Browsing: USOIL
Oil prices drop to five-month lows near $57 as Trump-Putin summit plans, rising U.S. inventories, and weak demand stoke fears of a global supply glut.
Oil rebounds to $65.45 as OPEC+ limits its November output hike to 137,000 bpd, easing supply fears after last week’s steep 8% selloff.
Oil dips to $69.49 as OPEC+ announces a 547,000 bpd output hike for September. Russia sanctions and Indian oil demand add uncertainty to global supply outlook.
Oil prices rise on fears of Middle East conflict escalation and Strait of Hormuz disruption. Brent nears $77 as U.S. weighs potential Iran strike.
Oil prices rise 1% as U.S. sanctions on Iran and fresh OPEC output cuts drive supply concerns. Brent nears $66, marking a two-week high ahead of holidays.
Oil prices climb 1% as China signals openness to U.S. trade talks. Supply gains and trade uncertainty still weigh on global crude demand outlook.
Oil prices climb on U.S. tariff exemptions and a 5% rise in China’s crude imports. Market eyes Iran supply risk and global demand outlook.
Oil prices dip 0.3% as markets respond to mixed U.S.-China tariff signals and weaker demand forecasts. Brent hovers near 4-year low amid global uncertainty.
U.S. oil rigs fall by 7, marking the steepest weekly drop since June 2023. Lower prices, Permian slowdown, and output forecasts shape drilling trends.
Oil falls despite a 90-day tariff pause for allies. U.S.-China trade war escalates with 125% tariffs, impacting global growth and energy demand.
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