Oil Steadies as OPEC Uncertainty Counters China’s Economic Gain
Oil rose along with Asian equities on signs of a slow recovery in China’s economy, as traders look to Thursday’s OPEC+ meeting for further direction.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto,
Bank sold over $270 million of US oil futures ahead of OPEC+ meet, source says
A single bank sold a large volume of U.S. oil futures contracts in early afternoon trading on Wednesday, a person with direct knowledge of the matter said, pushing prices down more than 1% within minutes and causing traders to scramble to decipher the reason.
OPEC+ has repeatedly stepped in to cut production and prop up prices when they start to fall below $70 per barrel. But as the ...
OPEC oil output rose for a second month in November as Libya's production recovered after resolution of a political crisis, a ...
Rising U.S. production and internal OPEC+ pressure limit the kingdom’s sway over prices. Trump is a new wild card.
Oil prices have been under pressure from high interest rates, a strong dollar, and high U.S. oil production. OPEC could ...
Crude futures give back much of yesterday's gains as the market awaits an OPEC+ decision Thursday on output levels. The group is expected to extend cuts at least until February and possibly the end of ...
Output for August 2024 was revised higher by 4 kb/d and September 2024 output was revised higher by 25 kb/d compared to last ...
OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had shuttered ...
Saudi Arabia’s sway over OPEC long meant dominance of the global oil market. But the cartel’s fractious members are pushing to pump more, in part due to the expectation of growing competition from U.S ...
Oil prices could stall in 2025 as economic weakness in China clouds the demand picture and ample global supplies outweigh ...
While OPEC has postponed production increases originally planned for October and December, the potential for a January supply ...
A broadening of US sanctions on tankers that haul Iranian crude has jammed a crucial cog of the trade, slowing the delivery ...
US President-elect Donald Trump threatens to drag the Middle-East region into a war if hostages are not released.
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