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Oil Prices Rise After Reducing Losses in the Opening Session
SadaNews - Oil prices rose after reducing their losses in the weekly opening session, as investors balanced the implications of renewed trade tensions between the United States and China against global demand prospects.
Brent crude traded above $63 a barrel after rising in the previous session fo...
Oil Prices Decline as Traders Focus on Easing Tensions in the Middle East
SadaNews - Oil prices declined as traders focused on the easing tensions in the Middle East and rising U.S. inventories.
Brent crude fell below $66 a barrel after rising over 1% on Wednesday, while West Texas Intermediate stabilized near $62.
U.S. President Donald Trump stated that Israel and...
Oil Prices Decline as Traders Focus on Easing Tensions in the Middle East
SadaNews - Oil prices have declined as traders focus on easing tensions in the Middle East and rising U.S. inventories.
Brent crude fell below $66 a barrel after rising more than 1% on Wednesday, while West Texas Intermediate crude stabilized around $62.
U.S. President Donald Trump stated that...
Slight Rise in Oil Prices as Markets Focus on U.S. Inventory Data
SadaNews - Oil prices rose slightly after a mixed report on U.S. inventories was released, as traders continued to focus on broader supply forecasts, with the "OPEC+" alliance maintaining its production increases and the expansion of U.S. output.
Brent crude climbed close to $66 a barre...
Expectations for a Sharp Decline in Oil Prices in the Coming Months
SadaNews - The U.S. Energy Information Administration, in a report released today Tuesday, expected global oil prices to decline significantly in the coming months, as the increase in production by OPEC+ member countries will lead to a large accumulation of oil inventories.
The Energy Information...
After OPEC+ Production Increase.. Oil Prices Rise
SadaNews - Oil prices rose following the announcement by the "OPEC+" alliance regarding a modest increase in production starting from next October, in a move that reflects the alliance's caution amid expectations of a global supply glut.
The new agreement is seen as a gradual retrea...