oil
Oil prices dropped over 7% last week
The decline was driven by slowing economic growth in China. Oil prices fell on Friday (Oct 18), with a weekly loss exceeding 7%, largely due to the economic slowdown in China, the world’s largest importer of crude oil, according to Reuters. West Texas Intermediate (WTI) crude for November delivery closed at $69.22 per barrel, down […]
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U.S. Sees largest oil stockpile increase in 5 months
U.S. gasoline reserves fell last week. Crude oil inventories in the United States rose more than expected last week, according to data released Wednesday by the U.S. Energy Information Administration (EIA), as reported by RTTNews. The EIA reported that for the week ending October 4, 2024, crude oil stocks increased by 5.810 million barrels, reaching […]
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Oil prices rose slightly as markets await data on the U.S. job market
The price of Brent crude is trading above $80 per barrel. The price of American light crude WTI for the July contract reached $75.78 per barrel. Oil prices continued to rise on Friday, with Brent returning above the $80 per barrel mark (159 liters). It briefly surpassed this level during Thursday’s trading (June 6), but […]
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The price of oil has dropped, but interest rates will remain unchanged.
Representatives of the U.S. Federal Reserve say it is still too early to consider lowering interest rates. Meanwhile, gasoline inventories in the U.S. unexpectedly increased. On Friday, oil prices fell, with Brent crude sliding further below $82 per barrel (159 liters). Market sentiment was influenced by the latest statements from Federal Reserve representatives indicating that […]
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