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Global oil supply hits record high in August - IEA
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Oil prices see modest rise first 2025 trading day

Oil prices saw a slight increase on the first trading day of 2025, with Brent crude rising by 16 cents to $74.80 a barrel and U.S. West Texas Intermediate crude gaining 16 cents to $71.88. Investors are closely watching China’s economic and fuel demand outlook after President Xi Jinping’s pledge to stimulate growth, according to […]

News

Oil prices drop amid concerns over weaker demand in 2025

Oil prices fell on Friday due to concerns about weaker demand growth in 2025, particularly in China, the world’s largest crude importer. As a result, global oil benchmarks were set to end the week nearly 3% lower. Brent crude futures dropped by 33 cents, or 0.45%, to $72.55 a barrel, while U.S. West Texas Intermediate […]

News

Oil prices fall amid demand concerns in China

Oil prices dropped on Friday, driven by concerns over weak demand in China, the world’s largest crude importer, as its economic recovery remains sluggish. Brent crude futures had fallen by 65 cents, or 0.9%, to $71.91 per barrel, while U.S. West Texas Intermediate crude was down 62 cents, or 0.9%, to $68.08. For the week, […]

News

Oil prices fall raise supply concerns

Oil prices dropped in early Thursday trading, largely due to a stronger U.S. dollar and concerns over increased global oil production amid slower-than-expected demand growth. Brent crude futures saw a decline of 0.6%, settling at $71.83 per barrel, while U.S. West Texas Intermediate crude dropped 0.7%, to $67.95 per barrel, according to Reuters. “The primary […]

Business

Israel-Palestine: Oil prices rise, stocks slide amid regional war fears

Oil prices rallied and global stocks mostly fell Wednesday on fears that the Israel-Hamas conflict could spill over into a regional war after a strike at a Gaza hospital dealt a blow to President Joe Biden’s diplomatic drive. Crude futures briefly vaulted three percent higher as fears grew over broadening unrest that could destabilise the […]

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  • 18th October 2023
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Silicon Valley Bank
Business

Oil prices fall after Silicon Valley Bank collapse 

The close down of Silicon Valley Bank has raised fears of new financial crises as oil prices fell on Monday along with equities. Reuters reported that Brent crude fell by 1.7 percent to $81.34 per barrel by 10.01am GMT. West Texas Intermediate crude dropped by 1.8 per cent, to $75.28 a barrel. The fear of […]

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