Oil Slips on US Growth Worries, Ample Crude Supply

June 13 Reuters Oil prices fell in early trade on Thursday, as investors digested that the U.S. Federal Reserve had likely pushed back an interest rate cut possibly to December, while ample U.S. crude and fuel stocks also weighed on the market. Brent crude futures lost 37 cents, or 0.5, to 82.23 a barrel, as […]
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Oil Perks Up on Inventory Drawdown Forecasts for this Year

Oil forecasters anticipate stock draws in H2 2024 analyst Both contracts rise by 1 a barrel Key US data for interest rate cycle expected on Wednesday LONDON, June 12 Reuters Oil prices ticked higher on Wednesday after three key forecasters predicted that global oil inventories would fall in the second half of 2024, boosting prices. […]
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Oil Nudges Higher on Hopes of Summer Fuel Demand

SINGAPORE, June 10 Reuters Oil prices edged up on Monday, aided by hopes of rising fuel demand this summer, although a firmer dollar boosted by lower chances of imminent interest rate cuts capped gains. Brent crude futures gained 15 cents, or 0.2, to 79.77 a barrel by 0644 GMT and U.S. West Texas Intermediate crude […]
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