Tag: oil prices
Energy Shares Display Resilience as Oil Surpasses $90
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Amidst a broader market decline on Tuesday, energy shares have exhibited notable resilience, with analysts attributing this trend to the persistent rise in oil...
Oil Prices Rebound on Tighter Supply Prospects Amid Rate Hike Concerns
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Oil prices experienced a surge in Asian trading on Wednesday, extending a rebound from the previous session. This occurred as the possibility of tighter...
Oil Prices Rally as Tight Supply Trumps Economic Concerns
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Oil prices rebounded on Tuesday, settling nearly 1% higher after hitting a two-week low earlier in the trading session. The market sentiment shifted towards...
U.S. Crude Inventories Rise by 1.6 Million Barrels; Gasoline and Distillates Decline
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In the most recent week, U.S. crude oil stockpiles experienced an increase following a significant drop in the preceding week. Meanwhile, gasoline and distillate...
Stock Futures Point Lower Amid Budget Stand-off Warnings
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As the final trading week of September begins, U.S. stock futures are pointing into the red. Investors are carefully watching for signs of prolonged...
Hedge Fund Manager Adjusts Strategy Amid Robust Oil Market
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James Jampel, the founder of Massachusetts-based HITE Hedge Asset Management, announced on Thursday that he is revising his investment strategy. He has abandoned his...
Airfare Hikes Loom as Crude Oil Prices Surge, Impacting the Airline Industry
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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
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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
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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
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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
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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
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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...