Yahoo Finance Oil prices will not change much in the second half of 2024 as concerns around demand from China and prospects of higher supply from key producers counter risks from geopolitical tensions, a Reuters poll indicated on Friday. A poll of 44 analysts and economists surveyed by Reuters in the last two weeks forecast the global benchmark, Brent crude
Nasdaq The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply resulting partly from concern about shipping delays due to vessels avoiding the Red Sea, according to traders, LSEG data and analysts. The disruptions have combined with other factors such as outages and rising Chinese demand to increase competition for crude supply that
Investing Oil prices fell slightly on Thursday, with Brent crude holding close to January highs, as speculation about another U.S. interest rate hike faded following inflation data and OPEC remained positive on the oil demand outlook. Both benchmarks have been on a sustained rally since June, with WTI trading at its highest this year on Thursday and Brent hitting its highest price
BOE Report Oil prices rose 1% on Thursday on expectations that demand will strengthen as top oil importer China reopens its economy and on news U.S. crude inventories have risen less than expected. U.S. West Texas Intermediate (WTI) crude futures were up $1.65, or 2.05%, at $82.06. Brent crude futures rose $1.70, or 1.97%, to $87.94 a barrel. “China’s reopening
BOE Report Crude oil prices edged higher in Asian trade on Tuesday amid hopes of a fuel demand recovery from top importer China, although concerns about a slowdown in the U.S. economy capped gains. U.S. West Texas Intermediate (WTI) crude rose 15 cents, or 0.18% to $81.74 per barrel after climbing to $81.88 earlier in the session. Brent crude
Nasdaq SINGAPORE – Oil prices dipped in early Asian trade on Monday, but held close to the highest levels since the start of the year on optimism that China’s reopening will lift fuel demand at the world’s top crude importer. Brent crude LCOc1 fell 36 cents, or 0.4%, to $84.92 a barrel by 0116 GMT while U.S. West Texas Intermediate crude CLc1 was at
Yahoo Finance LONDON – Oil prices slipped on Tuesday as recession concerns and worsening COVID-19 outbreaks in top crude importer China heightened fears of lower fuel demand. Brent crude was down 31 cents, or 0.3%, at $97.61 a barrel by 1450 GMT, while U.S. West Texas Intermediate (WTI) crude was 50 cents, or 0.5%, lower at $91.29. They retraced
CNBC Oil slipped Tuesday as concerns about the demand outlook due to prolonged Covid lockdowns in China outweighed support from a possible European oil embargo on Russia over its actions in Ukraine. Beijing, reporting dozens of new cases daily, is mass-testing residents to avert a lockdown similar to Shanghai’s over the past month. The capital’s restaurants were closed for dining
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