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Oil prices drift higher with supply surplus, demand in focus

Oil prices rose but remained stable amid supply concerns and softening demand, especially in China, with uncertainties about future US production and inventory data upcoming.

investing.com • 24/12/2024 - 02:03 AM

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LCOc1

Oil prices rise, recoup some losses on signs of US inventory draw

Oil prices rose as U.S. inventories showed a draw and Middle East tensions continue. Markets focus on upcoming economic data and central bank meetings impacting oil demand.

investing.com • 30/10/2024 - 04:42 AM

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Oil prices jump 1% with Israel-Iran tensions, PMIs in focus

Oil prices increased due to escalating Middle East tensions and anticipated U.S. and EU economic data, while fears of a conflict involving Iran influenced market dynamics.

investing.com • 24/10/2024 - 01:50 AM

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LCOc1

Oil prices steady as Libya supply concerns ease, US inventories shrink

Oil prices stabilized after losses, buoyed by China's stimulus and shrinking U.S. inventories, while Libyan production recovery poses supply concerns amid rising Middle East tensions.

investing.com • 26/09/2024 - 01:57 AM

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LCOc1

Oil prices slump on oversupply concerns as Saudi-led OPEC+ eyes production hike

Oil prices fell sharply as Saudi Arabia plans to increase output in December, abandoning its $100 price target, while U.S. inventories shrank significantly amidst strong demand.