Post Tagged with: "economic headwinds"

Source; Reuters

Oil prices fall as economic headwinds offset worries about Red Sea

Yahoo Finance


HOUSTON (Reuters) -Oil prices dipped during the first session of 2024, with economic headwinds from interest rate jitters unraveling gains from worries that tensions in the Red Sea could disrupt supplies.

Brent crude was down 62 cents, or …

Source: Reuters

Oil markets set to tighten, economic headwinds to hit growth – IEA

Nasdaq


LONDON – Oil demand is set to hit a record high this year and the market is tightening but economic headwinds and interest rate hikes have deflated growth expectations slightly, the International Energy Agency (IEA) said on Thursday.

Still, …

Source: CNBC

Oil prices edge up as supply cuts, weak dollar counter economic headwinds

CNBC


Oil prices edged higher on Tuesday supported by supply cuts by the world’s biggest oil exporters and hopes for higher demand in the developing world in the second half of 2023 despite a sluggish economic outlook.

Brent crude futures …

Source: CNBC

Oil prices bounce back from 3-week lows, but economic headwinds loom

CNBC


Oil prices rose on Friday, recovering further ground after touching three-week lows in the previous session, hit by a record decline in U.S. growth as the coronavirus ravaged the world’s biggest economy and oil consumer.

Brent crude was up …