Oil prices remained relatively stable on Monday despite heightened tensions in the Middle East following a rocket attack in the Israeli-occupied Golan Heights. While the attack, attributed by Israel to Hezbollah, has raised fears of …
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Oil Prices Dip on Weak Chinese Demand, Gaza Ceasefire Hopes
Oil prices fell on Thursday, driven by concerns over weakening Chinese demand and expectations of a ceasefire in the Gaza conflict. Brent crude futures for September dropped 1.1% to $80.80 a barrel, while U.S. West …
Continue readingOil Prices Slip Despite Strong US Fuel Demand
Oil futures closed slightly lower on Friday, with investors weighing the impact of a weak consumer sentiment report against growing expectations of a Federal Reserve rate cut in September. Brent crude futures settled at $85.03 …
Continue readingOil Prices Rise on US Inflation Data, Rate Cut Hopes
Oil prices climbed on Thursday, with the Brent benchmark rising above $85 a barrel, driven by hopes of interest rate cuts in the United States. The surge followed data revealing a slowdown in US inflation, …
Continue readingOil Prices Slip as Gaza Talks Ease Supply Worries, Hurricane Beryl Remains a Concern
Oil prices edged lower on Monday after a four-week rally, driven by easing concerns over supply disruptions due to potential ceasefire talks in Gaza. However, the potential impact of Hurricane Beryl on US oil production …
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