Page 29 - John Kilduff News Today

May 4 (Reuters) - Oil prices rose on Thursday after the European Central Bank (ECB) decided to slow the pace of its interest rate hikes, but prices were unable to claw back much of this week's more than 9% decline as demand c... | 12:32pm

May 4 (Reuters) - Oil prices settled nearly unchanged on Thursday after the European Central Bank (ECB) decided to slow the pace of interest rate hikes, with prices still down more than 9% for the week on demand concerns in m... | May. 04

Oil prices rose on Thursday after the European Central Bank (ECB) decided to slow the pace of its interest rate hikes, but prices were unable to claw back much of this week's more than 9% decline as demand concerns in major consuming countries weighed.

Oil prices settled nearly unchanged on Thursday after the European Central Bank (ECB) decided to slow the pace of interest rate hikes, with prices still down more than 9% for the week on demand concerns in major consuming countries.

Oil prices were up on Friday night and secured a fourth straight week of gains after the West's energy watchdog said global demand will hit a record high this year on the back of a recovery in Chinese consumption.

* Oil headed for fourth straight week of gains * IEA warns supply OPEC+ cuts could stunt economic recovery * Global oil supply to fall by 40... | Apr. 13

Oil headed for fourth straight week of gains IEA warns supply OPEC+ cuts could stunt economic recovery Global oil supply to fall by 400,000 bpd by year end -IEA World demand to climb by 2 mln bpd in 2023, IEA says U.S. oil & gas rig count falls for third week - Baker Hughes BEIJING, |

But OPEC remains sceptical of a clear market horizon in 2023.

Again Capital's John Kilduff doesn't expect oil prices back at $100 a barrel. He explained why on CNBC's "Squawk on the Street".

Meanwhile, oil activity is stalling in the U.S.