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Airfare Hikes Loom as Crude Oil Prices Surge, Impacting the Airline Industry

As crude oil prices soar to their highest level of the year, reaching $95 per barrel due to production and export cuts by Saudi...

Oil Prices Retreat as Federal Reserve Signals Further Rate Hike

Oil prices dipped on Wednesday, with U.S. crude falling back from the pivotal $90-per-barrel threshold. This decline came as the Federal Reserve issued a...

Oil Prices Could Briefly Touch $100 Due to Output Cuts and Geopolitical Tensions, Says Citi

Citi's global head of commodity research, Ed Morse, and his team have predicted that oil prices could surge towards $100 per barrel in the...

Oil Prices Continue to Rise Amid Supply Concerns

Oil prices extended their gains on Tuesday, marking the fourth consecutive session of increases, as concerns about weak U.S. shale production intensified worries about...

U.S. Crude Oil Stocks Rise for the First Time in 5 Weeks

U.S. crude oil inventories experienced an unexpected surge of nearly 4 million barrels in the week ending September 8, marking the first increase in...

Oil Prices Climb on Tighter Supply Prospects; Focus on CPI and US Inventories

Oil prices experienced an increase during Asian trading on Wednesday, maintaining proximity to a 10-month high. This came as the Organization of Petroleum Exporting...

What happens if open interest increases: Understanding the Impact

Open interest is a fundamental concept in the world of commodities trading, particularly in the oil markets. It refers to the total number of...

What is oil trading for right now: A Complete Overview

Oil trading is a cornerstone of the global economy, with the price of crude oil having a profound impact on various sectors, from transportation...

European Stocks Inch Higher as French Industrial Production Rebounds

European stock markets experienced marginal gains on Friday, with the DAX index in Germany, the FTSE 100 in the UK, and the CAC 40...

What countries produce oil: A Global Overview

Oil production is a critical driver of the global economy, powering industries, transportation, and everyday life. Several countries around the world contribute significantly to...

Crude Oil Price Achieves Targets, Eyes Further Gains

Crude oil prices extended their positive performance in the previous session, successfully reaching our extended target at 88.05. It's worth noting that the price...

Why oil stocks went down today: A Simple Guide

Oil stocks are a crucial component of the global financial market, and their performance is closely scrutinized by investors, analysts, and economists. On any...

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