Oil prices rose for the third consecutive session on Monday, driven by forecasts that the supply gap will widen in the fourth …
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Energy | PetroleumNews
Oil prices rose 4 percent on a weekly basis, reaching a 10-month high on Friday
by BUNKERISTby BUNKERISTOil prices hit a 10-month high on Friday, posting a third weekly rise on optimism about a supply squeeze caused by production …
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Energy | PetroleumNews
Oil is set to rise for the third week with better-than-expected Chinese data
by BUNKERISTby BUNKERISTOil prices rose on Friday and are poised for a third week of gains as better-than-expected Chinese economic data and data on …
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Energy | PetroleumNews
Oil prices rebound as markets refocus on supply squeeze for the remainder of 2023
by BUNKERISTby BUNKERISTOil prices rebounded on Thursday as markets focused their attention on the outlook for tighter crude oil supply through the remainder of …
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Energy | PetroleumNews
Oil prices approach 10-month high amid supply tightness
by BUNKERISTby BUNKERISTOil rose on Wednesday. The market consolidated its position near the 10-month peak reached in previous transactions, as supply concerns regarding OPEC+ …
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Energy | PetroleumNews
Brent continues to remain above the $90/barrel level reached last week
by BUNKERISTby BUNKERISTBrent crude futures traded above $90 a barrel on Tuesday as investors await macroeconomic data that could indicate whether interest rates in …
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Energy | PetroleumNews
Oil prices slumped on Monday due to the burden of the stronger dollar and economic concerns in China
by BUNKERISTby BUNKERISTOil prices fell on Monday as the stronger dollar and economic concerns in China weighed on the fuel demand outlook; however, Brent …
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Energy | PetroleumNews
Oil prices hit a nine-month high on concerns over supply shortages
by BUNKERISTby BUNKERISTOil prices rose nearly 1 percent to a nine-month high on Friday, boosted by rising U.S. diesel futures and concerns about oil …
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Energy | PetroleumNews
Oil prices extended losses on Friday as China’s slowing economy and US dollar strengthen
by BUNKERISTby BUNKERISTOil prices extended losses on Friday, retreating from this week’s 10-month highs, as fears about China’s slowing economy and a strengthening U.S. …
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Energy | PetroleumNews
Oil slumps as Chinese data and weakening demand pressure in winter offset gains from supply cuts
by BUNKERISTby BUNKERISTOil prices slumped on Thursday as the seasonal slowdown in the winter and the uncertain economic outlook for China outweighed expectations of …