[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 rises after industry report points to US stockpile drawdown – CNBC TV18
[ad_1] Oil rose, after falling more than 2% on Tuesday, as an industry report pointed to a sizable drop in US crude stockpiles and tensions simmered in the Middle East. Brent crude climbed to around $81 a barrel, while West Texas Intermediate was below $79. The American Petroleum Institute reported inventories shrank by 5.2 million […]
Oil steady after weekly gain as traders watch for Iran reprisal – CNBC TV18
[ad_1] Oil steadied after its first weekly gain since early July, with the market still waiting for Iran’s response to last month’s assassination of a Hamas leader in Tehran. Brent traded below $80 a barrel after rising almost 4% last week, while West Texas Intermediate was near $77. Tehran reiterated over the weekend its determination […]
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 steady after risk-on gain as market watches for Iran attack – CNBC TV18
[ad_1] Oil was steady after recovering from a global market rout as investors watched for a retaliatory strike from Iran on Israel. Brent traded above $76 a barrel after closing slightly higher on Tuesday as equities led a rebound in risk assets. West Texas Intermediate was near $73. Traders continue to monitor the Middle East […]
Oil advances after three-day rout as global equity selloff eases – CNBC TV18
[ad_1] Oil gained after a three-day slump as equity futures pointed to rebounds in Japanese and US benchmarks, and the halting of production from Libya’s biggest field refocused attention on the Middle East. West Texas Intermediate climbed above $74 a barrel after losing more than 6% over the previous three sessions, while Brent closed lower […]
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 steadies near seven-week low with demand concerns mounting – CNBC TV18
[ad_1] Oil was steady near a seven-week low on a shaky demand outlook, especially in the biggest importer China. Brent crude traded below $80 a barrel after losing more than 3% over the previous two sessions, while West Texas Intermediate was around $76. Banks including Citigroup Inc. have downgraded their growth forecasts for Asia’s biggest […]
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 […]