Oil increases over US strategic reserve replenishment plan Oil increases over US strategic reserve replenishment plan By admin on May 16, 2023 US government says offers for August delivery of 3 million barrels of “sour crude oil” will be submitted by May 31
Oil up with fuel demand increase in US Oil up with fuel demand increase in US By admin on May 11, 2023 US total motor gasoline stocks fall by 3.2 million barrels last week, EIA data shows
Oil falls as markets await US inflation data Oil falls as markets await US inflation data By admin on May 9, 2023 Raging wildfires in Canada’s Alberta province impact country’s oil production, limiting further price increases
Oil up with data signaling improving demand in US ahead of Fed meeting Oil up with data signaling improving demand in US ahead of Fed meeting By admin on April 29, 2023 If Fed raises interest rates by another 25 basis points, as widely expected, demand concerns in US will worsen, putting downward pressure on prices
Oil down more than 5% during week ending April 21 Oil down more than 5% during week ending April 21 By admin on April 25, 2023 On Wednesday, larger-than-expected draw in US oil inventories signals recovery in US oil demand
Oil prices in decline due to global demand uncertainty Oil prices in decline due to global demand uncertainty By admin on April 25, 2023 Rising interest rates, global economic concerns, lower fuel demand outlook instrumental in price declines
Oil slightly up as markets focus on monetary policies Oil slightly up as markets focus on monetary policies By admin on April 25, 2023 Increased oil consumption in China boosts bullish sentiment, as does increase in travel due to relaxation of strict pandemic restrictions
Oil down as markets price in potential interest rate hikes Oil down as markets price in potential interest rate hikes By admin on April 19, 2023 US estimates fall of 2.67 million barrels in crude stocks against market expectation of 2.46 million-barrel drop
Oil up as China’s improving economic data signals strong demand Oil up as China’s improving economic data signals strong demand By admin on April 18, 2023 Positive economic data, with highest growth rate since first quarter of last year, comes after China’s strict zero-COVID period, during which oil demand fell dramatically
Oil rises over IMF optimism on economic recovery Oil rises over IMF optimism on economic recovery By admin on April 12, 2023 However, API figures show forecast rise of over 377,000 barrels in US crude oil inventories, indicating weak demand
