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At Close: Jun 05, 2026

Oil Prices Rise as Middle East Fears Heighten

05:02am, Monday, 26'th Aug 2024
After missile attacks over the weekend, there are concerns of a wider conflict in the region.
Vandana Hari from Vanda Insights talks about the tensions in the Middle East region and also emphasizes that the U.S. economic outlook is at the center stage of global oil demand.
Oil prices climb on Middle East conflict fears; WTI tests $75.40 resistance, natural gas turns bearish. Discover the latest price forecasts.
"Israel's response may include an attack on Iran's oil supply and related infrastructure, which would put at risk 3 - 4% of global oil supply," said Vivek Dhar, mining and energy commodities strategis
Oil prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while imminent U.S. interest rate cuts lifte
Crude oil faces bearish outlook amid China's weakening demand and OPEC+'s uncertain production decisions. Watch for policy shifts.
Weak U.S. dollar provided additional support to oil markets in today's trading session.

Gold's Rise versus Oil Is a Warning

01:40pm, Friday, 23'rd Aug 2024
Gold and oil are usually considered in isolation, but the interplay between the pair offers a useful insight into the global macro picture. Bloomberg Intelligence Senior Commodity Strategist Mike Mc
The past week in the crude oil markets have been a bit of a mess, as the markets are trying to see some kind of move in one direction or the other. The market is sideways and has been for some time.
The crude oil markets continue to recover, and at this point in time are probably going to be watching central bank statements more than anything else. With this, the market looks like it is going to
U.S. crude is down 2.9% for the week, while Brent is down 1.4%. Concern about the strength of global demand for oil continues to overshadow geopolitical risk.
‘Increasingly likely' OPEC+ will ditch plans to begin increasing supply in October due to price weakness: ING
Oil prices face a weekly decline as OPEC+ deliberates crucial output decisions amidst U.S. recession fears and easing Gaza supply concerns.
China's EV revolution slashes oil demand by 500k barrels daily. Dragon's green drive reshapes global markets as gasoline growth slows to mere 1.3% in 2024.
Oil prices steady, but weekly losses loom amid U.S. demand concerns. Analysts see potential support from declining global inventories and OPEC's cautious stance.
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