Post Tagged with: "oil down"

Source: Reuters

Oil down more than $1 a barrel as Angola decides to exit OPEC

Yahoo Finance


LONDON (Reuters) -Oil prices fell by more than $1 a barrel on Thursday after Angola announced it is leaving the Organization of the Petroleum Exporting Countries (OPEC). Brent crude futures were down $1.30, or 1.63%, to $78.40 a …

Source: Reuters

Oil down on China outlook, spotlight on Powell testimony

BOE Report


Oil prices opened lower on Monday after China set a lower-than-expected target for economic growth this year at around 5%, and as investors cautiously awaited U.S. Federal Reserve Chair Jerome Powell’s testimony this week.

U.S. West Texas Intermediate …

March 6, 2023 - 12:30 pm China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil down after API data shows U.S. inventory build-up

Reuters


LONDON – Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in the United States, the world’s largest oil consumer, and as pressure mounted on OPEC to increase supply.…