Oil prices fell for the second consecutive session on Friday, heading for a more than 3% weekly decline, as a higher-than-expected interest …
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Energy | PetroleumNews
The oil loosens on demand uncertainty, Fed signals more rate hikes
by BUNKERISTby BUNKERISTOil futures fell on Thursday. The Federal Reserve chief has signaled more rate hikes. Official US inventory data is expected while demand …
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Energy | PetroleumNews
Oil rises as expectation of a hawkish Fed’s presentation outweighs China’s demand concerns
by BUNKERISTby BUNKERISTOil rebounded early Wednesday. Prices rebounded after two consecutive weeks of losses in the afternoon as expectations for the Fed’s hawkish speech …
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Energy | PetroleumNews
Oil slumps after China cut loan rates less than expected
by BUNKERISTby BUNKERISTOil prices fell on Tuesday after China lowered its benchmark lending rates less than expected, raising concerns about the oil demand outlook …
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Energy | PetroleumNews
Oil fell more than 1% amid uncertainties over the Chinese economy
by BUNKERISTby BUNKERISTGlobal oil prices fell more than 1% on Monday and retracted last week’s gains as questions about the Chinese economy outweighed OPEC+ …
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Energy | PetroleumNews
Oil rose this week despite anticipated weakness in the global economy and anticipated further rate hikes
by BUNKERISTby BUNKERISTOil rose on Friday and posted weekly gains. The combination of high demand in China, OPEC+ supply cuts, weakness in the global …
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Energy | PetroleumNews
Oil poised to break two-week streak of losses amid higher energy demand optimism from China
by BUNKERISTby BUNKERISTOil prices are set to break a two-week streak of losses despite trading marginally lower in the early hours of Friday amid …
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Energy | PetroleumNews
Oil continues its downtrend as China recovery, the largest oil importer, loses momentum
by BUNKERISTby BUNKERISTOil continued its declines on Thursday after the previous day’s slump as China’s May industrial production and retail sales growth did not …
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Energy | PetroleumNews
Oil rises slightly while awaiting the Fed’s decision, Chinese economic data, and EIA crude inventories data
by BUNKERISTby BUNKERISTOil prices rose gradually on Wednesday as investors await the outcome of the US Federal Reserve’s June meeting, key economic data from …
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Energy | PetroleumNews
Oil prices soar on bargain hunting ahead of central banks’ policy decisions
by BUNKERISTby BUNKERISTOil prices rallied on Tuesday’s bargain hunt and rebounded somewhat after the previous day’s slump, but gains were limited as investors remained …
