[ad_1] Oil extended a volatile run as investors grappled with abrupt shifts in US tariff policy, with futures returning to losses after a brief relief rally ignited by President Donald Trump’s decision to pause some levies. Brent fell below $65 a barrel, after posting its best one-day gain since October, while west Texas Intermediate was […]
Oil holds hefty gain after easing US inflation aids sentiment – CNBC TV18
[ad_1] Oil steadied, after the biggest gain in two weeks, as easing US inflation aided broader financial market sentiment. West Texas Intermediate traded below $68 a barrel after jumping 2.2% on Wednesday, with Brent crude closing near $71. US consumer prices rose at the slowest pace in four months in February, official data showed, although […]
Oil holds near six-month low as tariffs dent demand outlook – CNBC TV18
[ad_1] Oil held near the lowest level in six months as President Donald Trump’s sweeping tariffs opened up trade wars on multiple fronts, raising concerns about the outlook for energy demand. West Texas Intermediate traded near $66 a barrel after losing more than 5% over the past four sessions. Brent closed below $70 on Wednesday. […]
Oil holds advance with China stimulus and US stockpiles in focus – CNBC TV18
[ad_1] Oil steadied after an advance on Tuesday, with China’s stimulus measures and the outlook for US stockpiles in focus. Company Value Change %Change West Texas Intermediate rose above $70 a barrel after a 1.2% gain on Tuesday, with Brent closing below $74. In a bid to bolster growth, China is giving local officials more […]
Oil steadies as US crude inventories increase for third week – CNBC TV18
[ad_1] Oil steadied as US crude stockpiles expanded for a third week, with traders monitoring an escalation of the war in Ukraine. West Texas Intermediate traded near $69 a barrel after closing 0.7% lower on Wednesday, while Brent settled below $73. US crude inventories rose by 545,000 barrels last week, according to government data. The […]
Oil extends gain after stockpiles fall with focus on Middle East – CNBC TV18
[ad_1] Oil rose for a second session after US crude inventories shrank, with the market monitoring the Middle East for any potential flare-up. West Texas Intermediate traded near $69 a barrel after advancing 2.1% on Wednesday, while Brent closed above $72. US stockpiles of crude, gasoline and distillate — a category that includes diesel — […]
Oil holds sharp drop on signs Libya may soon resume production – CNBC TV18
[ad_1] Oil steadied after declining the most in two weeks as Libya’s factions reached a “compromise” on leadership for the OPEC member’s central bank, opening the way to the return of some crude production. Brent crude traded above $73 a barrel after tumbling 2.3% on Wednesday, with West Texas Intermediate below $70. Representatives from Libya’s […]
Oil extends losses as weak demand signs offset US Fed’s rate cut – CNBC TV18
[ad_1] Oil slipped for a second session as signs of weak US demand offset a steep interest rate cut from the Federal Reserve and escalating tensions in the Middle East. West Texas Intermediate declined toward $70 a barrel after losing 0.4% on Wednesday, while Brent closed below $74. US gasoline demand dropped further below 9 […]
Oil pauses near December low on signs of falling US stockpiles – CNBC TV18
[ad_1] Oil steadied near the lowest settlement since December as an industry report pointed to a big draw in US crude stockpiles, with the market taking a breather following a sharp selloff this week. West Texas Intermediate held near $69 a barrel after losing almost 6% since the start of the week. Brent closed lower […]
Oil holds two-day loss as technicals vie with stockpiles, Libya – CNBC TV18
[ad_1] Oil steadied after a two-day drop, as technical barriers stymied gains from a decline in US stockpiles and disruptions to Libyan production. West Texas Intermediate traded near $74 a barrel, while Brent crude closed around $79. Futures have lost almost 4% over the last two sessions after failing to breach the 200-day moving average. […]