Oil prices boosted gains in the second session on Friday as expectations for lower Russian production and exports offset rising inventories in …
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Energy | PetroleumNews
Oil rises as the market analysis the economic outlook and waits for inventory data
by BUNKERISTby BUNKERISTOil rose Thursday as market players reassessed their positions after the Federal Reserve raised concerns about the economy by proposing further rate …
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Energy | PetroleumNews
Oil falls on concerns the high-interest rates, poor fuel supply, and demand
by BUNKERISTby BUNKERISTOil prices fell in the third trading session on Wednesday, as expectations that the US Federal Reserve will indicate further interest rates …
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Energy | PetroleumNews
Brent crude slumps on concerns about rate hikes, global economic slowdown, and demand decline
by BUNKERISTby BUNKERISTBrent reversed the previous day’s gains as fears of the US central bank’s aggressive rate hikes, the global economic slowdown, and the …
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Energy | PetroleumNews
Oil rises on Chinese demand hopes and fears underinvestment will reduce future oil supply
by BUNKERISTby BUNKERISTOil prices rose on Monday as China’s optimism about a recovery in demand concerns that insufficient investment will reduce future oil supply, …
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Energy | PetroleumNews
Oil ended the week lower on concerns that interest rates could put pressure on demand, and the supply surplus
by BUNKERISTby BUNKERISTOil fell $2 a barrel on Friday and closed the week lower as traders worried that future US interest rate hikes could …
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Energy | PetroleumNews
Oil prices are on track to end the week with a decline amid concerns about US interest rate hikes
by BUNKERISTby BUNKERISTOil prices are on track for weekly losses as strong US economic data raises concerns that the Federal Reserve will tighten monetary …
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Energy | PetroleumNews
Oil rises on optimism of strong fuel demand in China, market ignores US stockpile rise
by BUNKERISTby BUNKERISTOil prices rose on Thursday as hopes of a strong recovery in fuel demand in China, the largest oil consumer, offset losses …
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Energy | PetroleumNews
Expectations of high-interest rate hikes, weak fuel demand, and economic recession weigh on prices
by BUNKERISTby BUNKERISTOil widened its losses on Wednesday as a much larger-than-expected increase in US crude inventories and prospects for further rate hikes raised …
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Energy | PetroleumNews
Oil prices fell after the US announced that it would release crude from the Strategic Petroleum Reserve
by BUNKERISTby BUNKERISTThe US government has announced that it will release crude from the Strategic Petroleum Reserve (SPR), as mandated by lawmakers. Oil prices …