Demand Fears, OPEC Increasing Output Cause Oil Prices To Decline
Meanwhile, a global oil demand forecast for 2024 is revised downward.
Source: shipandbunker.com
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Oil Price Forecast: WTI Rangebound as Demand Concerns Resurface. $80 a Barrel Incoming?
Oil prices failed to maintain yesterday's bullish momentum as markets anticipate a drop in demand in Q4 from both the US and Europe. Is WTI finally heading back to the 80.00 mark?
Source: dailyfx.com
Crude Oil Prices Fall: Oil prices eye worst weekly fall since March on demand fears, ET Auto
Crude Oil Prices Fall: On Friday, Brent futures were down 47 cents, or 0.56%, at USD 83.60 at 1411 GMT, while U.S. West Texas Intermediate crude futures were down 55 cents, or 0.67%, at USD 81.76.
Source: indiatimes.com
Robert Harvey: Oil prices eye worst weekly fall since March on demand fears
Oil prices were on track on Friday to post their steepest losses in a week since March, after another partial lifting of Russia's fuel export ban comp
Source: indiatimes.com
job data: Oil prices dip on U.S. job data, easing of Russian diesel ban
Brent and WTI futures were on course for almost 12% and 10% week-on-week declines, respectively, on Friday, as concerns that higher for longer interest rates will slow global growth and hammer fuel demand offset announcements by Saudi Arabia and Russia confirming voluntary supply cuts to the end of the year.
Source: indiatimes.com