Post Tagged with: "oil rises"

Source: Reuters

Oil rises amidst demand worries and ahead of OPEC+ meeting

BOE Report


Oil prices rose in early trade on Wednesday ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar.

 

West Texas Intermediate (WTI) crude futures rose $2.26, …

Source: CNBC

Oil rises on U.S. inventory drop, Russian gas cuts

CNBC


Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a looming U.S. interest rate hike.

Industry …

Source: Reuters

Oil rises as dollar strength eases, but Fed weighs

US News


HOUSTON – Oil prices rose over 1% on Monday, bolstered by supply fears, a dip in the U.S. dollar and stronger equity markets, but prices seesawed as some worried rising U.S. interest rates would weaken fuel demand.

Brent

Source: Reuters

Oil rises on Saudi oil production expectations

Reuters


LONDON :Oil prices rose on Friday after a U.S. official told Reuters an immediate Saudi oil output boost is not expected, with further support from indications that the U.S. central bank could raise interest rates less aggressively than anticipated.…

Source: Reuters

Oil rises over $1, still set for weekly drop on recession fears

US News


LONDON – Oil rose by more than $1 a barrel on Friday supported by tight supply, although crude was heading for a second weekly fall on concern that rising interest rates could push the world economy into recession.

Source: Reuters

Oil rises on EU’s Russian oil ban effort, demand hopes

Reuters


LONDON: Oil hit its highest in seven weeks on Tuesday, supported by the European Union’s ongoing push for a ban on Russian oil imports that would tighten supply and as investors focused on higher demand from an easing of …

Source: Reuters

Oil rises but set for weekly drop as fears of weaker demand limit gains

Investing


LONDON – Oil prices rose on Friday but were headed for their first weekly loss in three weeks as worries about inflation and China’s COVID lockdowns slowing global growth offset concerns about dwindling supplies from Russia.

Brent crude futures …

Source: Reuters

Oil rises as supply concerns outweigh reduced demand, recession risks

Yahoo Finance


Oil prices rose on Thursday, reversing earlier losses, as supply concerns and geopolitical tension in Europe got the upper hand over the economic fears dogging financial markets as inflation soars.

Brent crude rose 46 cents, or 0.4%, to …

Source: Reuters

Oil rises as Libya outages add to Russia supply fears

Yahoo Finance


LONDON  -Oil rose on Monday in choppy trade, with Brent crude topping $113 a barrel, as outages in Libya deepened concern over tight global supply and the Ukraine crisis dragged on, offsetting concern over slowing Chinese demand.

Adding …

Source: Reuters

Oil rises on Russian oil production constraints

Reuters


Oil prices climbed on Tuesday as Russian oil and gas condensate production fell to 2020 lows and OPEC warned it would be impossible to replace potential supply losses from Russia.

Brent crude futures rose by $6.68, or 6.8%, to …

Source: Reuters

Oil rises above $100 as supply concerns balance Ukraine talks

Reuters


LONDONOil rose above $100 a barrel in a volatile session on Wednesday, finding support from supply concerns and easing worries about slowing Chinese demand, while signs of progress in Russia-Ukraine peace talks limited gains.

Three million barrels …

Source: CNBC

Oil rises on geopolitical risks, supply shortage

CNBC


Oil rose on Monday as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a year.

Brent crude was up 77 cents, or 0.86%, …

Source: Reuters

Oil rises after OPEC+ rebuffs U.S. call to boost output

Reuters


LONDON – Oil prices rose towards $81 a barrel on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, sticking to plans for a gradual increase in output after cuts made in the …

Source: Reuters

Oil rises as global energy crunch takes hold

Reuters


LONDON – Oil prices rose on Friday to trade 4% up on the week, buoyed by a global energy crunch that has helped gas prices to record highs and prompted China to demand increased coal production.

Energy markets have …

Source: Reuters

Oil rises on economic recovery hopes, weaker dollar

Reuters


LONDON -Oil prices rose more than $1 on Thursday, supported by optimism about the pace of the economic recovery from the pandemic, a sharp decline in U.S. crude stocks and a weaker dollar.

Brent crude was up $1.25, or …

Source: Reuters

Oil rises as threat recedes of Iran supply resuming soon

Nasdaq


TOKYO – Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a …

Source: Reuters

Oil rises as OPEC+ decides on production policy

Reuters


NEW YORK  – Oil prices surged up 3% on Thursday after news that OPEC+ reached a deal to gradually ease production cuts from May.

Brent crude rose $1.94, or 3.1%, to $64.68 a barrel by 1:25 p.m. EST (1825

Oil rises on vaccine optimism, U.S. stimulus

Oil rises on vaccine optimism, U.S. stimulus

Reuters


LONDON – Oil prices rose on Monday, supported by optimism about COVID-19 vaccinations, a U.S. stimulus package and growing factory activity in Europe despite coronavirus restrictions.

Brent crude was up 34 cents, or 0.5%, at $64.76 a barrel by …

Source: Reuters

Oil rises but remains rangebound as OPEC cuts offset virus fears

Reuters


SINGAPORE  – Oil prices edged up on Friday but traded in a tight range as demand concerns caused by new coronavirus variants and slow vaccine rollouts offset a cut in Saudi Arabian oil supply and falling U.S. oil inventories.…

January 29, 2021 - 9:00 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil rises above $55, set for weekly gain on Saudi output cut

Reuters


LONDON – Oil prices hit 11-month highs and were on track for a weekly gain on Friday, supported by Saudi Arabia’s pledge to cut output and a global stocks rally as investors looked beyond rising coronavirus cases.

Brent crude …

Source: Reuters

Oil rises on hopes U.S. pandemic stimulus will spur fuel demand

Reuters


LONDON -Oil rose on Tuesday as the United States moved towards expanding pandemic aid payments, potentially spurring fuel demand and stimulating economic growth, which pushed investors to take on more risk.

Brent crude was up 53 cents, or 1%, …

Source: CNBC

Oil rises towards $41 on U.S. Gulf shutdowns, outlook weak

CNBC


Oil rose on Tuesday towards $41 a barrel as oil companies shut down some U.S. Gulf of Mexico oil output due to a hurricane, although surging coronavirus infections and rising Libyan supply limited gains.

Companies including BP, Chevron and …

October 27, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: Reuters

Oil edges up to $42, eyeing Libya and U.S. inventories

Reuters


LONDON – Oil edged up to around $42 a barrel on Wednesday, supported by rising investor risk appetite and a report that U.S. fuel inventories fell, although rising crude supply and concern of stalling demand capped gains.

European equities …

September 23, 2020 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Oil rises on expectations demand can survive new lockdowns

Reuters


LONDON  – Oil prices rose on Tuesday as analysts took the view that renewed lockdown restrictions would have only a limited impact on fuel demand, partly reversing a steep drop in prices the previous day.

Brent crude LCOc1 was …

September 22, 2020 - 10:30 am Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

Oil rises towards $46 on U.S. inventory drop, economy hopes

Reuters


LONDON – Oil rose towards $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell and as surveys showing stronger manufacturing raised hopes of an economic recovery from the coronavirus …

Source: Reuters

Oil rises on signs of economic recovery, but new infections loom

Reuters


LONDON – Oil prices rose on Wednesday on a string of positive manufacturing data and a drawdown in U.S. crude inventories, both indicating an economic recovery, however, fears of surging coronavirus infections capped the gains.

Brent crude LCOc1 was …

Source: Reuters

Oil rises further above $26 as OPEC+ begins record cuts

Reuters


LONDON – Oil rose further above $26 a barrel on Friday as OPEC and its allies embarked on record output cuts to tackle a supply glut due to the coronavirus crisis that has been weighing on the market.

The …