Oil prices steady after 3-day losing streak

07:31am, Thursday, 24'th Aug 2023
Oil futures ticked higher early Thursday, attempting to find their footing after a three-day drop that sent the U.S. benchmark to its lowest close in nearly a month.
As oil prices retreat, OPEC's role remains crucial amidst global economic shifts; the balance of production and demand stands at a crossroads.
Oil prices slipped in early Asian trade on Thursday as weak manufacturing data in major economies outweighed optimism around a larger-than-expected drop in U.S. crude stocks.
The EIA report provided material support to oil markets but traders remained worried about the health of the world economy after disappointing PMI reports.

U.S. oil futures settle at their lowest in a month

02:41pm, Wednesday, 23'rd Aug 2023
Oil futures marked a third straight session decline on Wednesday, with U.S. prices settling at their lowest in a month. “While the market remains moderately undersupplied for now, demand concerns co
Oil traders focus on recession risks after the release of weak Manufacturing PMI reports.
Crude oil markets have fallen significantly during the trading session on Wednesday, as PMI numbers in the European Union and the United Kingdom have both disappointed. Now we are looking toward the U
Oil futures lost ground early Wednesday on worries about the demand outlook, while traders awaited official data on U.S. crude and product inventories.
This week's Crude Oil price action highlights the balance between China's waning demand, OPEC+ production cuts and U.S. rate hike concerns.
Oil prices eased in early trade on Wednesday, weighed down by fears U.S. interest rates could stay higher for longer and economic growth could slow further in top crude importer China and hurt fuel de
Oil futures settled lower for a second session on Tuesday, “having fluctuated quite a lot so far this month, only to trade slightly below where it started,” said Craig Erlam, senior market analyst
Oil markets remain under pressure amid demand worries.
Smead Capital Management CEO Cole Smead spoke with Yahoo Finance anchors Julie Hyman and Brad Smith about China and the outlook for oil. Smead believes it to be necessary for oil prices to rise above
The crude oil markets have dropped a bit during the trading session on Tuesday, as it looks like we are continuing to see a lot of volatility.

Oil prices edge lower on China demand worries

07:01am, Tuesday, 22'nd Aug 2023
Oil futures edged lower early Tuesday, unable to shake worries about China's economic outlook and the implications for demand from the world's second-largest crude consumer.
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