Tag: brent
Oil Prices Set for Best Week in Over 2 Months on Demand Outlook and OPEC+ Compliance
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Oil prices are showing signs of moderation on Friday as investors weigh the implications of U.S. interest rates remaining elevated for an extended period....
Oil Prices Retreat Following Unexpected Increase in US Inventories and Hawkish Fed Statements
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Oil prices experienced a decline in Asian trading on Thursday, prompted by official data revealing an unexpected build in U.S. crude inventories. Additionally, the...
Oil Prices Hold Steady as Investors Exercise Caution Ahead of Fed Meeting and CPI Data
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Oil prices remained largely unchanged on Tuesday as investors adopted a cautious stance while awaiting key U.S. and China Consumer Price Index (CPI) data,...
Oil Steadies on OPEC+ Reassurances, Set for Third Weekly Loss
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Oil prices stabilized on Friday after key OPEC+ members, Saudi Arabia and Russia, indicated a possible pause or reversal in planned output increases. Despite...
Saudi Arabia Reduces July Arab Light Crude Oil OSP to Asia
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Saudi Arabia has adjusted its official selling price (OSP) for its flagship Arab Light crude oil to Asia for July, setting it at plus...
Europe Anticipates First ECB Rate Cut in Nearly 5 Years, Stocks Edge Higher
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European markets edged higher on Thursday, nearing an all-time high, while the euro strengthened as investors awaited the European Central Bank's (ECB) widely anticipated...
Dollar Edges Up Ahead of Key Data and Bank of Canada Policy Meeting
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The dollar stabilized on Wednesday, anticipating crucial U.S. economic data releases and a monetary policy meeting in Canada that traders speculate could trigger rate...
Oil Prices Near Four-Month Low Amid OPEC+ Supply Outlook and Rising U.S. Stocks
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Oil prices remained near four-month lows on Wednesday as markets anticipated a supply increase later this year when OPEC+ begins to unwind some output...
Stocks Gain on Rate-Cut Wagers as ECB Meeting Looms
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World shares rose on Wednesday and the dollar steadied with a European Central Bank policy meeting coming into focus following soft U.S. labor market...
European Shares Rally, Anticipating ECB Rates Move
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European markets experienced a rebound on Monday, with government bond yields dropping, as investors awaited a potential interest rate adjustment from the European Central...
Oil Prices Steady Amid Rate and Inflation Concerns, Despite Large Inventory Draw
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Oil prices remained steady in Asian trade on Thursday as optimism over a larger-than-expected draw in U.S. inventories was tempered by caution ahead of...
European Stocks Mostly Lower Ahead of Key Inflation Data
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European stock markets largely fell on Thursday, influenced by rising global bond yields and the anticipation of crucial inflation data set to be released...