Oil

25 September 2024
Oil Prices Consolidate on Mixed Market Signals

Oil prices consolidate as U.S. crude oil inventories decline, but waning optimism over the Chinese economic stimulus and rising Middle East tensions keep markets in a cautious state. -vtmarkets.com

20 September 2024
Oil prices on track to finish the week higher following US rate cut

Brent futures, which were trading down 26 cents or 0.4% at $73.62 a barrel early on Friday, have still gained 4.3% over the week. Similarly, US WTI crude, slightly down by 0.2% at $71.80, registered a 4.8% rise for the …

18 September 2024
Oil prices stable as markets eye rate cut decision by U.S. Fed

Oil prices hold stable as markets await the rate cut decision by the U.S. Fed. Geopolitical tensions in the Middle East and supply disruptions from Hurricane Francine support prices. Short-term traders should brace for volatility. -vtmarkets.com

14 September 2024
Oil rises for 3rd straight session on supply concerns in Mexico

Oil prices rise for the third straight session, supported by supply concerns from Hurricane Francine in the Gulf of Mexico. However, demand worries persist, especially from China. -vtmarkets.com

12 September 2024
Oil prices remain steady amid mixed demand signals and U.S. hurricane effects

Oil prices remained relatively flat on Thursday, as signs of weakening demand across key economies outweighed the potential supply disruptions caused by U.S. hurricanes. While such storms usually prompt concerns over reduced oil output, the market is seeing conflicting signals, …

9 September 2024
Oil prices rebound as U.S. Gulf coast braces for hurricane

Key Points: Oil prices jumped in the Asian session following the steep selloff.. Weather concerns, including a potential hurricane approaching the U.S. Gulf Coast contributed to the rebound. Oil prices made a sharp recovery as the threat of a hurricane …

5 September 2024
Oil prices lay flat on weak demand and OPEC+ supply delays

Oil prices lay flat after sell-off, balancing weak demand and possible OPEC+ production delay. Traders watch OPEC+ decisions and US crude stock data as global demand concerns persist. -vtmarkets.com

2 September 2024
Oil prices slide further on weak Chinese data and potential OPEC+ output increase

Oil prices continued their decline as weak economic data from China and the prospect of increased OPEC+ production in October raised concerns over future demand and supply dynamics -vtmarkets.com

28 August 2024
Oil prices recover as Libya supply issues and demand concerns impact markets

Market participants, and the price action for crude oil, are caught between potential supply disruptions from geopolitical tensions in Libya and the Middle East and concerns over weakening global fuel demand. -vtmarkets.com

26 August 2024
Oil prices surge as Middle East tensions rise and U.S. rate cut prospects increase

Oil prices continued to climb on Monday as escalating tensions in the Middle East sparked fears of disruptions in regional oil supplies. The conflict, centered on Gaza, saw an escalation over the weekend as Hezbollah launched hundreds of rockets and …

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