Oil rose about $1 a barrel on Friday. China’s economic prospects brightened, boosting expectations for fuel demand in the world’s second-largest economy, …
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Energy | PetroleumNews
Oil prices soar in its second week spurred by China’s bright economic prospects
by BUNKERISTby BUNKERISTOil prices are heading for their second straight weekly gains on Friday, largely spurred by positive economic prospects that should boost China’s …
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Energy | PetroleumNews
Oil slumps as US demand outlook blur and crude inventories rise
by BUNKERISTby BUNKERISTOil futures fell as low as $1 on Thursday amid recession fears as sharp declines in US retail sales and manufacturing output …
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Energy | PetroleumNews
Oil prices amplify gains on optimism about fuel demand as restrictions in China are lifted
by BUNKERISTby BUNKERISTOil prices rose on Wednesday, extending the gains of the previous session on optimism that lifting China’s tight COVID-19 restrictions will lead …
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Energy | PetroleumNews
Oil floats on weak Chinese economic data and hopes for a better 2023
by BUNKERISTby BUNKERISTThe U-turn in China’s COVID-19 policy at the end of 2022 supported hopes of a recovery in the country’s fuel demand this …
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Energy | PetroleumNews
Oil prices dipped on Monday, but optimism persists for fuel demand to rise in China
by BUNKERISTby BUNKERISTOil prices slumped on Monday, but optimism that China’s reopening from COVID restrictions will boost fuel demand at the world’s largest importer …
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Energy | PetroleumNews
Oil posted its biggest weekly gain since October as Chinese demand surged and the dollar plummeted
by BUNKERISTby BUNKERISTOil prices rose more than a dollar a barrel on Friday and recorded their biggest weekly gains since October, as the US …
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Oil prices slumped in the early hours of Friday, but are on track to gain more than 6% for the week amid …
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Energy | PetroleumNews
Oil drops as US inventories rise and economic uncertainties raise demand concerns
by BUNKERISTby BUNKERISTOil prices fell on Wednesday as the unexpected rise in crude and fuel stocks and economic uncertainty in the US, the world’s …