Oil ticks higher as investors weigh China demand outlook
[ad_1] Oil futures rose Tuesday as investors assessed data confirming a sharp slowdown in China’s economic growth last year, while looking ahead to a pickup in crude demand as the…
Oil pushes higher as traders monitor China reopening, interest rates
[ad_1] Oil futures rose Tuesday, finding support as investors continue to monitor China’s reopening and look for more clues to the size and speed of Fed rate hikes. Price action…
Oil extends slide on worries over global growth outlook
[ad_1] Oil futures fell Wednesday morning, extending a slide that analysts tied to fears over the outlook for global economic growth and surging COVID cases in China. Crude oil kicked…
Global oil demand could see surprise surge in 2023, says top hedge-fund trader
[ad_1] Global demand for crude oil could see a bigger surge than traders and analysts have penciled in for 2023 as China fully reopens its economy and the world puts…
Oil prices lifted by data showing fall in U.S. crude inventories
[ad_1] Oil futures rose Wednesday, lifted after an industry report showed U.S. crude inventories fell last week. Official government data on crude inventories is due later in the session. Price…
Stronger demand outlook lifts oil, as traders digest a hefty U.S. supply climb and Fed policy decision
[ad_1] Oil futures settled higher on Wednesday, buoyed after the International Energy Agency raised its forecast for demand growth in the year ahead, as traders digested news of a significant…
IEA raises oil demand view on gas-to-oil switching
[ad_1] A better-than-expected response to Europe’s energy crisis and surprising economic resilience among major Asian economies are boosting demand for oil as a heat source, the International Energy Agency said…
Oil extends bounce as supply worries rise
[ad_1] Oil futures rose Tuesday, finding support as the Keystone pipeline remained closed and investors gauged a potential boost to demand from China’s loosening of COVID-19 curbs. Price action West…
Oil ends lower for the session, up for the week, ahead of OPEC+ meeting, EU ban on Russian oil
[ad_1] Oil futures ended lower on Friday, but gained for the week, as investors awaited a pair of events: a Sunday meeting of the Organization of the Petroleum Exporting Countries…
Oil slumps as fears rise Fed rate hikes will crimp crude demand, dollar jumps
[ad_1] Oil fell Thursday, losing ground on fears aggressive tightening by the Federal Reserve will tip the economy into recession, while the U.S. dollar rose sharply. Price action West Texas…
Oil prices on track for 3-day winning streak as dollar extends retreat from recent highs
[ad_1] Oil futures rose early Monday, on track for a three-day winning streak, as the U.S. dollar continued to pull back from multidecade highs and investors turn their attention to…