U.S. crude oil sinks below $70 as China's latest stimulus disappoints
Crude oil futures slid to their lowest in nearly two weeks Monday following disappointing economic data from China, the world's largest crude importer, and expectations for higher U.S. production when President-elect Trump takes office.
Oil giant ExxonMobil said on Wednesday it had reached 500 million barrels of oil produced from Guyana's offshore Stabroek ...
Given that oil demand growth next year probably won't be much more than 1 million barrels a day, a full unwinding of OPEC+ ...
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...
The U.S. Department of Energy said Friday that 200 million barrels of oil have been bought and delivered for the strategic ...
The Energy Department announced the end of replenishing the nation's strategic oil reserves, which were depleted by nearly ...
OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting ...
OPEC’s fourth downside revision for global Crude Oil demand is just a drop on a hot plate. Crude Oil trades broadly flat on Wednesday after an attempt on Tuesday to bounce off a supportive floor level ...
ExxonMobil CEO Darren Woods said there's not much opportunity for the oil industry to increase production in the short term.
Oil futures rose Tuesday, bouncing after back-to-back losses that sent the U.S. benchmark back below the $70-a-barrel ...
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Understanding the Correlation Between Oil and CurrencyAt the same time, crude prices remained at around $100. By the end of 2020, Venezuela had the largest proved crude oil ...
Oil prices were edging higher in early trade but still face significant downward pressure. There is little to alleviate ...
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