Oil Gains in Slow Year-End Trading With Focus on 2025 Risks
Oil rose in thin end-of-year trading, with investors assessing the outlook for 2025 while tracking developments in the Middle East.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Ho Chi Minh City Opens First Metro Line After Years of DelayWest Texas Intermediate climbed 1.
Oil rises, heads for weekly gain in thin year-end trade
Oil prices rose on Friday and were set for a weekly gain in low trading volume ahead of year-end, backed by expectations of lower U.S. crude stockpiles and hopes of a stimulus-driven economic recovery in China.
Oil prices set for weekly gain on China stimulus optimism
Oil prices were little changed on Friday but were set for a weekly rise amid optimism that economic stimulus efforts will prompt a recovery in China, but a stronger dollar capped gains. Brent crude futures fell 2 cents to $73.
Oil set to end last week of 2024 with modest gains on China demand hopes
Oil prices were headed for a weekly gain on Friday as optimism over demand recovery from China aided sentiments. Meanwhile, a drop in US crude oil inventories also boosted prices on Friday. “Geopolitical tensions also added uncertainty,
Oil heads for weekly gain on China stimulus hopes
Oil rose 1% on Friday and was on track for a weekly gain, spurred by expectations of a stimulus-driven economic recovery in China, the world's biggest oil importer, and by forecasts of lower U.S. inventories.
Oil prices record weekly gain on China's stronger economic growth forecast
Oil prices closed more than one per cent higher on Friday and recorded a weekly gain amid forecasts for higher economic growth in China, while investors are still evaluating the market outlook for 2025 and monitoring geopolitical developments in the Middle East.
WTI advances to near $69.50 as European energy firms focus on Oil rather than renewables
The Japanese Yen (JPY) gains ground against the US Dollar (USD) on Friday. The USD/JPY pair pulls back from its recent gains as the Japanese Yen (JPY) strengthens following the release of Tokyo ...
Crude Oil Weekly Price Forecast – Crude Oil Drops for the Week
The crude oil market continues to see a lot of sideways action overall, as the market is stuck in a well-defined range. At ...
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Rig count holds as prices rise
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Why Trump's plan to 'drill, baby, drill' is unlikely to cut gas prices and fix inflation
Yet pump prices already have plunged. The price of benchmark U.S. crude oil, called West Texas Intermediate, has ...
Oil prices rise as Israeli strikes against Yemen’s Houthis triggers ‘fear bid’
Oil prices were slightly higher on Friday as Israeli strikes against Yemen’s Houthi rebels triggered what one strategist described as a “fear bid” for the commodity. West Texas Intermediate crude for ...
Crude Oil Price Outlook – Crude Oil Continues to See Supporters
The crude oil market has been supported multiple times over the last several weeks, and it now looks like we are trying to get ready for a move to the upside. This move, while impressive, will more ...
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Equities Edge Up in Post-Christmas Trading
US benchmark equity indexes edged up ahead of Thursday's close as markets reopened after the Christmas holiday. The Nasdaq Composite rose 0.2% to 20,066. the Dow Jones Industrial Average climbed 0.1% ...
Oil Drifts Lower in Pre-Holiday Trading as Dollar Strengthens
Oil edged lower in thin pre-holiday trading as the dollar strengthened and Russia’s Druzhba pipeline resumed flows. Most Read ...
Oil edges up on China stimulus hopes, US inventory drop
Brent crude futures rose 39 cents, or 0.5 Percent , to $73.97 a barrel by 1015 GMT. U.S. West Texas Intermediate crude was at ...