Oil 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 …
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Energy | PetroleumNews
Oil prices fell, market focused on US Federal Reserve interest rate decision
by BUNKERISTby BUNKERISTOil prices slumped as concerns over Chinese fuel demand and rising Russian crude supplies weighed on the market as investors tried to …
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Energy | PetroleumNews
Oil tumbles for the second week in a row as demand concerns outweigh Saudi oil cuts
by BUNKERISTby BUNKERISTOil prices fell more than a dollar a barrel on Friday for the second week in a row, as disappointing Chinese data …
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Energy | PetroleumNews
Oil heads for second consecutive weekly loss on demand concerns and prospects of US-Iran nuclear deal
by BUNKERISTby BUNKERISTOil prices continue to drop on Friday, which appears to be declaring its second weekly loss amid demand concerns and doubts that …
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Energy | PetroleumNews
Demand outlook driven by weak global economic slowdown pushes prices down
by BUNKERISTby BUNKERISTOil prices fell on Thursday as demand concerns over the global economic slowdown failed to take Saudi Arabia’s promised production cuts seriously. …
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Energy | PetroleumNews
Oil adds to losses as economic slowdown worries deepen
by BUNKERISTby BUNKERISTOil extended its losses on Wednesday as concerns deepened by global economic headwinds wiped out price gains as the biggest crude exporter, …