Post Tagged with: "tight supply"

Source: Reuters

Oil prices up but headed for weekly loss as recession fears trump tight supply

BOE Report


Oil prices were up on Friday, while recession fears continued to weigh on sentiment, though worries over tight global supplies capped price declines.

 

U.S. West Texas Intermediate crude rose $2.14, or 2.09%, to $104.32 a barrel, having …

Source: Reuters

Oil up nearly $5 as tight supply outweighs recession fears

Reuters


Oil prices rose steeply on July 7 after sharp losses in the previous two sessions, as investors returned their focus to tight supply even as fears of a global recession persisted.

 

Brent Crude futures were up $4.68, or …

Source: CNBC

Oil prices climb $2 on strong demand, tight supply

CNBC


Oil prices rose almost $2 on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine.

 

Brent crude rose $1.80, or 1.6%, to $115.93 a barrel.

The …

Source: Reuters

Oil prices fall as recession fears trump tight supply

Investing


Oil prices fell as much as 3% on Wednesday after the Federal Reserve imposed in its biggest U.S. rate since the 1990s, adding to fears that the central bank will push the world’s largest economy into a recession in …

Source: Reuters

Oil settles up 1% on tight supply, U.S. crude at 13-week high

US News


NEW YORK – Oil prices gained about 1% on Tuesday, with U.S. crude settling at a 13-week high on supply concerns, including no nuclear deal with Iran, and prospects for demand growth in China, which is relaxing lockdowns

Source: Reuters

Oil edges higher on tight supply, surge in U.S. refining activity

Reuters


NEW YORK: Oil prices rose on Wednesday, buoyed by tight supplies and as U.S. refiners drove processing activity to their highest level since before the coronavirus pandemic started.

Brent crude futures for July rose by 48 cents to $114.03 …

Source: CNBC

Oil gains on tight supply as U.S. driving season looms

CNBC


Oil prices reversed early gains and moved lower Monday, despite U.S. fuel demand, tight supply and a lack of progress towards a European ban on Russian oil, as Shanghai prepares to reopen after a two-month coronavirus lockdown that fuelled …

Source: CNBC

Oil rebounds on tight supply, prospects of new Russia sanctions

CNBC


Oil prices jumped by more than $4 on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as Moscow and Kyiv held peace talks.

Brent crude futures were up $4.09, or 3.7%, at …

Source: Reuters

Oil slips but set to end week steady on tight supply

Reuters


LONDON – Oil slipped further below $74 a barrel on Friday but was on track to end the week little changed after a surprising recovery from Monday’s slide, underpinned by expectations that supply will remain tight as demand recovers.…

Source: Reuters

Crude prices in Asia jump on robust demand, tight supply

Reuters


SINGAPORE (Reuters) – Asian refiners are paying the highest premiums for Middle East and Russian crude oil in about a year, due to firm demand and more costly imports from the West, industry sources said.

High prices could prompt …