Oil rises on tighter OPEC supply, US jobs data
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while data showing an unexpected increase in U.S. job openings pointed to expanding economic activity and consequent growth in oil demand.
Oil prices edge higher; OPEC supply, tighter sanctions talk help
Investing.com--Oil prices edged higher Wednesday, extending a bounce from the prior session as US industry data pointed to a drop in oil inventories, while production by OPEC countries was seen falling.
Oil prices settle lower as U.S. crude supplies fall but product stocks rise
Oil futures settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh straight week, but gasoline and distillate stockpiles climbed by more than 6 million barrels each.
Oil prices surge as OPEC supply drops, US crude stocks decline
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while U.S. crude oil stocks fell last week, market sources said, citing American Petroleum Institute figures. Also supporting prices was an unexpected increase in U.
Crude oil turns lower as U.S. supplies fell but fuel stocks jumped more than expected
Oil futures pulled back Wednesday to their lowest levels in a month, following the release of bearish data from the U.S. government's weekly inventory report showing large increases in domestic gasoline and distillate stocks,
Oil trims gains on dollar strength, tight supplies provide support
Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of ...
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Standard Chartered: U.S. Oil Production Growth To Decline In 2025
Standard Chartered: the slowdown in U.S. oil production growth is set to continue in 2025 and 2026. Standard Chartered: the U ...
Oil prices recover, but is market momentum fading?
Oil prices recouped losses from early Tuesday even as the market seems to be running out of steam amid oversupply concerns in ...
OPEC oil output falls in December on UAE and Iran, survey finds
OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab ...
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Brent Oil is at the Mercy of OPEC+, SEB Analyst Warns
Brent crude is totally at the mercy of OPEC+, but the group will stay the course through 2025. That’s what Bjarne Schieldrop, ...
Oil Averaging $65 in ‘25 to Keep OPEC+ Under Pressure, BofA Says
International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries ...
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Saudi Oil Exports to China Set for February Decline
Saudi Arabia's oil exports to China are expected to decrease in February due to a price increase by Aramco, impacting the ...
Oil Supported by Stronger Fundamentals, Supply Concerns
Oil prices were rising in early trade, supported by a stronger physical market and concerns over Russian and Iranian flows.
OPEC Output Dips in December as UAE Improves Delivery of Cuts
OPEC’s crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at ...
Oil News: Can China’s Stimulus Offset Oversupply and Dollar Strength Risks?
Crude oil surges 4.76% to $73.96 as China’s stimulus measures and cold weather boost demand. Analysts eye further gains ...