Oil Prices: U.S. economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Federal Reserve would not cut interest rates before September.
Brent crude futures inched up 18 cents, or 0.2%, to $88.20 a barrel at 0630 GMT, while U.S. West Texas Intermediate crude futures gained 13 cents, or 0.2%, to $82.94 a barrel.
Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel demand in the US, the world's biggest oil user, contended with widening conflict risks in the key Middle East producing region. Brent crude futures inched up 18 cents, or 0.2%, to $88.20 a barrel at 0630 GMT, while US West Texas Intermediate crude futures gained 13 cents, or 0.2%, to $82.94 a barrel, Reuters reported.
Oil Updates – crude steady as market weighs US demand concerns, Middle East conflict risks arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Prices this quarter will be driven by geopolitics, major producer supply cuts, economic data out of China and Eurozone and incremental demand expectations
Oil prices were little
changed on Thursday as falling fuel demand in the U.S., the
world's biggest oil user, amid signs of a slowing economy
contended with concerns for a widening conflict in the... -April 25, 2024 at 12:38 am EDT
- MarketScreener
Oil steady as US demand concerns balance Middle East conflict risks | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Oil steady as US demand concerns balance Middle East conflict risks streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Oil eases as US demand concerns outweigh Middle East fears shafaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shafaq.com Daily Mail and Mail on Sunday newspapers.