Oil prices fell on Thursday. It gave back some of the previous day’s gains as investors turned a profit on concerns about …
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Energy | PetroleumNews
Oil rises in anticipation of strong demand from the massive drop in US oil inventories
by BUNKERISTby BUNKERISTOil prices rose on Wednesday after industry data showed a more-than-expected drop in US oil stocks and signaled strong demand from the …
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Energy | PetroleumNews
Oil prices slumped on concerns about the central banks’ rate hikes
by BUNKERISTby BUNKERISTThe European Central Bank (ECB) prepares for further rate hikes. Oil prices slumped on Tuesday over concerns about the European Central Bank’s …
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Energy | PetroleumNews
Oil rises on concerns that political instability in Russia will affect supply and demand
by BUNKERISTby BUNKERISTOil prices rose on Monday after a weekend revolt of Russian mercenaries raised concerns about political instability in Russia and the potential …
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Energy | PetroleumNews
Oil continues its weekly slides, slumps on demand concerns over the possibility of rate hikes
by BUNKERISTby BUNKERISTOil prices tumbled for the week on Friday as traders worried that interest rate hikes could dampen demand, despite signs of tighter …
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Energy | PetroleumNews
Oil continues to slide on demand concerns after higher-than-expected UK rate hike
by BUNKERISTby BUNKERISTOil 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+ …