Tag: oil price
Is It Good to Invest in Petroleum Stocks?
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Investing in petroleum stocks has long been a topic of interest for investors seeking exposure to the energy sector. Petroleum, also known as crude...
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 Prices Rise Amid Expectations of September US Interest Rate Cut
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Oil prices continued to climb on Thursday, supported by growing expectations of an interest rate cut from the U.S. Federal Reserve in September. However,...
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...
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...
Where Does Canada Get Its Gasoline From?
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Canada, a vast country with diverse energy needs, sources its gasoline from various domestic and international suppliers. Understanding where Canada gets its gasoline involves...
OPEC+ Extends Deep Oil Production Cuts into 2025
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On Sunday, OPEC+ announced the extension of its significant oil output cuts well into 2025, aiming to stabilize the market amid lukewarm demand growth,...
Oil Prices Steady Ahead of Key US Inflation Data, OPEC+ Meeting
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Oil prices maintained stability on Friday, as investors awaited the release of significant U.S. inflation data and the impending meeting of major crude producers...
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...
Oil Prices Dip Amid Demand Concerns; U.S. Stockpiles Data Awaited
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Oil prices eased on Thursday as robust U.S. economic activity suggested that borrowing costs might remain elevated for a longer period, potentially dampening demand....
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...
Oil Prices Rise on Expectations of OPEC+ Maintaining Output Cuts and Summer Demand Surge
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In Asian trading on Wednesday, oil prices saw an uptick as market participants anticipated major producers to uphold output cuts at an upcoming meeting...