Oil prices were mixed on Tuesday as data showing that the Chinese economy is still battling a post-pandemic recovery offset expectations of …
News
-
-
Energy | PetroleumNews
Oil rises on expectations OPEC+ will keep supply tight and Fed won’t change rates
by BUNKERISTby BUNKERISTOil prices rose on Monday, supported by expectations that major producers will keep supplies tight and hopes the Fed won’t change rates …
-
Energy | PetroleumNews
Oil rose to the highest level in the last 7 months due to the expectations that the supply will tighten
by BUNKERISTby BUNKERISTOil prices rose to the highest level in the last 7 months on Friday due to supply concerns and ended the two-week …
-
Energy | PetroleumNews
Oil heads to end two-week losing streak as supply tightens
by BUNKERISTby BUNKERISTOil prices are set to end their two-week losing streak as they rise for the fourth consecutive session on Friday amid tighter …
-
Energy | PetroleumNews
Oil slumps after data showing China’s manufacturing activity contracted for the fifth month in a row
by BUNKERISTby BUNKERISTOil slumped on Thursday after data showing that China’s manufacturing activity contracted for the fifth month in a row and as investors …
-
Energy | PetroleumNews
Oil rises as data shows a huge drop in crude inventories and hurricane concerns
by BUNKERISTby BUNKERISTOil prices continued to rise on Wednesday as industry data in the United States, the world’s largest fuel consumer, showed a sharp …
-
Energy | PetroleumNews
Oil stays flat as supply concerns offset demand concerns
by BUNKERISTby BUNKERISTOil prices were flat on Tuesday as concerns about possible US interest rate hikes could dampen demand, offset by concerns that a …
-
Energy | PetroleumNews
Oil rises after steps by China to bolster weakening economy
by BUNKERISTby BUNKERISTOil prices rose after China took action to support the weakening economy. It rose on Monday, but investors remain concerned about the …
-
Energy | PetroleumNews
Oil futures surge to a one-week high on US diesel prices and supply concerns
by BUNKERISTby BUNKERISTOil futures rose nearly 1 percent to a one-week high on Friday as diesel prices rose in the US, the number of …
-
Energy | PetroleumNews
Oil prepares for second weekly drop despite rising on Friday
by BUNKERISTby BUNKERISTAlthough oil rose on Friday, it is ending a second consecutive week with loss as the dollar strengthened and concerns over supply …