Oil prices hold near 2-week low after OPEC cuts demand view, dollar rises
Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed OPEC's latest downward revision for demand growth, a stronger U.S. dollar and disappointment over China's latest stimulus plan.
Given that oil demand growth next year probably won't be much more than 1 million barrels a day, a full unwinding of OPEC+ ...
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Oil prices hold near 2-week low on gloomy demand outlook(Reuters) - Oil prices held near their lowest in two weeks on Wednesday, a day after OPEC downgraded its forecast for ...
Oil futures settled higher for a third session in a row on Thursday, but that wasn’t enough to shake off their losses for the week so far, with prices for ...
Prices, meanwhile, rose on Wednesday but today reversed their gains under the weight of lower demand expectations coupled with ample supply indications. Both OPEC and IEA signaled they expected a ...
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
Oil prices edged up on Wednesday on signs of near-term supply tightness but remained near their lowest in two weeks, a day ...
OPEC's oil production increased in October due to Libya's return to full capacity, offsetting declines from other members.
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