Oil prices down for fourth week in a row despite 4pc gain on Friday
OPEC+ considers additional oil supply cuts; US oil rig count rises in biggest weekly hike since Feb
Source: dunyanews.tv
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OPEC+ to consider whether more oil cuts needed, Energy News, ET EnergyWorld
Oil has slid to around $79 a barrel for Brent crude from a 2023 high in September near $98. Concern about demand and a possible surplus next year has pressured prices, despite support from the OPEC+ cuts and conflict in the Middle East.
Source: indiatimes.com
Oil Gains Over 4% Likely On Profit-Taking, Short Covering
While fundamentals took over from the war-risk premium this week, pummeling oil prices, Brent crude was gaining over 4% by midday Friday
Source: oilprice.com
Oil Futures End Session On Firm Note, But Post Sharp Weekly Loss
Crude oil futures ended sharply higher on Friday, but the most active futures contract still posted its fourth straight weekly loss amid concerns about the outlook for near term energy demand.
Source: rttnews.com
Oil prices up on stronger China data, weaker US dollar
ALBAWABA – Oil prices surged on Wednesday on the heels of surprisingly positive economic data from China and the US dollar sliding to the lowest level
Source: albawaba.com