oil demand
WTI steadies around $69.50 amid thin pre-holiday trading
WTI price moves little as trading activity remains subdued before the Christmas holiday.Oil prices received some support after recent data indicated that the US economy remained strong heading into the
WTI posts modest gains to near $69.50 as US crude stocks fall
WTI trades with mild gains near $69.50 in Thursday’s Asian session.A cautionary tone by the Fed and Chinese sluggish demand concerns undermine the WTI price.US crude oil stocks fell less
WTI steadies near $69.00 amid geopolitical risks, rise in US crude Oil stock
WTI price holds steady near $68.95 in Thursday’s Asian session. US crude stocks rose by more than expected last week, according to the EIA. The conflict between Russia-Ukraine and concern around future oil
Crude Oil Prices remains above $69.00 due to growing supply concerns over the Russia-Ukraine conflict
WTI price receives support from growing supply concerns due to rising geopolitical tensions.Kremlin warned to retaliate if Ukraine use Army Tactical Missile Systems (ATACMS).Norway’s Equinor announced a production halt at
WTI drops to near $68.00 as OPEC cuts demand view
WTI price remains on the defensive near $68.00 in Wednesday’s early Asian session.OPEC’s latest downward revision for demand growth, a stronger USD and weak China demand drag the WTI price
Crude Oil attempts to go beyond $70.00 despite IMF’s bearish outlook
Crude Oil struggles to uphold $70.00 for more than day, with more downside expected Traders expect longer sluggish demand as markets reprice Fed rate cut prospectsThe US Dollar Index broke above
Crude Oil appreciates near $69.00 due to rate cuts in PBoC, easing geopolitical tensions
WTI could receive support as PBoC rate cuts could stimulate China’s economic activity, potentially increasing Oil demand.US President Joe Biden stated that there is an opportunity to end the conflict
WTI inches higher near $70.50 following drop in US Oil stocks
WTI gained ground due to an unexpected drop in US Oil inventories.US Crude Oil Stock declined by 2.192 million barrels in the previous week, against the expected 2.3-million-barrel increase.Israel’s military
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