Crude Oil Price
Crude Oil rises to near $70 due to output disruptions in the US Gulf of Mexico
WTI price appreciated as Hurricane Francine caused output disruptions in the US Gulf of Mexico.Official data showed that nearly 42% of US Gulf of Mexico’s Oil production had been shut
Oil Demand Outlook Darkens: OPEC Cuts Growth Forecast for 2024, 2025
On Tuesday, OPEC revised its global oil demand growth forecast for 2024, signalling the second consecutive month of downward adjustments. The revised forecast is based on the data collected this
WTI Oil Consolidates around $68.00 due to supply disruptions caused by Tropical Storm Francine
WTI price holds its position due to operations closure at Brownsville and other smaller Texas ports on Monday.National Hurricane Center’s data indicate that at least 125,000 barrels per day of
Insiders: OPEC+ to Proceed with October Output Expansion
Six sources close to OPEC+ told Reuters that the producer group will move forward with its October oil output increase as a result of Libyan disruptions and cuts made by
WTI edges lower to near $75.00 amid China demand concerns, as Libya supply risks might cap its downside
Key Points: The US crude oil benchmark, West Texas Intermediate (WTI), was trading around $75.15 on Thursday. The WTI price falls as investors get concerned about China’s slowing economic growth.
Crude Oil Outlook for Next Week key levels to watch either upside or downside..!
Fundamental Analysis: The Federal Reserve’s decision on interest rates will likely have an effect on oil prices, and the oil market is waiting for it. Weekly EIA data and quarterly