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Global oil prices fell in European trade on Tuesday on track for the third profit in a row away from six-month highs amid active profit-taking, and ahead of initial US inventory data. Israel withdrew its forces from Khan Yunis in Gaza, with the troop level in the zone becoming the...
Oil prices declined on Monday but trimmed their losses in an attempt to steady the pace after last week’s gains. Goldman Sachs’ analysts expect Brent prices to hold below $100 in 2024, as global supplies are expected to carry on with no additional major hits, with current geopolitical tensions already...
Oil prices declined in European trade on Friday for the first time in seven days off six-month highs on active profit-taking. Prices are heading for the fourth weekly profit in a row amid rising geopolitical tensions in Europe and the Middle East, which threatens global supplies. Global Prices US crude...
Global oil prices rose in European trade on Wednesday on track for the fifth profit in a row, scaling a six-week high as Brent approaches $90 due to concerns about global supply disruptions. The OPEC+ technical meeting wrapped up today without changes in production policies, with traders now awaiting official...
Oil prices rose on Tuesday amid mounting geopolitical tensions in the Middle East, while Ukraine intensified its attacks on Russian energy infrastructure. A guided Ukrainian plane executed airstrikes against Russia’s third largest oil refinery, following a similar series of attacks in March, which curtailed Moscow’s refinery capacity by 14%. Tomorrow,...
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit one-week highs while on track to retest four-month highs following strong US growth data. US GDP Data Recent data showed US GDP growth at 3.4% in the fourth quarter of 2023, beating expectations of...
The Energy Information Administration reported a buildup of 3.2 million barrels in US crude stocks last week, while analysts expected a drop of 1.2 million barrels. Gasoline stocks rose 1.3 million barrels to 232.1 million barrels, while distillate stocks fell 1.2 million barrels to 117.3 million barrels. ...
Oil prices declined in European trade on Wednesday, extending losses for the second session, with US crude falling below $81, while Brent hit two-week lows after initial data showed a surge in US crude stocks. Now traders await official EIA data later today, still expected to show the third weekly...
Global oil prices rose in European trade on track for the second profit in a row, with US crude approaching its highest level this year, while Brent traded above $86 a barrel on current global supply concerns. Ukraine continues to intensify its drone attacks against Russian oil refineries, while the...
Global oil prices fell in European trade on Thursday away from four-month highs on active profit-taking, and under pressure from the dollar. The losses are stymied by recent data that showed a drop in US crude stocks for the second straight week in a positive sign for demand. Global Oil...
The Energy Information Administration reported a drop of 2 million barrels in US crude stocks last week to a toal of 445 million barrels, while analysts expected a drop of 1.2 million barrels. Gasoline stocks fell 3.3 million barrels to 230.8 million barrels, as distillate stocks rose by 0.6 million...
Global oil prices fell in European trade on Wednesday for the first time in six sessions, moving off four-month highs on profit-taking as dollar heaps pressure. The losses are stymied by initial data that showed a drop in US crude stocks last week, with traders awaiting official EIA data later...
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