Oil Steady as Prospect of More Supply Offsets Middle East Conflict Worries
"The risk of supply disruptions in the Middle East are being offset by the prospect of production hikes from OPEC. Despite its efforts to stabilise the oil market, prices have remained under pressure," they added. OPEC+, which groups OPEC members and allies such as Russia, is scheduled to raise output by 180,000 barrels per day in December.
Israel launched a ground offensive against Hezbollah targets in southern Lebanon on Tuesday in a marked escalation of ...
Oil prices were little changed on Tuesday as stronger supply prospects and tepid global demand growth outweighed worries that ...
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...
Last week, the Financial Times reported that Saudi Arabia was ready to abandon its unofficial price target of $100 a barrel ...
Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over ...
The MSCI global equities index fell on Monday, and the dollar rose after Federal Reserve Chair Jerome Powell suggested that ...
WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of ...
Oil futures ended Monday with losses for the session, month and quarter, pressured by expectations that major oil producers ...
MSCIs global equities index declined on Monday as Federal Reserve Chair Jerome Powell indicated that the central bank is not ...
Crude oil futures rise as Israel invades Lebanon, impacting prices; market awaits OPEC+ production increase and China data.
Oil prices ticked lower on Monday, after rising earlier in the session, as some traders shrugged off Middle East escalation ...
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