Post Tagged with: "supply demand"

Source: CNBC

Oil perks up after sharp week-long selloff on supply, demand concerns

CNBC

Oil prices rose on Friday, a day after sinking 5% to a four month-low on growing worries about burgeoning non-OPEC supply and cooling demand. The West Texas Intermediate contract for December rose $2.21, or 3.03%, to $75.11 per barrel, …

November 17, 2023 - 10:35 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News, Exploration and Production (E&P)
Source: Reuters

Oil prices firm on OPEC’s go-it-slow approach to adding supply

Reuters

NEW YORK/LONDON -Oil prices rebounded from losses on Wednesday after U.S. crude inventories rose by more than anticipated, and as OPEC plans to maintain its deliberate approach to adding supply to the market despite strong worldwide demand.

U.S. crude …

September 29, 2021 - 10:00 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News, OPEC
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