent crude futures for May were last up $1.21, or 1.4 per cent, at $87.30 per barrel, while the more actively traded June contract rose …

Three surprises that could inflame commodity markets in 2024
1 year ago

Three surprises that could inflame commodity markets in 2024

Live Mint  

As Russia continues to pound Kyiv, Western sanctions are beginning to cripple Arctic LNG 2, the aggressor’s largest gas-export project. In Europe manic buying since the start of Russia’s war and a mild winter have helped keep gas-storage levels at around 90% of capacity, well above the five-year average. Naval tit-for-tats could jolt prices, though rising output from OPEC+, and …

Oil jumps to 7-month high-level on tighter supply; Brent crude scores $88/bbl
1 year, 4 months ago

Oil jumps to 7-month high-level on tighter supply; Brent crude scores $88/bbl

Live Mint  

Oil prices continued its gaining streak and opened the first session of September by scoring a seven month-high-mark -the highest in over half a year and were on track to snap a two-week losing streak, buoyed by expectations of tightening supplies. Saudi Arabia is widely expected to extend a voluntary 1 million barrel per day oil production cut into October, …

Oil Prices Surge Ahead of OPEC+ Meeting, Easing Debt Ceiling Concerns
1 year, 7 months ago

Oil Prices Surge Ahead of OPEC+ Meeting, Easing Debt Ceiling Concerns

News 18  

Oil prices rose on Thursday by the most in two weeks ahead of an OPEC+ meeting on Sunday, while House of Representatives passage of a bill to suspend the U.S. debt ceiling helped to offset the impact of rising inventories in the country. “The successful debt ceiling negotiations clear that minefield, but the overall demand outlook is still murky – …

Oil prices remain steady as high inventories balance US debt bill development
1 year, 7 months ago

Oil prices remain steady as high inventories balance US debt bill development

Live Mint  

Oil prices held steady on Thursday as news of rising inventories in the largest oil consumer in the world overshadowed likely pauses in US interest rate hikes and the passage of the crucial vote on the US debt ceiling bill. While US West Texas Intermediate crude declined by 16 cents, or 0.23%, to $67.93, Brent crude futures dropped 17 cents, …

Oil Prices Today: Oil sinks on US inflation anxiety, sudden rise in inventories
1 year, 8 months ago

Oil Prices Today: Oil sinks on US inflation anxiety, sudden rise in inventories

Live Mint  

Oil prices dropped on May 10, ending a three-day rally as an unexpected rise in US oil inventories sparked demand concerns and markets saw cautious trading as investors' anxiety as they await inflation data. Surprise increase to US crude oil inventories US crude inventories rose by about 3.6 million barrels in the week ended May 5 while petrol stockpiles rose …

Oil Prices Today: Oil edges lower in cautious trade ahead of US inflation data
1 year, 8 months ago

Oil Prices Today: Oil edges lower in cautious trade ahead of US inflation data

Live Mint  

Oil prices edged lower on May 9, relinquishing some of the strong gains of the previous two sessions amid cautious trading ahead of US inflation data for April, which will be key to the Federal Reserve's next interest rate decision. The oil cartel last cut crude output in April with an aim to provide market stability, as per Saudi Arabia, …

Oil prices today: Oil edges higher as US recession fears fade on jobs report
1 year, 8 months ago

Oil prices today: Oil edges higher as US recession fears fade on jobs report

Live Mint  

Oil prices rose on May 8 as US recession worries eased on healthy jobs report for April that supported crude to climb 4 per cent before the weekend. Oil edged higher even though the US labour market data could allow the Federal Reserve to keep interest rates higher for a longer period of time. US WTI was up 4 per …

Oil set for weekly gain on signs of tight supply, China comeback
2 years ago

Oil set for weekly gain on signs of tight supply, China comeback

Live Mint  

Oil headed for the biggest weekly gain since early October on signs of tightening supply and the prospect for improved Chinese demand, despite downward pressure from interest-rate hikes. There are indications that Russian flows to Asia are dipping because of the price cap, while the International Energy Agency predicted this week that oil prices could rally next year as sanctions …

Oil prices slide on concerns over China's demand amid COVID restrictions
2 years, 1 month ago

Oil prices slide on concerns over China's demand amid COVID restrictions

The Hindu  

Oil prices dropped in early trade on Tuesday, weighed down by concerns about slowing fuel demand in top crude importer China amid strict COVID-19 curbs. "Bearish moods toward oil prices are spreading in Asia due to concerns about a decline in China's demand while the rare protests over the weekend also raised fears over the impact on the Chinese economy," …

OPEC agrees to produce slightly more oil as recession fears loom
2 years, 5 months ago

OPEC agrees to produce slightly more oil as recession fears loom

CNN  

London CNN Business — The world’s oil-exporting countries have agreed to a tiny increase in output next month amid fears that a global recession will crimp demand. Brent crude and West Texas Intermediate crude — the North American benchmark — both rose initially on Wednesday after OPEC’s announcement, as oil investors expected a bigger increase in production. “As a production …

OPEC+ alliance boosts oil production as energy prices soar
2 years, 7 months ago

OPEC+ alliance boosts oil production as energy prices soar

Associated Press  

LONDON — The OPEC oil cartel and allied producing countries including Russia will raise production by 648,000 barrels per day in July and August, offering modest relief for a global economy suffering from soaring energy prices. “The United States will continue to use all tools at our disposal to address energy prices pressures.” Biden administration officials have recently visited Saudi …

Oil prices rises as market weighs OPEC filling Russia supply gap
2 years, 10 months ago

Oil prices rises as market weighs OPEC filling Russia supply gap

The Hindu  

Oil prices rose on March 10 following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine. UAE Energy Minister Suhail al-Mazrouei said on Twitter late on Wednesday his country is committed to the existing agreement …

Oil rises as OPEC+ poised to act if demand weakens
3 years, 1 month ago

Oil rises as OPEC+ poised to act if demand weakens

Live Mint  

Oil prices climbed on Friday after the producer group OPEC+ said it could review its policy to hike output at short notice if oil demand collapsed due to a rising number of pandemic lockdowns. Better said, OPEC+ is banking on the new Omicron variant not having a lasting impact on oil demand," PVM said in a note. OPEC+ said that …

OPEC was waning. Soon it may be more powerful than ever
3 years, 1 month ago

OPEC was waning. Soon it may be more powerful than ever

CNN  

London CNN Business — The year before Covid-19 hit, the United States became a net exporter of energy for the first time since 1952, sending a strong message to the rest of the world: The country would not be beholden to foreign oil producers. The group’s refusal to accede to US President Joe Biden’s calls to boost output — a …

OPEC+ snubs Biden’s plea to pump more oil
3 years, 2 months ago

OPEC+ snubs Biden’s plea to pump more oil

Al Jazeera  

The cartel agreed to stick to its original plan to hike output by 400,000 bpd, rejecting calls to loosen the taps to cool prices. OPEC and its allies on Thursday decided to stick to their original plan to boost output by 400,000 barrels per day, rejecting pleas by United States President Joe Biden to pump more oil to cool red-hot …

Oil edges higher as producers assess Hurricane Ida damage
3 years, 4 months ago

Oil edges higher as producers assess Hurricane Ida damage

Al Jazeera  

While Gulf of Mexico oil producers had shut in about 1.7 million barrels a day of crude output ahead of the storm, refineries in the US state of Louisiana may be slower to resume operations. Oil edged higher in New York as offshore explorers assess damage from Hurricane Ida and as investors shift focus to an OPEC+ meeting that could …

Oil Falls $1 After OPEC+ Agreement on Boosting Supply
3 years, 5 months ago

Oil Falls $1 After OPEC+ Agreement on Boosting Supply

News 18  

TOKYO: Oil prices fell more than $1 a barrel on Monday, after the OPEC+ group of producers overcame internal divisions and agreed to boost output, sparking some concerns about a crude surplus as COVID-19 infections continue to rise in many countries. OPEC+ ministers agreed on Sunday to increase oil supply from August to cool prices that earlier this month climbed …

Oil Prices Stabilise Amid Collapse of OPEC+ Talks; Brent Crude Oil Up by $73.45
3 years, 6 months ago

Oil Prices Stabilise Amid Collapse of OPEC+ Talks; Brent Crude Oil Up by $73.45

News 18  

SINGAPORE: Oil prices steadied after two days of losses amid uncertainty over supply after the collapse this week of talks among major producers which could potentially cause the current output agreement to be abandoned. Brent prices have fallen nearly 5% since Monday’s close after talks between the Organization of the Petroleum Exporting Countries and its allies, including Russia, known as …

Oil Falls In Volatile Trade As Investors Seek OPEC Clarity
3 years, 6 months ago

Oil Falls In Volatile Trade As Investors Seek OPEC Clarity

News 18  

NEW YORK: Oil prices fell more than $1 a barrel on Wednesday in another seesaw trading session, as investors feared this week’s collapse in OPEC+ talks could mean more supply, not less, is on the way. Crude markets have been volatile over the last two days following the breakdown of discussions between major oil producers Saudi Arabia and United Arab …

Oil Prices Rise to $75 per Barrel; Future Looks Uncertain After Failed OPEC+ Talks
3 years, 6 months ago

Oil Prices Rise to $75 per Barrel; Future Looks Uncertain After Failed OPEC+ Talks

News 18  

LONDON: Oil rose to $75 a barrel on Wednesday with support coming from a tight market, after a steep drop from multi-year highs in the previous session amid uncertainty about OPEC+ supply policy. Without extra supply, the market may tighten further but disagreement among the producers could prompt them to open the taps and chase market share. “For all the …

Oil prices surge after OPEC+ calls off talks
3 years, 6 months ago

Oil prices surge after OPEC+ calls off talks

CNN  

New York / London CNN Business — Oil prices soared on Tuesday after major producers, including Saudi Arabia and the United Arab Emirates, fell out over plans to increase production in the face of rising global demand. The surge comes after the Organization of Petroleum Exporting Countries and its allies, including Russia and Mexico, canceled a Monday meeting to discuss …

Gas prices above $3: OPEC needs to pump way more oil
3 years, 6 months ago

Gas prices above $3: OPEC needs to pump way more oil

CNN  

New York CNN Business — American drivers need OPEC and Russia to come to the rescue. Global oil demand is currently near 97.5 million barrels per day and will rise by another 2.2 million barrels by the end of the year, according to a recent Goldman Sachs report. That’s why Goldman Sachs analysts concluded: “Ultimately, much more OPEC+ supply will …

OPEC sticks to 2021 oil demand growth forecast despite Indian COVID crisis
3 years, 8 months ago

OPEC sticks to 2021 oil demand growth forecast despite Indian COVID crisis

Live Mint  

OPEC on Tuesday stuck to its prediction of a strong recovery in world oil demand in 2021 as growth in China and the United States counters the coronavirus crisis in India, an outlook that bolsters the group's plan to gradually ease output cuts. "India is currently facing severe COVID-19-related challenges and will therefore face a negative impact on its recovery …

Oil prices slip as Suez Canal opens, focus turns to OPEC+ output cuts
3 years, 9 months ago

Oil prices slip as Suez Canal opens, focus turns to OPEC+ output cuts

Business Standard  

The logo of the Organization of the Petroleoum Exporting Countries is seen at OPEC's headquarters in Vienna, Austria | Photo: Reuters By Ahmad Ghaddar LONDON - Oil prices fell on Tuesday as the Suez Canal reopened to traffic, while focus turned to an OPEC+ meeting this week that is likely to agree an extension to supply curbs amid disappointing demand …

Oil price rises put Opec under pressure
3 years, 10 months ago

Oil price rises put Opec under pressure

The Telegraph  

"Despite the turbulence, we project Brent to average $50 to $70 out to 2026, and we believe prices could spike to $100 over this period," wrote Bank of America’s Francisco Blanch in a recent note. It's not oil over "It's tempting to join this bandwagon of oil supercycle predictions, but so far our supply data, Covid lockdowns and vaccine assumptions …

Stocks week ahead: $3 gasoline could be around the corner – unless OPEC and Russia start pumping more oil
3 years, 10 months ago

Stocks week ahead: $3 gasoline could be around the corner – unless OPEC and Russia start pumping more oil

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. New York CNN Business — OPEC and Russia’s unprecedented production cuts last spring lifted oil prices out of a death spiral. Indeed, sources within OPEC+ told Reuters last week that an output increase of half a million barrels per day beginning in April is possible without …

Texas’s big freeze pushes oil prices to 13-month highs
3 years, 10 months ago

Texas’s big freeze pushes oil prices to 13-month highs

Al Jazeera  

Oil prices have rallied again to hit 13-month highs as concerns that a rare cold snap in the US state of Texas could disrupt crude output in the United States for days or even weeks prompted investors to buy energy futures. Vaccine booster “Oil prices got a boost again from expectations that the disruptions of Texas oil producers and refiners …

Oil Steady as Demand Worries Revive, Crews Return to US Gulf Rigs
4 years, 3 months ago

Oil Steady as Demand Worries Revive, Crews Return to US Gulf Rigs

News 18  

Oil prices were mixed in early trade on Thursday, just clinging to overnight gains, as concerns about weak fuel demand were in the frame again after Hurricane Sally blasted through the Gulf of Mexico into the southeastern United States. Prices were mostly in negative ground in early trade after a bigger than expected rise in US distillate stockpiles, which include …

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