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Oil down with low US demand, investors expect US Fed rate cut

Oil down with low US demand, investors expect US Fed rate cut

- Prospect of increased economic activity in both US and China support upward price movements

11:41 Oil

Oil prices down ahead of US elections, ongoing cease-fire negotiations in Mideast

Oil prices down ahead of US elections, ongoing cease-fire negotiations in Mideast

- Egyptian President says intense efforts are ongoing to achieve a cease-fire in Gaza Strip

05.11.2024 Oil

Oil prices surge as OPEC+ delays output increase, US elections loom

Oil prices surge as OPEC+ delays output increase, US elections loom

- Weaker dollar likely to drive up demand by making oil more affordable for buyers using other currencies

04.11.2024 Oil

Oil prices see weekly fall amid data indicating a turndown in US economy

Oil prices see weekly fall amid data indicating a turndown in US economy

-Surge in US dollar ahead of elections following lower expectations for another Fed rate cut in December supported further price falls

01.11.2024 Oil

Oil prices up with possibility of Iran preparing to attack Israel

Oil prices up with possibility of Iran preparing to attack Israel

- News story claims Iran may retaliate with numerous unmanned aerial vehicles and ballistic missiles from Iraqi territory before US Presidential elections on November 5

01.11.2024 Oil

Oil prices drop with slower US economic growth, Middle East ceasefire negotiations

Oil prices drop with slower US economic growth, Middle East ceasefire negotiations

- Data indicating a decline in US commercial crude oil inventories limits further price drops by easing market players' demand concerns

31.10.2024 Oil

Oil prices up amid strong demand data from US

Oil prices up amid strong demand data from US

- Israel's ongoing attacks in the Middle East, where most global oil resources are located, support upward price movements

30.10.2024 Oil

Oil prices rebound after easing geopolitical risks spark losses

Oil prices rebound after easing geopolitical risks spark losses

- Easing geopolitical risks in Middle East trigger losses in previous session while US plan to buy oil for Strategic Petroleum Reserve provided some support

29.10.2024 Oil

Oil prices fall after Iran says Israeli attack caused minimal damage

Oil prices fall after Iran says Israeli attack caused minimal damage

- Oil prices plummet as Israeli air strike on Iran left oil facilities unaffected

28.10.2024 Oil

Oil prices on track for weekly climb as Israel-Iran tension heightens

Oil prices on track for weekly climb as Israel-Iran tension heightens

- Possible ceasefire talks in Qatar lower supply concerns among market players

25.10.2024 Oil

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Oil prices steady on possible new Gaza cease-fire talks

Oil prices steady on possible new Gaza cease-fire talks

- Traders continue to pare back geopolitical risk premium

25.10.2024 Oil

Oil prices up as Israel prepares to retaliate against Iran

Oil prices up as Israel prepares to retaliate against Iran

- Israel's public broadcaster claims Israel is preparing to attack Iran, despite US pressure to ease offensive

24.10.2024 Oil

Oil steady as falling US demand counters Mideast tension

Oil steady as falling US demand counters Mideast tension

- Oil prices climb 2% after Israeli army took responsibility for killing head of Hezbollah's Executive Council

23.10.2024 Oil Finance

Oil down with China demand concerns amid scant incentive package

Oil down with China demand concerns amid scant incentive package

- Ongoing conflicts in Middle East continue to limit further price falls with fears of wider regional war which could disrupt oil supply routes

22.10.2024 Oil

At 7.3% Brent oil experiences sharpest weekly decline in past year

At 7.3% Brent oil experiences sharpest weekly decline in past year

- Brent crude oil fell by 7.3% on a weekly basis, marking its sharpest decline since October 2023

21.10.2024 Oil

Oil prices surge amid escalating tensions between Israel, Iran

Oil prices surge amid escalating tensions between Israel, Iran

- US President Biden said Friday he is aware of Israel’s plans for an attack on Iran, as Tehran warns it will respond "decisively"

21.10.2024 Oil

Oil sees weekly fall following demand concerns fueled by OPEC data

Oil sees weekly fall following demand concerns fueled by OPEC data

-Prices are on track for their largest weekly drop since September 2, falling by 5.9% for week ending Oct. 18

18.10.2024 Oil

Oil prices up amid strong US retail sales data

Oil prices up amid strong US retail sales data

- US retail sales climbed 0.4% in September from previous month, reaching $714.4 billion

18.10.2024 Oil

Oil prices fall amid concerns about China's economy

Oil prices fall amid concerns about China's economy

- Data pointing to increase in demand in US and ongoing conflicts in Middle East limits price decline

17.10.2024 Oil

Oil prices fall on easing Middle East concerns

Oil prices fall on easing Middle East concerns

- Demand uncertainties in China, world's largest crude importer weigh on crude prices

16.10.2024 Oil

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Oil prices fall as OPEC data raises demand concerns

Oil prices fall as OPEC data raises demand concerns

- Increasing expectations that Israel will refrain from attacking Iranian oil facilities puts downward pressure on prices by alleviating supply concerns

15.10.2024 Oil

Oil down amid low inflation data in China

Oil down amid low inflation data in China

- Increasing expectations that inflationary pressures are losing their strength in US, prevents oil prices from falling further

14.10.2024 Oil

Oil sees weekly rise with new Chinese stimulus, Middle East instability

Oil sees weekly rise with new Chinese stimulus, Middle East instability

- Experts forecast surge in oil demand following new Chinese incentives anticipated over weekend

11.10.2024 Oil

Oil down with low US demand, market awaits China stimulus package

Oil down with low US demand, market awaits China stimulus package

- Experts say Hurricane Milton could also negatively affect employment data in US in coming weeks

11.10.2024 Oil

Oil up amid Middle East tension, US hurricane threatening fuel shortage

Oil up amid Middle East tension, US hurricane threatening fuel shortage

- Consecutive hurricanes in US cause power outages, fuel shortages with increased demand

10.10.2024 Oil

Oil prices rise with escalating Middle East conflict, US economic growth

Oil prices rise with escalating Middle East conflict, US economic growth

- Hezbollah's call for cease-fire with Israel push prices down in previous session, questions of validity fail to keep prices down

09.10.2024 Oil

Oil prices slide after rallying to highest in over month with Middle East tension

Oil prices slide after rallying to highest in over month with Middle East tension

- Both oil benchmarks decline with investor profit-taking and demand uncertainties in China

08.10.2024 Oil

Oil price surge linked to potential attack on Iranian oil facilities expected to be temporary

Oil price surge linked to potential attack on Iranian oil facilities expected to be temporary

- Brent shows 6% weekly rise with threat of attack on Iranian oil facilities, recording highest weekly increase since January

07.10.2024 Oil Energy Diplomacy

Oil up following better-than-expected US employment data

Oil up following better-than-expected US employment data

- US President Joe Biden says he deters Israel from targeting Iranian oil fields which limits upward price movements

07.10.2024 Oil

Oil prices up with possible Israeli strikes on Iran's oil infrastructure

Oil prices up with possible Israeli strikes on Iran's oil infrastructure

- US President Biden's remarks about a possible retaliation by Israel lends upward support to oil prices

04.10.2024 Oil

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