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US crude oil inventories up 0.5% for week ending Nov. 1

- Daily crude oil production falls to around 13.92 million barrels per day

10:39 Oil

Oil prices drop with weak US demand, strong dollar amid election results

- API reports 3.13 million barrels increase in US commercial crude oil inventories, surpassing market expectations of a 1.80 million barrel rise

06.11.2024 Oil

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

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

04.11.2024 Oil

US oil rig count remains unchanged for week ending Nov. 1

- Number of US oil rigs fall by 33 compared to one year ago

02.11.2024 Oil

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

- 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

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

31.10.2024 Oil

US crude oil inventories down 0.1% for week ending Oct. 25

- Daily crude oil production rises to around 13.94 million barrels per day

31.10.2024 Oil

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

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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