Oil Drops as Sticky US Inflation Heightens Demand Concerns

SINGAPORE, Feb 19 Reuters Oil prices fell as investor attention returned to the demand outlook after reports of higher producer prices in the U.S., the world39;s biggest oil user, stoked worries that sticky inflation and higher interest rates would limit fuel consumption growth. Brent crude futures were down 55 cents, or 0.7, at 82.92 a […]
Read More

Oil Steadies, Weaker IEA Demand Ooutlook Offsets Rate Cut Hopes

LONDON, Feb 16 Reuters Oil steadied on Friday as slowing demand forecast by the International Energy Agency IEA offset support from geopolitical tensions and optimism that the U.S. Federal Reserve might cut interest rates sooner rather than later this year. On Thursday, the IEA said global oil demand growth was losing momentum and trimmed its […]
Read More

Oil Demand Growth Slowing, nonOPEC Supply Expands, says IEA

IEA trims 2024 oil demand growth forecast Raises supply growth estimates Expects slight build in inventories in Q1 despite OPEC cuts Oil prices dip after report LONDON, Feb 15 Reuters Global oil demand growth is losing momentum, the International Energy Agency IEA said on Thursday as it trimmed its 2024 growth forecast, in sharp contrast […]
Read More

Oil Prices Drift Up with Focus on Middle East

Middle East conflict keeps prices elevated US inflation data expected on Tuesday POLLUS crude stocks likely rose last week, products seen down Coming up API data on US crude stocks at 2130 GMT, OPEC monthly report LONDON, Feb 13 Reuters Oil prices edged up on Tuesday as uncertainty over fighting in the Middle East kept […]
Read More

Oil Begins Week Lower, Israel says Concluded Gaza Strikes

Feb 12 Reuters Oil prices fell in early Asian trade on Monday after Israel said it had concluded a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East. Brent crude futures were 29 cents, or 0.4 lower, at 81.90 a barrel, while U.S. West Texas Intermediate crude futures were […]
Read More

Oil Heads for Weekly Gains on Israel Rejects Ceasefire Offer

Israeli forces intensify strikes on Rafah city Russia exports more crude in Feb after refinery attacks US sanctions firms, tanker over Russia price cap violation SINGAPORE, Feb 9 Reuters Oil prices were little changed on Friday, staying on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer […]
Read More