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Oil prices in third weekly plunge as demand concerns bite

Oil prices fell for a third week due to weak demand in China, concerns over inflation, and possible ceasefire in Gaza, despite positive U.S. economic indicators.

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Oil falls 1.5%, ends week lower on China demand fears

Oil futures fell 1.5% due to declining Chinese demand and potential Gaza ceasefire. Brent crude settled at $81.13; WTI at $77.16. Refiners cut back as summer driving ends.

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Oil edges higher on upbeat US economic data

Oil prices rose due to strong U.S. economic data but faced limitations from reduced Chinese imports. Ceasefire talks in Gaza may further influence supply and prices.

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Oil prices settle higher on larger draw in US crude inventories

Oil prices rose as U.S. crude inventories dropped. Canadian wildfires threaten supply, while concerns about global demand and an anticipated surplus by 2025 linger.

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Oil prices finish higher as US oil, fuel inventories ease

Oil prices rose due to decreasing U.S. crude stocks and Canadian wildfires, but concerns about weak global demand and economic slowdown persist.

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Oil prices fall 2% to six-week low on ceasefire talks, demand concerns

Oil prices fell to a six-week low amid ceasefire hopes in Gaza and demand concerns in China, while interest rate cut bets may support future prices.

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Oil market likely to be in surplus next year, Morgan Stanley says

The crude oil market is tight now but expected to surplus next year; Brent prices forecasted to decline to mid-high $70s range, according to Morgan Stanley.

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Oil drops as investors look past Biden exit, focus on weak fundamentals

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Oil settles at one-month low on Gaza ceasefire hopes

Oil prices dropped significantly amid geopolitical tensions and a strengthened dollar. A potential Gaza ceasefire and dwindling U.S. rig counts influenced the market outlook.