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Oil prices rise amid supply concerns over intensified Russia sanctions

Oil prices rise amid supply concerns over intensified Russia sanctions

- Oil prices reach their highest level since October 2024 over embargo decision against Russian oil producing and exporting companies

13.01.2025 Oil

Brent rises nearly 3% following intensified US Sanctions on Russia

Brent rises nearly 3% following intensified US Sanctions on Russia

- Oil prices surged by nearly 3%, reaching their highest levels in three months, driven by supply concerns after the US administration intensified sanctions targeting Russia’s oil production and exports

10.01.2025 Oil

Oil prices rise on strong demand outlook amid cold snap

Oil prices rise on strong demand outlook amid cold snap

- US data shows 632,000-barrel drop in heating oil stocks, fueling expectations of higher oil demand

10.01.2025 Oil

Oil prices disappoint investors expecting a price hike in 2024

Oil prices disappoint investors expecting a price hike in 2024

- Brent oil starts 2024 at elevated levels amid Middle East conflicts, ends year with a decline of around 3.6%, weighed down by mounting economic concerns

07.01.2025 Oil

Oil prices drop amid recession fears and weaker demand outlook

Oil prices drop amid recession fears and weaker demand outlook

- US President Joe Biden bans new offshore oil and gas drilling along most US coastlines

07.01.2025 Oil

Oil prices edge up in 1st week of 2025 amid economic growth hope

Oil prices edge up in 1st week of 2025 amid economic growth hope

- Potential shifts in US economic growth after Trump’s Jan. 20 inauguration are expected to drive oil demand and influence prices

03.01.2025 Oil

Oil up over strong economic data from China, weakening US dollar

Oil up over strong economic data from China, weakening US dollar

- Chinese authorities approve record fiscal stimulus package of 3 trillion yuan to boost economy, contributing to market optimism over future oil demand

31.12.2024 Oil

Oil up in thin trade as market awaits more demand cues

Oil up in thin trade as market awaits more demand cues

- Uncertainties around both supply and demand continue as US President-elect Donald Trump prepares to take office on Jan. 20

30.12.2024 Oil

Oil prices settle higher in last week of 2024 amid thin trade during Christmas holiday

Oil prices settle higher in last week of 2024 amid thin trade during Christmas holiday

- Oil trading volume thinned during holiday-shortened week

27.12.2024 Oil

Oil steady amid China demand optimism, strong US dollar

Oil steady amid China demand optimism, strong US dollar

- Holiday-shortened week leads to thin volumes in oil markets

27.12.2024 Oil

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Oil prices up with China demand hopes

Oil prices up with China demand hopes

- Markets experience thin trading volumes due to Christmas holiday

26.12.2024 Oil

Oil up on lower US inflation data, hope of Federal Reserve policy easing

Oil up on lower US inflation data, hope of Federal Reserve policy easing

- US Federal Reserve is expected to maintain higher policy rates for an extended period to curb inflation

23.12.2024 Oil

Oil prices post 3% weekly loss amid strong dollar, China demand fears

Oil prices post 3% weekly loss amid strong dollar, China demand fears

- Expectation that Fed may slow pace of policy rate cut boosts dollar demand

20.12.2024 Oil

Oil prices up with Fed rate cut hopes, US demand surge

Oil prices up with Fed rate cut hopes, US demand surge

- Market participants await US Federal Reserve's policy decision and inflation data releases from Eurozone and UK

18.12.2024 Oil

Oil prices down with global inflation uncertainty

Oil prices down with global inflation uncertainty

- Market players eye monetary policy by several major banks this week to gain insight on inflation

17.12.2024 Oil

Oil prices fall amid uncertainty over Fed’s 2025 roadmap

Oil prices fall amid uncertainty over Fed’s 2025 roadmap

-Macroeconomic data indicating slowdown in US economic growth further put pressure on prices

16.12.2024 Oil

Oil prices up following 2 week decline with positive economic signals

Oil prices up following 2 week decline with positive economic signals

- Benchmarks up 4% during week ending Dec. 13 with demand hopes

13.12.2024 Oil

Oil prices down over growing supply surplus unease

Oil prices down over growing supply surplus unease

- Expectation of increased demand in world's largest oil consumers, US and China, caps losses

13.12.2024 Oil

Oil prices edge up over uncertainty in Middle East

Oil prices edge up over uncertainty in Middle East

- Decisions from major oil producer countries increase demand concerns, limiting upward movements

09.12.2024 Oil

OPEC+'s decision to keep production cuts push weekly prices down

OPEC+'s decision to keep production cuts push weekly prices down

- Oil cartel's decision and slowdown in world's two biggest economies help Brent prices around $70

06.12.2024 Oil

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Oil prices drop following OPEC+ extension of supply cuts

Oil prices drop following OPEC+ extension of supply cuts

- Macroeconomic data released in US signals slowdown in economic growth, further influencing downward price movements

06.12.2024 Oil

Oil drops amid demand concern and economic slowdown in China and US

Oil drops amid demand concern and economic slowdown in China and US

- Rising expectations that the US Federal Reserve (Fed) might cut interest rates this month limits further price falls

05.12.2024 Oil

Oil up over Middle East tension, OPEC+ supply plan

Oil up over Middle East tension, OPEC+ supply plan

- Unexpected build in US commercial crude oil inventories limits upward price movements

04.12.2024 Oil

Oil prices edge higher on Chinese demand optimism, Middle East tension

Oil prices edge higher on Chinese demand optimism, Middle East tension

- Strengthening dollar caps restraining crude oil gains

02.12.2024 Oil

Oil prices set for weekly fall following cease-fire reached between Israel and Lebanon

Oil prices set for weekly fall following cease-fire reached between Israel and Lebanon

- Prospect of lasting cease-fire in wider region helps drive price declines by easing supply concerns among market participants

29.11.2024 Oil

Oil prices down following stronger US dollar, Mideast cease-fire

Oil prices down following stronger US dollar, Mideast cease-fire

- Anticipation of lasting cease-fire in Middle East, home to significant portion of global oil reserves, contributes to recent price declines

28.11.2024 Oil

Oil prices down amid potential Lebanon cease-fire deal

Oil prices down amid potential Lebanon cease-fire deal

- As dollar soars, dampening oil demand and driving down prices

26.11.2024 Oil

Oil prices down amid cease-fire expectations in Middle East

Oil prices down amid cease-fire expectations in Middle East

- Economic slowdown in China, the world's largest oil importer, is exerting further downward pressure on oil prices

25.11.2024 Oil

Oil prices up on Russia-Ukraine tension, US inventory build caps gain

Oil prices up on Russia-Ukraine tension, US inventory build caps gain

- Data from Energy Information Administration reveals 0.1% increase in US commercial crude oil inventories for week ending Nov. 15

21.11.2024 Oil

Oil prices slide amid lingering US inflation worries

Oil prices slide amid lingering US inflation worries

- Oil prices jump nearly $3 as Equinor halts output at Western Europe’s largest field

19.11.2024 Oil

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