Nasdaq TOKYO – Oil prices fell on Monday as jitters over the prospect of the U.S. Federal Reserve raising interest rates, which could slow growth and hit fuel demand, and worries about weaker Chinese manufacturing data combined to erase earlier gains. Brent LCOc1 futures for July delivery were down 61 cents, or 0.8%, at $79.72 a barrel at 0313 GMT, while U.S.
BOE Report Oil was steady in trade on Wednesday morning, paring two straight days of gains after an industry report showed U.S. crude inventories rose unexpectedly last week in a sign fuel demand may be weakening. U.S. West Texas Intermediate (WTI) crude futures slightly rose 26 cents, or 0.37%, at $69.72. Brent futures, which have risen more than 3%
BOE Report Oil prices fell on Wednesday to their lowest since before Russia invaded Ukraine as COVID-19 curbs in top crude importer China and expectations of more interest rate hikes spurred worries of a global economic recession and lower fuel demand. U.S. West Texas Intermediate crude futures shed $3.63, or 4.18%, to $83.37. The benchmark fell to its lowest session
Reuters LONDON :Oil prices rose on Friday after a U.S. official told Reuters an immediate Saudi oil output boost is not expected, with further support from indications that the U.S. central bank could raise interest rates less aggressively than anticipated. Brent crude futures for September delivery rose 76 cents, or 0.77per cent, to US$99.86 a barrel by 0929 GMT while
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