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Oil prices rise on supply woes 0
- Stock Market
- October 19, 2022
Oil prices rose in early Asian trade on Wednesday, paring losses from the previous session, as concern over tight supplies following reports of lower inventories in the United States offset fears of lower demand from top oil importer China Brent crude futures rose 73 cents, or 0.8%, to $90.76 a barrel by 0100 GMT. U.S.
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Oil Prices Rise On OPEC+ Hopes, But Set For Steep Weekly Losses 0
- Uncategorized
- March 17, 2023
Oil prices crept higher on Friday on the prospect of supportive measures by the OPEC+, although fears of an economic slowdown stemming from a banking crisis kept gains limited and put prices on course for their worst week this year. Media reports said that Saudi Arabian and Russian ministers met this week to discuss potential
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Oil prices rise as weaker dollar offsets China COVID-19 concerns 0
- Stock Market
- November 1, 2022
Oil prices rose on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose 73 cents, or 0.8%, to $93.54 a barrel at 0406 GMT. The December
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Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year 0
- Economy
- January 20, 2023
Oil prices rose further on Friday, and were set to end the week higher as optimism over an eventual recovery in Chinese demand this year largely offset fears that a global economic slowdown will dent crude markets. Markets are betting on a strong boost to the Chinese economy from the week-long Lunar New Year holiday,
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Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears 0
- Economy
- January 9, 2023
Oil prices rose on Monday, recovering a measure of recent losses as investors bet that an economic reopening in China and a less hawkish rhetoric from the Federal Reserve will help spur a recovery in crude demand this year. China reopened its international borders for the first time since 2020, a clear indication that the
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Oil Prices Rangebound As Markets Await China, U.S. Economic Cues 0
- Uncategorized
- February 28, 2023
Oil prices moved in a small range on Tuesday as traders awaited more cues from Chinese and U.S. business activity readings due this week, although fears of rising interest rates and slowing economic growth saw markers nursing steep losses. Crude markets cut short a three-day gaining spree on Monday as markets reassessed their outlook for
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