[ad_1] Oil steadied after jumping on Thursday on positive US economic data and worsening supply disruptions in Libya. Brent for November traded around $79 a barrel after climbing 1.4% in the previous session, while West Texas Intermediate was below $76. A revision in US data showed the world’s largest economy growing at a slightly stronger […]
Oil heads for weekly decline on demand concerns and Gaza talks – CNBC TV18
[ad_1] Oil headed for a weekly loss — after hitting the lowest close since January midweek — on a challenging demand outlook, sinking product prices, and US efforts to secure a cease-fire in Gaza. Brent crude traded above $77 a barrel, about 3% lower this week, while West Texas Intermediate was near $73. Data this […]
Oil steadies at end of choppy week as Iran remains in spotlight – CNBC TV18
[ad_1] Oil was steady at the end of a turbulent week as the market weighed strong US economic data and a possible attack by Iran or its proxies on Israel against a lackluster Chinese demand outlook. Brent crude traded near $81 a barrel and was up around 2% for the week, with West Texas Intermediate […]
Oil poised for weekly gain with eyes on Middle East, equities – CNBC TV18
[ad_1] Oil steadied after a three-day rebound, with traders monitoring developments in the Middle East and a rally in wider markets. Brent traded near $79 a barrel after rising 1.1% on Thursday and West Texas Intermediate was above $76, as signs of resilience in the US labor market lifted stocks. The US, Qatar and Egypt […]
Oil heads for weekly drop as demand woes offset Middle East risk – CNBC TV18
[ad_1] Oil headed for a fourth weekly drop as demand concerns in the world’s two biggest economies overshadowed heightened geopolitical risk. Brent crude traded near $80 a barrel after dropping by 1.6% on Thursday, while West Texas Intermediate was below $77. Factory gauges in the US and China both showed a contraction on Thursday, indicating […]
Oil heads for third weekly loss as China weakness sets the tone – CNBC TV18
[ad_1] Oil headed for a third weekly loss — but remained in a tight trading range — as weakness in Chinese demand pressured prices, offsetting support from lower US stockpiles. Brent crude traded above $82 a barrel after a two-day advance, although that wasn’t enough to outweigh declines earlier in the week. West Texas Intermediate […]