Oil prices climbed on Wednesday, driven by a reduction in output from a major Libyan oil…
Tag: oil prices
Oil Prices Waver as China Casts Doubt
Oil prices fluctuated with no clear direction on Monday, caught between concerns about China’s economic health,…
Oil Prices Waver: US Inventory Drop vs. China Slowdown
Oil prices fluctuated on Thursday, caught between the decline in US inventories last week and the…
China’s Slower Growth: Oil Prices Decline
Oil prices took a hit on Tuesday, weighed down by bleak economic data from China, while…
US Crude Oil Inventories Drop as Refineries Ramp Up
Crude oil inventories in the United States experienced another decrease last week, according to the U.S.…
Oil Prices Drop as Storm Beryl’s Impact on U.S. Supply Proves Minimal
Oil prices retreated on Tuesday as concerns over supply disruptions caused by Storm Beryl’s passage through…
Citi Predicts 200 Basis Point Fed Rate Cuts by 2025, Boosting Energy Sector
Citi analysts anticipate the U.S. Federal Reserve will slash interest rates by a substantial 200 basis…
Citi’s Bearish Oil Price Forecast for 2025
Citibank stands out as one of the most pessimistic among major financial institutions regarding oil prices,…
Oil Prices Dip Slightly, Demand Concerns Resurface
Oil prices edged lower on Tuesday, retreating from the previous day’s gains, as worries about demand…
Oil Prices Waver Amidst Slowing Chinese Factories and Hopes of US Rate Cuts
Oil prices fluctuated on Monday, caught between the crossfire of slowing industrial production in China, a…
Oil Prices Rise Despite Stockpiles and Fed’s Firm Stance
Oil prices managed to stay higher on Wednesday, despite an unexpected jump in U.S. inventories and…
U.S. Oil Production Reigns Supreme for Sixth Consecutive Year
The United States has secured its position as the world’s leading oil producer for the sixth…