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Oil Prices Drop 2% on Ceasefire Reports and Refinery Shutdown

Oil prices experienced a significant drop of over 2% on Thursday due to unsubstantiated reports of a ceasefire between Israel and Hamas and a...

Oil Prices Experience Volatility Amid Gaza Ceasefire Uncertainty

Oil prices saw significant fluctuations on Thursday, with U.S. crude futures settling 2.5% lower at $73.98 a barrel, while the Brent contract fell 2%...

Oil Prices Rise as OPEC+ Maintains Output Cuts

Early trading on Friday saw a surge in oil prices following OPEC+'s decision to maintain its current oil output policy, offsetting losses incurred in...

Oil Prices Decline on Weak China Data; Poised for First Monthly Gain Since September

Oil prices retreated on Wednesday, pressured by lackluster economic indicators from China, the world's largest importer of crude, dampening demand sentiment. Nonetheless, prices are...

Oil Prices Inch Up Amid Middle East Tensions; China Concerns Constrain Gains

Global oil prices experienced a marginal uptick on Tuesday, recovering from a more than 1% decline in the previous session, fueled by escalating geopolitical...

Oil Prices Experience Volatility Amid Weak Demand and Strong Dollar

Global oil prices exhibited volatility on Wednesday, fluctuating between modest declines and gains as traders assessed the impact of escalating geopolitical tensions, concerns over...

Oil Prices Retreat Amid China Demand Concerns and Supply Predictions

Oil prices experienced a decline on Friday, retracing from the previous day's gains, as geopolitical tensions and disruptions in U.S. oil production were offset...

Oil Prices Stabilize Amid Severe U.S. Cold Snap and China Growth Concerns

Oil prices demonstrated minimal movement as the severe cold weather impacting U.S. oil production offset concerns about China's economic growth and its potential impact...

Oil Prices Inch Upwards Amid Dollar Retreat, but Concerns Over Weaker Chinese Growth Linger

Oil prices showed a modest recovery to settle marginally higher, supported by a retreat in the dollar. However, concerns about demand persisted following disappointing...

What is brent futures?

Brent, a term synonymous with the global oil market, holds a pivotal position in shaping the energy landscape. Within the intricate web of commodities...

Asian Shares Start Week Mixed as China Skips Rate Cut; Nikkei 225 Hits Fresh 34-Year Peak

Asian markets kicked off the week with a mixed performance, as China's central bank's decision to forego a rate cut surprised investors. Meanwhile, Japan's...

Oil Prices Inch Up Amid Middle East Developments and Supply Disruption Concerns

Oil prices saw a modest increase on Monday, with market attention drawn to potential supply disruption risks in the Middle East. The rise comes...

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