Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor under prices while sizeable spare capacity, demand uncertainty and sanctions policy pre
Ben Cook of Hennessy Funds says that India is "squarely in the driver's seat" when it comes to global oil demand growth.
High U.S. fuel demand boosts oil prices to $83, as strong summer consumption and easing inflation bolster market confidence.
Oil prices rose in early Asian trading hours on Friday as signs of strong summer demand and easing inflationary pressures in the world's biggest oil market, the United States, bolstered investor confi
Crude oil triggered a bullish reversal today, targeting 89.23 and a likely second breakout above trendline resistance.
Oil traders focus on the changes in Fed policy outlook and prepare for the start of the rate cut cycle.
The inflation and interest rate outlook is outweighing mixed oil demand signals from the IEA and OPEC.
The inflation and interest rate outlook is outweighing mixed oil demand signals from the IEA and OPEC.
The significant U.S. inventory drawdowns and potential for strong summer demand suggest a slightly bullish short-term outlook for crude oil.
The International Energy Agency (IEA) has taken a haircut to its outlook for oil demand next year, as it sees continued rising supplies.
Tom Kloza, global head of energy analysis at OPIS, says there may be a "sharp, sharp drop."
Amrita Sen, founder of Energy Aspects, discusses the outlook for the oil market.
One forecast sees global oil production plateauing by next year.
Oil prices surged to $85.80, buoyed by a weaker dollar and unexpected U.S. inventory drawdowns, signaling a bullish trend.
Oil prices edged higher on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand.
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