Stay updated with breaking news from Jo R. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZFEOZQAEBBI4HLKXQJILF6TB5Q.jpg)
Oil prices dipped for a second session on Monday after Libya resumed production over the weekend while China, the world's largest crude importer, is expected to release economic data showing that its post-pandemic recovery is fizzling out.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/3UDTFEKNQ5LR7PLP3RPKRKED44.jpg)
Global oil benchmark Brent hovered above $80 a barrel on Thursday after U.S. inflation data implied interest rates in the world's biggest economy are close to their peak.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/FYGO6LCYTZKEJM3ZUPUI7VYYCI.jpg)
Oil prices eased on Wednesday, paring the previous day's gain as fears over a global economic slowdown denting fuel demand outweighed expectations of tighter supply due to output cuts announced by top exporters Saudi Arabia and Russia for August.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/VVNYBG5ZXRJSVPZ2T53ZWHLM64.jpg)
Oil prices held steady on Tuesday as markets weighed supply woes from cuts for August by top exporters Saudi Arabia and Russia against economic data that hinted at weak crude demand.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/76F4NWD7JRI7FDCEDSDRXJXL54.jpg)
Oil prices fell on Thursday, paring some of the previous day's gains, as investors took profits on concerns of further interest rate hikes dampening economic growth and global fuel demand while weak economic data in China also weighed on sentiment.