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Opec cuts oil demand forecast
Oil bounces back on short-covering after OPEC's gloomy demand forecast
Oil rebounded on Wednesday on short-covering after prices fell near a two-week low in the prior session on OPEC's demand forecast cut, while the dollar hit a seven-month high, capping crude's gains. Brent crude futures were up 61 cents,
OPEC again reduces 2024, 2025 oil demand growth forecasts, Reuters reports
OPEC lowered its forecast for global oil demand growth for 2024 and 2025 on Tuesday, highlighting weakness in China, India and other regions,
Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
Oil prices may see a drastic fall in the event that OPEC+ unwinds its existing output cuts, said market watchers. A decline to $40 a barrel would mean around 40% erasure off current crude prices. However,
MarketWatch
13h
EIA lowers 2025 oil-price forecasts on expectations for output growth
The EIA expects global
oil
inventories to increase in the second quarter of 2025 ... The agency lowered its 2025
price
...
9h
Devon Energy sees US crude oil at $60-$80 per barrel for foreseeable future
Benchmark U.S. West Texas Intermediate (WTI) crude oil will cost $60-$80 per barrel in the foreseeable future, shale producer ...
Crude Oil Prices
1d
Oil Prices Inch Higher on Supply Tightness
Oil prices have risen slightly due to tightening supply conditions, despite concerns about weakening global demand, ...
18h
on MSN
Oil prices end higher after tapping a 2-week low
Oil futures were marginally higher early Wednesday, with the U.S. benchmark consolidating below the $70-a-barrel threshold as ...
Investopedia on MSN
2d
Understanding the Correlation Between Oil and Currency
She is the CEO of Xaris Financial Enterprises and a course facilitator for Cornell University. There is a hidden string that ...
1d
on MSN
Oil prices hold near 2-week low after OPEC cuts demand view, dollar rises
Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed OPEC's latest downward revision for demand growth, a stronger U.S. dollar and ...
cbc.ca on MSN
8d
Three years of roaring oil prices could be coming to an end
In 2022, the benchmark North American
oil
price
, a crude blend known as West Texas Intermediate or WTI, was changing ...
Investopedia
1d
History of Oil Prices
She is a FINRA Series 7, 63, and 66 license holder. The
oil
market in 2020 was turned on its head by two major forces: the ...
2d
Oil Prices Steady Ahead of OPEC Report, China Stimulus Limit Gains
Both contracts had fallen by more than 5% over the previous two trading sessions. China on Friday unveiled a 10 trillion yuan ...
Tempo
4d
CPO Price Increase Forecast Through Next Year
TEMPO.CO, Bandung - The price of crude palm oil ( CPO) is expected to rise further next year. Dorab Mistry, director of ...
2d
Crude oil prices today: WTI is trading at $68.42
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...
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