Oil prices rose on Thursday due to a significant drop in U.S. crude and gasoline inventories, indicating robust demand and a tighter supply environment.
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oil prices
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Oil prices rebound with U.S. crude stockpiles dropping and interest rate cut prospects improving, signaling potential economic growth and increased demand for oil.
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Oil prices hold steady as investors monitor Storm Beryl’s potential impact on Texas oil production and refining operations, awaiting clearer indications.
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Oil prices dipped on Friday as progress in ceasefire talks between Israel and Gaza outweighed concerns about potential supply disruptions. Strong summer demand and the path of Hurricane Beryl are …
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Oil prices rebound after initial fears of Hurricane Beryl disrupting oil production in the Gulf of Mexico subsided. Updated forecasts show the storm will spare key oil fields. However, analysts …
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Trading giants Trafigura and Gunvor have been on a buying spree in the Brent crude oil market, driving prices to their highest level since the benchmark’s methodology changed in 2023. …
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Oil prices defied expectations on Thursday, climbing due to worries about potential disruptions to global crude supply caused by geopolitical tensions in the Middle East and Europe, even though U.S. …
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Oil prices dropped for the third straight session due to a strong U.S. dollar and global economic concerns. Brent crude fell to $72.45 per barrel, while WTI crude dropped to …
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Oil prices surged on Thursday, fueled by a surprise draw in US crude oil inventories and speculation of a potential interest rate cut by the Federal Reserve. However, geopolitical tensions …
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Amid escalating geopolitical tensions, oil prices surged due to concerns over potential disruptions in global oil supply chains, affecting market stability and price dynamics.