Thursday, February 6, 2025
Oil rises on stronger US fuel demand, delay to OPEC+ supply hike- oil and gas 360

Oil rises on stronger US fuel demand, delay to OPEC+ supply hike

(Investing) – HOUSTON – Oil prices rose on Thursday as investors priced in stronger U.S. fuel demand and the potential for OPEC+ to delay a planned output increase in December, five days ahead of the U.S. election. Brent futures rose by 54 cents, or 0.74%, to $73.09 a barrel by 1:09 p.m. EDT. WTI futures were up 51 cents, or 0.74%, at

Oil prices climb 2% on US storm and Israel-Iran fears- oil and gas 360

Oil prices climb 2% on US storm and Israel-Iran fears

(Yahoo Finance) – NEW YORK – Oil prices climbed about 2% on Thursday on a spike in U.S. fuel use before Hurricane Milton barrelled across Florida, Middle East supply risks and signs that demand for energy could grow in the U.S. and China. Brent futures rose $1.62, or 2.1%, to $78.20 a barrel by 11:26 a.m. EDT (1526 GMT), while U.S.