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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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Oil Prices Move Little in Anticipation Of More China Cues 0
- Uncategorized
- February 27, 2023
Oil prices kept to a tight range on Monday amid persistent concerns over high inflation and rising U.S. interest rates, while traders awaited more cues on demand from key Chinese economic readings this week. Readings on China’s Purchasing Mangers’ Index (PMI) for February are due on Wednesday. Indicators for January had portrayed a somewhat mixed
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Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook 0
- Stock Market
- September 26, 2022
Oil prices held near eight-month lows on Monday after falling sharply last week, as markets feared that slowing global economic activity will dent demand for crude. London-traded Brent oil futures rose 0.3% to $85.29 a barrel, while U.S. West Texas Intermediate futures were unchanged at $78.67 a barrel by 21:30 ET (01:30 GMT). Both contracts
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OIL PRICES EXTEND DECLINE ON RECESSION FEARS, CHINA COVID CURBS 0
- Stock Market
- October 12, 2022
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 0
- International
- May 20, 2020
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 0
- Uncategorized
- March 3, 2023
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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