Oil heads for fifth week of gains
Investors are optimistic that healthy demand and supply cuts will keep prices buoyant
Source: businesslive.co.za
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Bullish Momentum Builds As Oil Markets Tighten
Investors are finding oil and other risk assets increasingly attractive, as interest rate hikes are either at their peak or nearing it and this is directly reflected in this week’s price rally
Source: oilprice.com
Oil prices rise on forecast for tighter supply
Oil prices have rallied for four weeks, buoyed by signs of constrained supplies, largely linked to output cuts by Saudi Arabia and Russia
Source: businesslive.co.za
Oil bounces back from losses on Wednesday
‘We see the oil market undersupplied,’ UBS analysts said in a report
Source: businesslive.co.za
Oil Ignores Fed Hike As WTI Hits $80
Oil prices had already forgotten about Wednesday’s rate hike by Thursday morning, with WTI hitting $80 per barrel just before noon ET
Source: oilprice.com