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 is the ceiling,with opportunities on the short side.” The commodity earlier grazed October highs after Saudi Arabia hiked oil prices to Asian customers, a vote of confidence for crude demand. Last week, crude broke out of its narrow trading range as US stockpiles fell for the sixth straight week while inventories at the vital storage hub of Cushing, Oklahoma, held at a 17-year seasonal low.

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History of this topic

Oil inches up, but uncertainty over sanctions impact caps gains
5 hours, 46 minutes ago

Oil inches up, but uncertainty over sanctions impact caps gains

Live Mint  

By Emily Chow and Jeslyn Lerh SINGAPORE -Oil prices rose on Wednesday trimming losses from the previous day, as the focus turned back to potential supply disruptions from sanctions on Russian tankers, though gains were capped as the market awaited more clarity on their impact. Prices slipped on Tuesday after the U.S. Energy Information Administration predicted oil would come under …

Rupee dives 55 paise, deepest in nearly two years, to hit record low of 86.59 against US dollar
2 days, 2 hours ago

Rupee dives 55 paise, deepest in nearly two years, to hit record low of 86.59 against US dollar

Live Mint  

Mumbai, The rupee logged its steepest fall in nearly two years, plunging 55 paise to hit a historic low of 86.59 against the US dollar during mid-session on Monday due to strengthening of the American currency and surging crude oil prices. The fall of 55 paise, or 0.65 per cent, in one session was the steepest since February 6, 2023 …

Rupee crashes 27 paise to hit all-time low of 86. 31 against US dollar in early trade
2 days, 11 hours ago

Rupee crashes 27 paise to hit all-time low of 86. 31 against US dollar in early trade

New Indian Express  

MUMBAI: The rupee has made one of its worst opening sessions on Monday, plumbing past the 86 level, losing as many as 27 paise to touch 86.31, after a blowout US jobs report has left the market believing that the likelihood of the Federal Reserve leaving the rates high for longer than expected. Forex traders told the TNIE that a …

Sensex, Nifty extend losses into 3rd session on surging crude prices, FII outflows
4 days, 23 hours ago

Sensex, Nifty extend losses into 3rd session on surging crude prices, FII outflows

The Hindu  

Equity benchmark indices Sensex and Nifty nursed losses for the third consecutive session on Friday, in lockstep with a weak trend in global equities as concerns over economic growth and a slowdown in quarterly earnings sapped investors’ risk appetite. Surging crude oil prices and a strengthening dollar index also contributed to the weak trend in equities. “Domestic market sentiment remained …

Oil Jumps to Three-Month High as Cold Snap Tightens Inventories
5 days ago

Oil Jumps to Three-Month High as Cold Snap Tightens Inventories

Live Mint  

-- Oil rose to a three-month high after another contraction in US crude stockpiles, driven by frigid winter weather, reflected a tighter global market. “All one needs to do when assessing the current state of the oil market is to look at assorted spreads,” said Tamas Varga, an analyst at brokers PVM Oil Associates Ltd. in London. “They imply genuine …

Oil prices extend losses on rising U.S. fuel inventories
6 days, 9 hours ago

Oil prices extend losses on rising U.S. fuel inventories

Live Mint  

By Yuka Obayashi TOKYO, Jan 9 - Oil prices fell on Thursday, extending losses from the previous day, pressured by large builds in U.S. fuel inventories last week, though concerns over tighter supplies from OPEC members and Russia capped the decline. Gasoline stocks rose by 6.3 million barrels last week to 237.7 million barrels, the U.S. Energy Information Administration said …

Oil prices extend losses, firmer dollar and supply outlook weigh
1 week, 1 day ago

Oil prices extend losses, firmer dollar and supply outlook weigh

Live Mint  

By Colleen Howe BEIJING, Jan 7 - Oil prices extended losses into a second straight session on Tuesday on technical correction after last week's rally, while forecasts for ample supply and a firm dollar also weighed. Both benchmarks rose for five days in a row last week and settled at their highest levels since October on Friday, partly due to …

Oil Climbs in Year’s First Session With US Stockpiles in Focus
Trending News
1 week, 6 days 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, …

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 …

Brent crude outlook bearish on oversupply, grim oil demand; 2025 average pegged at $74 after hitting $80 in 2024
1 week, 6 days ago

Brent crude outlook bearish on oversupply, grim oil demand; 2025 average pegged at $74 after hitting $80 in 2024

Live Mint  

Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts to shore up the market. Brent crude would average $74.33 per barrel in 2025, down from a forecast of $74.53 in November, marking an eighth straight downward revision. Most …

Oil logs weekly gain in holiday-thinned trade on low US crude stock, China stimulus outlook; Brent sits at $74/bbl
2 weeks, 3 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
2 weeks, 5 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
2 weeks, 5 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
2 weeks, 5 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, 5 days 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 …

Stocks rally as investors cheer US inflation relief
3 weeks, 2 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 sheds 3% in 5 days on US Fed rate cut outlook, weak Chinese demand; Brent slips below $73/bbl
3 weeks, 4 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 …

Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade
3 weeks, 6 days ago

Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade

The Hindu  

The rupee dropped 12 paise to an all-time low of 85.06 against the US dollar in early trade on Thursday, as a hawkish tilt from the US Federal Reserve sparked a broad dollar rally. Forex traders said the US Federal Reserve has adjusted its projections for 2025, signalling a more cautious monetary policy stance, pressuring emerging market currencies, including the …

Oil settles up after US crude stocks fall, Fed’s 2025 outlook curbs gains
4 weeks 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 Halts Two-Day Drop as Report Points to Big US Stockpile Draw
4 weeks ago

Oil Halts Two-Day Drop as Report Points to Big US Stockpile Draw

Live Mint  

Oil steadied after a two-day drop as an industry report signaled a sizable drawdown in US commercial crude inventories. The American Petroleum Institute said US stockpiles shrank by 4.7 million barrels last week, which would be a fourth straight decline if confirmed by official figures later Wednesday. That’s been tempered by lackluster Chinese demand and expectations for robust production from …

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

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, 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 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 …

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

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 …

Sensex plunges nearly 800 points: 4 factors behind stock market turbulence
1 month, 2 weeks ago

Sensex plunges nearly 800 points: 4 factors behind stock market turbulence

India Today  

Benchmark stock market indices experienced a sharp decline on Thursday, erasing gains from the previous session. Here are four key factors driving the market’s decline: US INFLATION DATA AND INTEREST RATE CONCERNS The overnight US inflation data revealed stronger-than-expected consumer spending in October, raising fears of a slower rate-cut trajectory. Concerns over the U.S. rate-cut trajectory directly impact IT and …

Oil rises after investors weigh escalation of Russia-Ukraine war amid rise in US crude stock; Brent at $73
1 month, 3 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, …

Rupee rises 8 paise to 84.38 against US dollar in early trade
1 month, 4 weeks ago

Rupee rises 8 paise to 84.38 against US dollar in early trade

Deccan Chronicle  

The rupee recovered from its lowest level and appreciated by 8 paise to 84.38 against the US dollar in early trade on Monday despite a stronger American currency and sustained outflow of foreign funds. Lower level of crude oil prices in the international market supported the recovery of local unit, forex traders said.At the interbank foreign exchange, the rupee opened …

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, 4 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 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 Retreats on Weak Outlook for Chinese Demand, Stronger Dollar
2 months 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 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 …

Oil rises as investors take stock of Trump victory, US crude stocks rise
2 months, 1 week 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, 1 week 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, 1 week 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, 1 week 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 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 Prices Rise as Middle East War Rages, but China's Demand Remains a Key Factor
2 months, 3 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, 1 week 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.

Saudi minister warns of $50 oil as OPEC+ members flout production curbs
3 months, 1 week ago

Saudi minister warns of $50 oil as OPEC+ members flout production curbs

Live Mint  

The Saudi oil minister has said that prices could drop to as low as $50 per barrel if so-called cheaters within OPEC+ don’t stick to agreed-upon production limits, according to delegates in the cartel. But geopolitical tensions have persisted for months without meaningful effect on oil prices, and the declines have been frustrating for Saudi officials in part because other …

Oil Prices Slide as Supply Outshines Demand, but Libya's Output Remains a Factor
3 months, 2 weeks 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, 3 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, 4 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 …

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