Oil Up on EIA Report
Oil reversed its early course to settle higher after an EIA report showed a decline in US crude inventories.
Source: rigzone.com
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Oil prices jump to 7-year highs after OPEC+ agrees to stick to gradual production hikes
Oil wells at near Moorpark, California. David McNew/Getty Images Oil prices spiked after OPEC+ agreed to keep its existing schedule of gradual hikes
Source: businessinsider.com.au
Oil Surged To 2014 Levels Monday
Oil futures surged higher Monday as OPEC+ concluded a short meeting with agreement to maintain current plans for supply increases.
Source: rigzone.com
OPEC+'s steady-as-she-goes approach alarms oil market
Oil is now joining natural gas, coal and a host of other vital commodities in a rally that threatens to upend the world’s recovery from the COVID-19 pandemic.
Source: afr.com
Oil sinks to lowest three weeks amid broader market meltdown
Oil sinks to lowest three weeks amid broader market meltdown Andres Guerra Luz, Bloomberg News Oil , Bloomberg News Oil plunged to the lowest in three weeks alongside a broader market decline with traders also concerned about growing supply from the U.S. and Iran. Futures in New York tumbled 3.3 per cent on Wednesday as increasing inflation fears rattled broader markets. Equities declined and the dollar strengthened, making raw materials priced in the currency less attractive. Meanwhile, in the oil market, a U.S. government report showed dom...
Source: bnnbloomberg.ca