Oil slips for third day on prospect of US rates staying high
Oil slips for third day on prospect of US rates staying high
Source: dunyanews.tv
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Traders Ditch Bullish Bets on Oil
A continuously fading war risk premium and signs that regional oil markets look well supplied prompted traders to slash last week their bullish bets on crude oil at the fastest pace in over a year
Source: oilprice.com
OPEC+ Can Stop An Oil Rally To $100
The OPEC+ group could influence oil prices by returning some of the 2 million bpd supply it is currently keeping off the market
Source: oilprice.com
Oil Market Set to Tighten as OPEC+ Sticks With Production Cuts
The OPEC+ group decided to keep its production cuts unchanged until the end of the first half of 2024, meaning oil markets are set to tighten.
Saudi Arabia United Arab Emirates Alexander Novak Ole Hansen Charles Kennedy Ministerial Monitoring Committee
Source: oilprice.com
Deutsche Bank Sees Brent Oil Price at $88 by the End of 2024
Analysts at Deutsche bank expect the price of Brent crude to climb to $88 by the end of this year due to rising demand.
Source: oilprice.com
Russia's Crude Processing Rates Drop in February
Russia’s daily crude oil processing has dropped by 4% so far in February compared to the first half of January, and by 8.6% versus the first half of February 2023
Source: oilprice.com
Red Sea Crisis Is Tightening Oil Markets
Disruptions to shipping in the Red Sea and via the Suez Canal are raising the prices of African and U.S. crude grades and expanding the backwardation in the global Brent crude benchmark
Source: oilprice.com
Will UAE shoppers, tourists rush to buy gold as price dips for first time in months?
First time since mid-December gold is below $2,000, and it could set off demand
United Arab Emirates Shamlal Ahamed Vikas Lakhwani Abu Dhabi Ole Hansen International Operations At Malabar Gold Diamonds
Source: gulfnews.com
Should UAE shoppers, tourists rush to buy gold as price dips for first time in months?
First time since mid-December gold is below $2,000, and it could set off demand
United Arab Emirates Ole Hansen Abu Dhabi Vikas Lakhwani Shamlal Ahamed International Operations At Malabar Gold Diamonds
Source: gulfnews.com
Traders Boost Bullish Bets on Oil
Money managers have become increasingly bullish on crude oil amid the geopolitical tensions in the Middle East and growing confidence that the U.S. will successfully avoid a recession this year
Source: oilprice.com