Tag: crude
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Crude Oil Prices Rise Due To Increasing Middle Eastern Tensions And Supply Concerns.
[ad_1] Crude oil prices surged by 2.87%, settling at 6307, driven by renewed tensions in the Middle East, intensifying concerns about supply disruptions. Israeli Prime Minister Benjamin Netanyahu’s rejection of a ceasefire offer from Hamas, coupled with the possibility of further U.S. military actions against Iranian forces, heightened geopolitical risks. On the demand side, official…
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Oil prices rise on Gaza ceasefire setback, but jump in US crude stocks weighs
[ad_1] Investing.com– Oil prices settled higher, as fading hopes of a Gaza ceasefire agreement cooled concerns about potential supply disruptions in the Middle East, but gains were stifled by a larger than expected build in U.S. crude inventories. At 14:30 ET, futures settled up 0.8% to $73.86 per barrel. Gaza ceasefire dashed after Netanyahu rejects Hamas…
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Crude oil falls on weak Chinese manufacturing data; Fed decision eyed
[ad_1] Investing.com — Oil prices fell Wednesday after weak Chinese manufacturing activity data raised concerns surrounding demand growth in the world’s largest crude importer. By 09:15 ET (14.15 GMT), the futures traded 0.6% lower at $77.39 a barrel and the contract dropped 0.4% to $82.18 a barrel. Chinese manufacturing activity disappoints Manufacturing activity in China,…
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Crude oil retreats on demand growth concerns; Middle East tensions support
[ad_1] Investing.com — Oil prices retreated Tuesday on continuing worries about the extent of demand growth in the coming year, even amid escalating tensions in the oil-rich Middle East. By 09:00 ET (14.00 GMT), the futures traded 0.9% lower at $76.13 a barrel and the contract dropped 0.9% to $81.08 a barrel. Demand concerns mount…
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Crude Oil Surged Due To A Larger-Than-Expected Draw In US Inventories.
[ad_1] Crude oil prices closed 0.28% higher at 6399, driven by a confluence of factors contributing to market optimism. The recent stimulus measures announced by China, particularly the reduction in the reserve requirement for banks, injected liquidity into the market and bolstered expectations of an economic recovery. This anticipated recovery is a key driver behind…
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Crude oil slips lower on China concerns; Middle East tensions support
[ad_1] Investing.com — Oil prices fell Monday, retreating after early gains amid concerns about the economic health of China, the world’s largest crude importer. By 09:25 ET (14.25 GMT), the futures traded 0.8% lower at $77.40 a barrel and the contract dropped 0.8% to $82.33 a barrel. Evergrande liquidation hits sentiment A Hong Kong court…
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Crude Oil Edged Up Amid Increasing Tensions In The Middle East.
[ad_1] prices surged by 3.01% to settle at 6152, primarily driven by escalating tensions in the Middle East. The US conducted strikes on Houthi targets in Yemen, and Pakistan retaliated with military strikes on separatist targets in response to Iran’s actions. This geopolitical unrest in the region contributed to the upward momentum in oil prices.…
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Crude Prices Fell As Concern Eased About Shipping Disruptions On The Red Sea Route.
[ad_1] Crude oil prices registered a decline of -0.68%, settling at 6007, as concerns eased over shipping disruptions along the Red Sea route, despite ongoing tensions in the Middle East. Denmark’s Maersk announced plans to route almost all container vessels sailing between Asia and Europe through the Suez Canal, with only a handful being diverted…
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Crude Fell As Concerns Eased About Shipping Disruptions Along The Red Sea Route.
[ad_1] Crude oil prices tumbled by 2.62%, settling at 6048, as concerns eased over shipping disruptions in the Red Sea, despite lingering tensions in the Middle East. Maersk’s decision to reroute most container vessels through the Suez Canal contributed to the market sentiment. In the US, stocks surged by 1.837 million barrels, marking the largest…
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Crude oil prices plummeted after the group’s announced output curbs
[ad_1] prices retreated by 1.25%, settling at 6407, following OPEC+’s announcement of an additional daily oil supply cut of 1 million barrels, which fell short of market expectations. The agreement, in line with Saudi Arabia’s voluntary production reduction extension, aims to address oversupply concerns and internal disputes over production quotas. However, uncertainties remain regarding the…