Tag: oil price
Oil Prices Rise Amid Middle East Unrest and Ceasefire Rejection, China Weakness Limits Gains
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Oil prices experienced a slight increase on Thursday following the rejection of a ceasefire deal between Israel and Hamas, signaling continued unrest in the...
Oil Prices Rise on Stalled Gaza Peace Talks, Weaker Dollar
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Oil prices continued to climb on Thursday, propelled by Israel's rejection of a ceasefire offer from Hamas and a softer dollar, which provided support...
Who is the biggest supplier of oil?
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In the vast and interconnected global energy market, oil plays a pivotal role as a primary source of fuel and a cornerstone of industrial...
Oil Prices Inch Up as Middle East Ceasefire Talks Grab Attention
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Oil prices experienced a modest increase on Tuesday as market participants awaited developments from U.S. Secretary of State Antony Blinken's Middle East trip, focusing...
Asian Shares Rally on U.S. Tech Rebound, Focus on U.S. Payrolls
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Asian shares experienced a boost on Friday, driven by a late rebound in U.S. technology stocks. Investors were encouraged by strong quarterly results from...
Oil Prices Drop 2% on Ceasefire Reports and Refinery Shutdown
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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
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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, But Weekly Losses Loom Amid Gaza Ceasefire Uncertainty
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Oil prices experienced a rise on Friday, recovering from significant losses in the previous session. However, they are still on track for a weekly...
Oil Prices Rise as OPEC+ Maintains Output Cuts
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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
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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
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Global oil prices experienced a marginal uptick on Tuesday, recovering from a more than 1% decline in the previous session, fueled by escalating geopolitical...
How to create gasoline?
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Gasoline, a vital fuel powering various engines and vehicles, is a complex mixture derived from crude oil through a refining process. While creating gasoline...