Oil rose 2% on Friday and was set for a small weekly gain, as tension in the Middle East raised the risk of supply disruptions and offset the potentially bearish impact of reduced expectations for U.S. interest rate cuts this year. Brent crude futures were up $2.19, or 2.44%, at $91.93 a barrel by...
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Oil falls on U.S. refinery outage, persistent inflation
Oil prices fell by $1 on Thursday following a major U.S. refinery outage and as sticky inflation dampened hopes for near-term U.S. interest rate cuts, but worries that Iran might attack Israeli interests kept crude near six-month highs. Brent crude futures were down 68 cents, or 0.8%, to $89.80 a...
https://www.hellenicshippingnews.com/oil-falls-on-u-s-refinery-outage-persistent-inflation/
Oil prices fall on big build in US crude, fuel inventories
Oil prices fell on Wednesday after U.S. government data showed crude oil and fuel inventories swelled by much more than expected on weak demand and lower oil exports. U.S. crude stocks climbed by 5.8 million barrels in the week ended April 5, more than double the about 2.4 million barrel rise...
https://www.hellenicshippingnews.com/oil-prices-fall-on-big-build-in-us-crude-fuel-inventories/
Oil steadies after dip on Middle East ceasefire talks
Global oil benchmark Brent steadied above $91 a barrel on Monday, reducing early losses prompted by Israel withdrawing more soldiers from Gaza and committing to fresh talks on a potential ceasefire in the Middle East conflict. Brent crude futures were down 16 cents, or 0.2%, at $91.01 a barrel by...
https://www.hellenicshippingnews.com/oil-steadies-after-dip-on-middle-east-ceasefire-talks/
Gibson tanker report – New Frontier
Much of the focus over the past few years has been on the impressive ramp up of oil production in Guyana where production is on track to rise Source: GIBSON SHIPBROKERS LTD
https://www.hellenicshippingnews.com/gibson-tanker-report-new-frontier/
Oil falls ahead of US jobs data, caution on interest rates
Oil prices fell on Thursday as caution over macroeconomic activity weighed against output cuts and geopolitical tensions. Brent futures for June fell by 43 cents, or 0.5%, to $88.92 a barrel by 12:15 p.m. EDT (1615 GMT). U.S. West Texas Intermediate (WTI) futures for May fell by 57 cents, or 0.7%...
https://www.hellenicshippingnews.com/oil-falls-ahead-of-us-jobs-data-caution-on-interest-rates/
Oil prices edge lower on stronger dollar, weak US gasoline demand
Oil prices fell for the second consecutive session on Wednesday as the dollar strengthened and government data showed a surprise jump in U.S. crude and gasoline stocks. Brent crude futures for May were down 49 cents, or 0.6%, at $85.76 a barrel at 1:07 p.m. ET (1707 GMT) while the more actively...
Oil falls on weaker US gasoline demand, Gaza ceasefire hopes
Oil prices fell on Thursday, pressured by weaker U.S. gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza. Brent crude futures for May were down 68 cents, or 0.8%, to $85.27 a barrel by 12:02 p.m. EDT (1602 GMT). They fell by 1.6% on Wednesday. U.S....
https://www.hellenicshippingnews.com/oil-falls-on-weaker-us-gasoline-demand-gaza-ceasefire-hopes/
Oil slips 2% from highs ahead of Fed decision
Oil prices fell on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve’s interest rate policy announcement later in the day. Brent crude futures for May were down $1.39, or 1.59%, at $85.99 a barrel by 12:05 p.m. EDT (1605 GMT) . U.S....
https://www.hellenicshippingnews.com/oil-slips-2-from-highs-ahead-of-fed-decision/
Oil prices rise slightly as OPEC retains demand forecasts
Oil prices rose slightly on Tuesday as the market weighed bearish U.S. economic data against OPEC’s demand growth forecast and persistent geopolitical tensions. Brent futures for May delivery rose by 21 cents to $82.42 a barrel at 11:50 a.m. EDT (1550 GMT). The April U.S. West Texas Intermediate...
https://www.hellenicshippingnews.com/oil-prices-rise-slightly-as-opec-retains-demand-forecasts/