Global crude oil prices
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Commodities
Oil rises for fourth straight session on Gaza ceasefire rejection, US fuel stock data; Brent up 2% to hit $81/bbl
Oil prices gained over two per cent on Thursday, February 8, as investors considered the impact of Israel’s rejection of…
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Commodities
Oil trades higher for third straight day on large US fuel stock draws; Brent at $79/bbl
Oil prices rose for a third day on Wednesday, February 7, after US gasoline and distillate stocks fell more than…
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Commodities
Oil heads for biggest weekly drop since early November despite gain on OPEC+ decision; Brent at $78/bbl
Oil prices rose slightly on Friday, February 2, after the Organisation of Petroleum Exporting Countries and its allies (OPEC+) decision…
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Commodities
Oil settles at 2-month high on US macro data; Brent, WTI score biggest weekly gain since Israel-Hamas war
Oil prices rose for a second week in a row and settled at their highest in nearly two months on…
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Commodities
Oil prices rise 2% driven by Red Sea tensions, US crude stock draw; Brent reaches $81/bbl
Oil prices rose on Thursday, January 25, after data showed US crude stockpiles fell more than expected last week and…
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Commodities
Oil scores weekly gain as Middle East crisis offsets China demand concerns; Brent settles lower at $78/bbl
Oil prices settled slightly lower in the previous session but recorded a weekly gain as Middle East tensions and disruptions…
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Commodities
Oil ticks higher after IEA, OPEC global demand forecasts; MCX crude up 3%, Brent at $78/bbl
Oil traders also worried about geopolitical risks in the Middle East. Pakistan conducted strikes inside Iran, targeting Baluchi separatist militants,…
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Commodities
‘Oil markets well supplied’, says IEA as it raises 2024 global demand forecast; projects lower than OPEC
The International Energy Agency (IEA) has again raised its global oil demand growth forecast for 2024. However, its projection remains…
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