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  • OIL PRICES EXTEND DECLINE ON RECESSION FEARS, CHINA COVID CURBS

    OIL PRICES EXTEND DECLINE ON RECESSION FEARS, CHINA COVID CURBS0

    Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China Brent crude futures fell 51 cents, or 0.5%, to $93.78 a barrel by 0033 GMT. U.S. West Texas Intermediate crude was at $88.66

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  • Oil prices ease on dim economic outlook despite signs of firmer demand

    Oil prices ease on dim economic outlook despite signs of firmer demand0

    By Administrator_India Capital Sands Oil prices dipped on Wednesday as concerns over the lasting economic fallout from the coronavirus pandemic outweighed signs of improving demand and production cuts by major oil producers. Brent crude futures for July delivery were trading down 11 cents, or 0.3%, at $34.54 per barrel at 0031 GMT. U.S. West Texas Intermediate 

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  • Oil Prices Dip, But Eye Positive Week On Chinese Demand Bets

    Oil Prices Dip, But Eye Positive Week On Chinese Demand Bets0

    Oil prices fell slightly on Friday as traders weighed the prospect of more economic headwinds from rising interest rates, although renewed optimism over a rebound in Chinese demand put prices on course for strong weekly gains. Crude markets logged wild swings in recent sessions amid a series of mixed cues. While better-than-expected Chinese business activity

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  • Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories

    Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories0

    Oil prices fell on Wednesday after industry data pointed to a large weekly build in U.S. crude stockpiles, although losses were limited by the prospect of strong demand this year and as the dollar softened on expectations of slower interest rate hikes. Data from the American Petroleum Institute showed that U.S. crude stockpiles surged by

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  • Oil Prices Dip as Demand Outlook Worsens on China woes, OPEC Warning

    Oil Prices Dip as Demand Outlook Worsens on China woes, OPEC Warning0

    Oil prices fell in choppy trade on Tuesday and nursed steep losses this week as weak economic data from China brewed more concerns over worsening demand, although the prospect of smaller U.S. rate hikes and tightening supply helped limit losses. Crude markets plummeted at the beginning of the week after rising COVID cases in major

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  • Oil Prices Creep Higher As IEA Flags Chinese Demand Recovery

    Oil Prices Creep Higher As IEA Flags Chinese Demand Recovery0

    Oil prices rose slightly on Monday tracking optimistic comments on a recovery in Chinese demand from the International Energy Agency, although markets were still nursing steep weekly losses on fears of tighter U.S. monetary policy. International Energy Agency head Fatih Birol reiterated the agency’s call that China will push global crude demand to record highs

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