Wells Fargo analysts have expressed optimism about the recent decision by OPEC+ to extend its production cuts through the end of 2024, citing it as a positive signal for oil prices. The move, in response …
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Oil Prices Stabilize Amid Golan Heights Tensions
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 …
Continue readingOil 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 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, …
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