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Auto · 30 Jul 2022
Oil Settles Up Despite OPEC+ Output Hike Plan; Supply Still Tight
Oil settled higher, supported by expectations that OPEC’s decision to increase production targets by slightly more than planned will not add that much to global supply which should…
Auto · 30 Jul 2022
Oil Prices Fall Over 2% As Fed Hikes Interest Rates
Brent crude futures for August settled down $2.7, or 2.2%, at $118.51 a barrel, having fallen as low as $117.75. U.S. West Texas Intermediate crude for July fell…
Auto · 30 Jul 2022
Oil Ticks Higher On Strong Demand, Tight Supply
Oil prices edged up on high summer fuel demand while supplies remained tight because of sanctions on Russian oil after its invasion of Ukraine.
Auto · 30 Jul 2022
Oil Swings Higher As Tight Supplies Overshadow Demand Destruction
Oil prices swung higher in volatile trading, as traders focused on tight supplies over slowing global economic growth.
Auto · 30 Jul 2022
Oil Swings Higher As Tight Supplies Overshadow Demand Destruction
Brent futures gained $1.06, or 0.9%, to settle at $120.57 a barrel, its highest since May 31. U.S. West Texas Intermediate (WTI) crude gained 91 cents, or 0.8%,…
Auto · 30 Jul 2022
Oil Swings Higher As Tight Supplies Overshadow Demand Destruction
Russian grades accounted for about 16.5% of India’s overall oil imports in May
Auto · 30 Jul 2022
Oil Prices Slump As Investors Fear Fed Rate Hikes Will Hurt Demand
Investors have been paring positions in risky assets as they assess whether inflation-fighting central banks could push the world economy into recession with higher interest rates.
Auto · 30 Jul 2022
Oil Rises On Tight Supplies; Trade Choppy On Demand Worries
Brent crude rose 26 cents to settle at $122.27 a barrel. U.S. West Texas Intermediate crude rose 26 cents to settle at $120.93 a barrel. Trade was volatile,…
Auto · 30 Jul 2022
U.S. Stocks End Down Slightly After Early Boost From Powell; Oil Falls
Major U.S. stock indexes ended down slightly Wednesday, losing early gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is “strongly committed”…
Auto · 30 Jul 2022
S.Korea Truckers End Strike; Govt Agrees To Extend Pay Guarantee
The latest round of talks were held at a major industrial transport hub near the capital, where Transport Minister Won Hee-ryong earlier warned the government may step in…