Tag: oil price
Oil Prices Stabilize Amid OPEC+ Restraint and Interest Rate Uncertainties
Jennifer -
Global oil prices found stability on Tuesday, as anticipation of OPEC+ sustaining oil supply constraints at its June 2 gathering, coupled with optimism surrounding...
Oil Prices Steady at Multi-Month Lows, Poised for Weekly Losses Amid Rate Fears
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Oil prices stabilized on Friday but were on track for significant weekly losses as concerns over persistent inflation and high interest rates cast doubts...
Oil Prices Stable Amid U.S. Rate Fears and Seasonal Demand Strength
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Oil prices held steady on Friday, with investors weighing the latest statements from the U.S. Federal Reserve regarding interest rates amidst persistent inflation concerns....
Is Now a Prudent Time to Invest in Oil Companies?
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In the realm of investing, the energy sector, particularly oil, has long been a focal point for investors seeking opportunities for growth and stability....
Oil Prices Extend Decline on Surprise US Inventory Build and Rate Concerns
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In Asian trading on Wednesday, oil prices continued their downward trend as industry data revealed an unexpected increase in U.S. inventories, while ongoing apprehensions...
Oil Prices Slide for Third Consecutive Day Amid Concerns of Prolonged US Interest Rate Hikes
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Oil prices dipped by over 1% on Wednesday, marking their third consecutive day of decline. This downward trend is attributed to growing expectations that...
What determines the price of gasoline?
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Gasoline prices are a topic of perennial interest and concern for consumers, businesses, and policymakers alike. The fluctuation of fuel costs at the pump...
Oil Set for Weekly Gain on Signs of Strengthening Demand
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Oil prices advanced during Asian trading on Friday, marking a significant weekly gain for global benchmark Brent, its first increase in three weeks. The...
Oil Prices Rally as Soft CPI Weakens Dollar and US Inventories Decline
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Oil prices surged in Asian trading on Thursday, extending gains from the previous session as a softer-than-expected U.S. consumer inflation reading weakened the dollar...
European Stocks Retreat Despite Global Rally on Downbeat Earnings
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European stocks experienced a slight retreat on Thursday despite a global rally fueled by U.S. inflation data, as investors grappled with disappointing earnings reports. As...
API Reports 3.1 Million Barrel Decline in U.S. Crude Stockpiles Last Week
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The American Petroleum Institute (API) disclosed on Tuesday that U.S. crude inventories experienced a more pronounced decline than anticipated last week, signaling an uptick...
Oil Prices Ascend as US Inventories Decline; Attention Shifts to CPI Inflation
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In Asian trading on Wednesday, oil prices climbed, propelled by industry data indicating a decrease in U.S. inventories, which heightened expectations of constrained supplies....