Friday, November 22, 2024
Oil prices dip after Biden exit, rate outlook remains in focus- oil and gas 360

Oil prices dip after Biden exit, rate outlook remains in focus

CNBC Oil prices dipped on Monday after Joe Biden announced he would not seek a second term as U.S. president and while investors watched for more signs that U.S. interest rates could be cut as early as September. Brent crude futures fell 45 cents, or 0.5%, to $82.18 a barrel by 1222 GMT. U.S. West Texas Intermediate crude futures were

Oil prices dip, but set to end week over 3% higher- oil and gas 360

Oil prices dip, but set to end week over 3% higher

Yahoo Finance Oil prices edged lower on Friday but were on track to gain over 3% for the week, boosted by the International Energy Agency raising its 2024 oil demand forecast and an unexpected decline in U.S. stockpiles. Brent crude oil futures were down 47 cents or 0.6% to $84.95 a barrel at 1434 GMT, a day after topping $85

Oil prices dip on U.S. rate hike expectations, weak China PMI- oil and gas 360

Oil prices dip on U.S. rate hike expectations, weak China PMI

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.

Oil dips but hovers near three-year highs on recovery signs- oil and gas 360

Oil dips but hovers near three-year highs on recovery signs

BOE Report Oil prices dipped on Thursday but still held close to their highest in almost three years, supported by drawdowns in U.S. inventories and accelerating German economic activity. Doubts about the future of the 2015 Iran nuclear deal that could end U.S. sanctions on Iranian crude exports also helped prices. U.S. crude slipped 40 cents, or 0.55%, to $72.84

Oil prices dip on mixed supply and demand outlook- oil and gas 360

Oil prices dip on mixed supply and demand outlook

Reuters LONDON -Oil prices edged lower on Friday on rising supplies from major producers and concerns over a mixed picture on the COVID-19 pandemic’s impact on fuel demand. Brent crude futures for June fell 32 cents, or 0.32%, to $62.88 a barrel by 1230 GMT while U.S. West Texas Intermediate (WTI) crude for May was at $59.43, down 17 cents.