Tag: WTI
Oil Prices Decline on Fears of High U.S. Interest Rates Depressing Demand
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Oil prices fell in early Asian trade on Tuesday as investors anticipated that persistent U.S. inflation and higher interest rates could dampen consumer and...
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 Hold Steady, Poised for Modest Weekly Gains Amid Optimism on Demand
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Oil prices exhibited minimal movement in Asian trading on Friday but were on track for a mildly positive week, buoyed by a softer dollar,...
Oil Prices Surge Amid Slower US Inflation and Robust Demand
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Oil prices saw a continued upward trend on Thursday, building on gains from the previous session. The surge was attributed to signs of heightened...
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 Inch Up Amid Tighter Supply Outlook
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Oil prices saw an increase on Tuesday as the balance between supply and demand appeared poised to tighten due to operational disruptions, robust demand,...
Oil Prices Dip on Prospects of Prolonged Higher US Rates and Strengthening Dollar
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Oil prices took a tumble by nearly $1 a barrel on Friday, influenced by remarks from U.S. central bank officials hinting at the potential...
Oil Prices Dip on Signs of Supply Relief
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Oil prices edged lower, as indications of easing supply concerns took precedence, while market attention turned towards upcoming U.S. stockpiles data expected later in...
Oil prices in Asian trade showed a slight increase
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This article reports that oil prices in Asian trade showed a slight increase on Friday, heading towards a positive conclusion for the week. This...
Oil Prices Set to Break Two-Week Decline, Boosted by Economic Optimism and Middle East Tensions
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Oil prices climbed on Friday, poised to close the week with gains after enduring two consecutive weeks of losses. The upswing came as a...
Oil Prices Hold Steady at 5-Month Peaks Ahead of OPEC Meeting
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Oil prices maintained their upward trajectory in Asian trading on Wednesday, hovering near five-month highs as indications of dwindling U.S. inventories and the potential...
Oil Prices Rise on Economic Growth Expectations and Supply Concerns
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Crude oil prices experienced a modest increase, with U.S. futures reaching a five-month high, buoyed by optimistic forecasts for economic growth in the United...