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Kuwait oil price rises to USD 85.08 pb
KUWAIT: The price of Kuwaiti oil moved up by seven centsto USD 85.08 per barrel on Tuesday as opposed to USD 85.01 pb on Monday, KuwaitPetroleum Corporation (KPC) said on Wednesday. In international markets, theprice of the Brent crude…
Oil prices see stability amid prospects of long-term U.S. interest rate stability,
(MENAFN) Following a recent dip of approximately USD1 per barrel in the preceding session, oil prices exhibited stability in trading yesterday, with indications emerging that US monetary…
USA EIA Lowers Brent Oil Price Forecasts
The U.S. Energy Information Administration (EIA) lowered its Brent oil price forecast for 2024 and 2025 in its latest short term energy outlook (STEO), which was released recently.
In its May STEO, the EIA projected that the Brent…
Oil suffers weekly loss on stronger US dollar, record-high Fed rates; Brent sticks to
International crude oil prices fell by nearly $1 per barrel in the previous session as comments from US central bank officials indicated…
Oil Prices Down – 10-05-24
10:48, 11 May, 2024NEW YORK - LONDON, MAY 11, ARMENPRESS. Oil prices for 10 May:
WTI Crude Oil (Light Sweet) price at NYMEХ Stock Exchange down by 2.01% to $78.20 per barrel. Brent Crude Oil price at London’s IСE…
Oil Prices Are Rallying Once Again
Following several weeks of declines, oil prices are now rising once again on a combination of geopolitical risk, rising demand, and supply concerns.
Friday, May 10th 2024Oil prices are once again climbing after…
Oil recovers on U.S. crude storage draw, rise in Chinese imports
Oil prices rose on Thursday as falling U.S. crude inventories and higher Chinese imports supported expectations for demand growth in the world’s two largest crude-consuming nations.Brent crude futures for July were up 57 cents, or 0.7…
Warren Buffett’s Favorite Energy Stock Saw Q1 Profit Fall 40% As Oil Prices Retreat
Warren Buffett-backed Occidental Petroleum (OXY) reported mixed first-quarter earnings and revenue late Tuesday, as EPS caved more than 40%s. OXY shares edged down early Wednesday.
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Oil prices continue to rise, Brent $83.5 per barrel
Oil prices continue to rise on Tuesday morning as traders assess the situation in the Middle East.
The cost of July futures for Brent on the London ICE Futures exchange as of 8:04 a.m. is $83.48 per barrel, which is $0.15 (0.18%)…
JP Morgan Analysts Look at Next OPEC Meeting
In a report sent to Rigzone late last week, analysts at J.P. Morgan said they now expect the OPEC alliance will likely keep production targets unchanged when ministers meet on June 1.
“Building inventories and oil price below…