(Investing) – LONDON -Oil prices rose slightly on Thursday as investors factored in firm winter fuel demand expectations despite large U.S. fuel inventories and macroeconomic concerns. Brent crude futures were up 35 cents, or 0.5%, at $76.51 a barrel by 1246 GMT. U.S. West Texas Intermediate crude futures gained 30 cents, or 0.4%, to $73.62. Both benchmarks fell more than 1% on
(Investing) – LONDON -Oil prices rose on Monday, remaining at their highest since mid-October as colder weather spurred buying while further support was provided by a weaker U.S. dollar and expectations of tighter sanctions on Iranian and Russian oil exports. Brent crude futures gained 49 cents, or 0.6%, to $77 a barrel by 1319 GMT, their highest since Oct. 14. U.S. West
(Oil Price) – Oil prices began the 2025 trading year with a rise in Asia on Thursday as market sentiment turned positive on expectations of stronger economic and oil demand growth. Oil prices have been rangebound for most of the fourth quarter amid concerns about demand in China and other major economies and expectations of an oversupply this year. For 2024, oil saw
(Investing) – LONDON – Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors’ concerns about a supply surplus next year. Brent crude futures were down by 38 cents, or 0.52%, to $72.56 a barrel by 1300 GMT. U.S. West Texas Intermediate crude futures were down 34 cents, or 0.49%, to $69.12 per barrel. Oil prices
(Investing) – Oil prices fell Friday, heading for a hefty weekly loss and pressured by a stronger dollar and continued demand concerns, especially in top crude importer China. A 08:55 ET (13:55 GMT), Brent oil futures expiring in February fell 0.5% to $72.43 a barrel, and West Texas Intermediate crude futures fell 2.4% to $68.91 a barrel. Oil heads for weekly losses amid dollar pressure Both
(Investing) – Oil prices rose slightly on Thursday, supported by falling U.S. crude inventories, though gains were limited after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, a move that could dampen economic growth, reduce fuel demand, and strengthen the dollar. Brent crude futures rose 44 cents, or 0.60% to $73.83 a barrel by 1414 GMT.
(Investing) – LONDON – OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China’s sputtering role as the world’s demand growth engine. The weaker outlook underlines the challenge facing OPEC+, which comprises the Organization of the Petroleum Exporting Countries and allies such
(Oil Price) – The oil market is bracing for a tough 2025, but Barclays believes the industry’s pessimism might be overdone. Brent crude hovered around $71 per barrel this week, raising chatter of a potential dip into the $50-$60 range next year. But Barclays’ analysts argue that the market’s fixation on oversupply could be cloaking the inevitable tightening of supply-demand dynamics.
(BOE Report) – Morgan Stanley bumped up its Brent price view for the second half of 2025 and said it now expects a smaller oil market surplus for the year following a decision by OPEC+ oil producers to delay and slow plans for higher output. The bank raised its Brent price forecast for the second half of 2025 to $70
(Investing) – Oil prices fell 1% on Friday and were headed for a weekly loss, as analysts continued to forecast a supply surplus in 2025 despite the OPEC+ decision to postpone planned supply increases and extend deep output cuts to the end of 2026. Brent crude futures were down 72 cents, or 1%, to $71.37 per barrel at 1415 GMT. U.S. West
(Investing) – NEW YORK – Oil futures slipped on Wednesday as traders awaited an imminent OPEC+ decision on supply, while a larger-than-expected draw in U.S. crude stockpiles last week lent some support to prices. Brent crude futures fell 38 cents, or 0.52%, to $73.24 a barrel by 11:50 a.m. EST (1650 GMT). U.S. West Texas Intermediate crude futures were down 44 cents, or
(Oil Price) – Brent Crude oil prices are set to average $76 per barrel next year, down from an expected average of $80 a barrel in 2024, amid an expected surplus on the market, according to Goldman Sachs. “Our base case is that Brent stays in a $70-85 range, with high spare capacity limiting price upside, and the price elasticity of
