- February 23rd, 2025
Oil prices have stabilized near their lowest point this month as the global energy market grapples with demand uncertainty, primarily due to a slowdown in China’s economic growth. Brent crude recently traded around $72 per barrel, while West Texas Intermediate...
In early trading on Tuesday, oil prices exhibited little movement as investors awaited key insights from the upcoming monthly report by the Organization of Petroleum Exporting Countries (OPEC). This report is anticipated to shed light on production levels, demand forecasts,...
Oil prices extended their decline into a second consecutive day on Monday, as concerns over a tepid demand outlook in China—the world’s largest oil importer—continued to rattle the market. Brent crude futures traded near $74 per barrel after dropping over...
Major markets in Asia felt the impact of US tech stock pullbacks on Friday, as lackluster corporate results from American tech giants led to cautious trading across the region. While oil prices surged on heightened tensions in the Middle East,...
Oil prices surged on Thursday, building on a rally from the previous day as bullish sentiment around U.S. fuel demand emerged following an unexpected drawdown in both crude and gasoline inventories. Additionally, the market responded positively to reports that OPEC+...
Oil prices saw a moderate uptick on Tuesday following a dramatic drop on Monday, with Brent crude futures increasing by 0.6% to $71.86 per barrel, while U.S. West Texas Intermediate (WTI) crude rose by 0.7% to $67.83. The bounce was...
Oil prices rebounded on Thursday following a significant retreat midweek, as traders recalibrated their positions amidst escalating tensions in the Middle East and mixed signals on global market fundamentals. Brent crude futures edged higher toward $76 per barrel, while West...
Oil prices dropped on Tuesday, retracing a portion of the previous day's nearly 2% gain, as U.S. diplomatic efforts to negotiate a ceasefire in the ongoing Middle East conflict, coupled with persistent concerns about China's sluggish economic recovery, weighed on...
Oil prices steadied on Monday after a sharp decline last week, which saw Brent and West Texas Intermediate (WTI) crude futures plummet by over 7% and 8% respectively. Concerns about slowing demand from China, the world's largest oil importer, and...
Asian trade on Thursday, oil prices rebounded slightly, reversing some of the sharp losses seen in the previous two sessions. This rally came after surprising industry data revealed an unexpected drop in U.S. crude oil stockpiles, countering broader market trends...
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