US data

Oil pares gains after US data deflates expectations of near term rate cut

June 7, 2024

Yahoo Finance LONDON – Oil pared gains on Friday as demand concerns intensified after strong U.S. jobs data soured hopes of the Federal Reserve cutting interest rates soon. Brent crude futures edged up 12 cents to $79.99 a barrel while U.S. West Texas Intermediate crude futures rose 28 cents to $75.83 as of 1328 GMT. Data on Friday showed U.S.

Oil prices steady as US data keeps June rate cuts on the table

February 29, 2024

Yahoo Finance LONDON -Oil prices were little changed Thursday as January U.S. inflation data reinforced expectations for a June cut to interest rates. Brent crude futures for April were down 2 cents at $83.66 a barrel by 1355 GMT. The April contract expires on Thursday and the more active May contract was up 2 cents at $82.17. U.S. West Texas

Oil falls as US data spells later not sooner rate cuts

February 2, 2024

Yahoo Finance LONDON-Oil prices dipped about 2% on Friday after strong U.S. jobs data diminished the odds of interest rate cuts in the short term, setting up both benchmarks for a weekly loss given China’s faltering economy and persistent geopolitical tensions. Brent crude futures were down $1.40, or 1.8%, at $77.30 a barrel by 1453 GMT and U.S. West Texas

Oil dips on Chinese and U.S. data, but OPEC+ cuts limit fall

July 10, 2023

Investing LONDON – Oil prices dipped on Monday after weak economic data from top consumers the United States and China, though expected crude supply cuts from Saudi Arabia and Russia limited losses. Brent crude futures fell 19 cents, or 0.2%, to $78.28 a barrel by 1416 GMT. U.S. West Texas Intermediate crude was down 24 cents, or 0.3%, at $73.62. “Oil

Oil dips, hits lowest since January as U.S. data fans fuel demand fears

December 7, 2022

CNBC Oil edged to its lowest since the start of the year in volatile trading, after U.S. government data showed an unexpectedly large build in fuel stocks, feeding fears about demand in a market already spooked by an uncertain economy. Brent futures for February delivery fell $1.62 to $77.73 a barrel, a 2% loss, by 11:14 a.m. EST. U.S. crude

Oil prices broadly stable after mixed U.S. data

June 18, 2020

Reuters LONDON – Oil prices were broadly stable on Thursday after dipping in and out of positive territory as bulls took their cue from shrinking U.S. oil product stocks and bears looked at rising crude stocks and new coronavirus cases. Brent crude LCOc1 futures were up 19 cents at $40.90 a barrel by 1350 GMT and U.S. West Texas Intermediate