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At Close: Jun 04, 2026
Russian President Vladimir Putin said on Friday that decisions made by the OPEC+ group to cut oil production were "depoliticised" and were not connected to what Moscow calls its "special military oper
Kate Richard, founder and CEO of Warwick Investment Group, discusses the global demand outlook for oil and gas prices, and why there's still under-investment in the energy sector.

Oil prices edge lower, trimming weekly gain

07:53am, Friday, 16'th Jun 2023
Oil futures edged lower Friday, trimming a weekly gain as investors continue to struggle with an uncertain demand outlook.
China's record-high oil refinery throughput strengthens demand, while a weaker US Dollar enhances affordability and boosts foreign WTI oil demand.
Oil prices edged lower in early trade on Friday, taking a pause from the previous session when futures gained steeply on optimism around higher energy demand from top crude importer China.
Oil futures climbed on Thursday, buoyed by some signs of higher oil demand from China and strength in U.S. gasoline demand for the summer driving season, analysts said. July West Texas Intermediate cr
As we approach the midpoint of the year, the U.S. is still tracking toward a new annual oil production record for 2023.
WTI oil managed to settle above the $70 level as traders reacted to China refinery data.
Crude oil markets have been choppy over the last couple of days, as Thursday has seen a reversal of the Wednesday negativity.
Oil futures rose early Thursday, bouncing after a selloff the previous session in the wake of a large jump in crude inventories.
WTI Oil prices stabilize as China's slow recovery, weak industrial output and retail sales dampen optimism in the global oil market.
Higher-than-expected production and concern about slowing demand have been weighing on crude.
Oil prices edged higher on Thursday, recovering some ground from the previous day's plunge on worries about future U.S. interest rate hikes, with markets now looking to key Chinese economic data for d
Oil futures settled lower on Wednesday, with prices pressured by weekly increases in U.S. crude, gasoline, and distillate supplies reported by the Energy Information Administration. Oil prices extende
The EIA report put some pressure on the oil markets but traders remained focused on the upcoming Fed decision.
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