[ad_1] Oil steadied — after rising almost 2% on Monday — as traders tracked tensions in the Middle East, and broader markets carried a risk-off tone. Brent was little changed above $74 a barrel, while West Texas Intermediate held near $71. Investors are waiting to see how Israel will retaliate against Iran for a recent […]
Oil steadies as Middle East tensions viie with Libyan supply outlook – CNBC TV18
[ad_1] Oil steadied at the start of the fourth quarter as geopolitical risks in the Middle East, with Israel beginning ground raids inside Lebanon, vied with the prospects of a return of Libyan supply. Brent for December traded near $72 a barrel after it ended Monday modestly higher, with West Texas Intermediate above $68. Israel’s […]
Oil edges higher on Middle East tensions and China policy optimism – CNBC TV18
[ad_1] Oil edged higher after Israel launched airstrikes on Lebanon that killed nearly 500 people and boosted regional tensions, while Chinese authorities prepared to hold a briefing that’s fueling expectations for more stimulus. Brent crude rose above $74 a barrel after an 0.8% drop on Monday, with West Texas Intermediate near $71. Israel attacked targets […]
Oil falls as China’s economic concerns offset Libya disruptions – CNBC TV18
[ad_1] Oil dipped as concerns over China’s economic outlook offset supply disruptions from Libya following political unrest. Brent slipped toward $77 a barrel after closing 0.8% higher on Monday, and West Texas Intermediate was near $74. China’s growth engines are showing signs of sputtering, raising the prospect of urgent government stimulus. Oil has wiped out […]
Oil holds after three-day rally as Libya adds to supply concerns – CNBC TV18
[ad_1] Oil steadied after a three-day rally, with the threat of a halt in Libyan supply weighing against a still-shaky demand outlook. Brent crude traded above $81 a barrel after gaining around 7% since Wednesday in the biggest three-day winning streak since April last year, while West Texas Intermediate was near $77. Libya’s eastern government […]
Oil holds decline as US push for Gaza ceasefire gains momentum – CNBC TV18
[ad_1] Oil held the biggest drop in more than two weeks as the US said Israel accepted a cease-fire proposal to halt the war in Gaza, potentially easing supply risks as concerns about the demand outlook mount. Brent crude traded below $78 a barrel after shedding 2.5% on Monday, while West Texas Intermediate was near […]
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 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 […]