Oil down with fuel demand risks in US Oil down with fuel demand risks in US By admin on May 18, 2023 Traders cautious over US debt ceiling talks
Oil down over US inventory rise estimates, weak economic data in US, China Oil down over US inventory rise estimates, weak economic data in US, China By admin on May 18, 2023 Inventories are expected to rise by over 3.7 million barrels, relative to market expectation of 1.3 million-barrel draw
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 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 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 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
Oil extends losses as investors await US Fed interest rate policy Oil extends losses as investors await US Fed interest rate policy By admin on March 20, 2023 Both benchmarks posted their 15-month lows last week over global recession fears caused by US banking sector failures