Daily Analysis UKOIL 4 May 2023
Oil prices experienced a slight recovery after reaching a 16-month low on Wednesday, but investors remain cautious about the outlook for crude due to continued volatility.
Read MoreOil prices experienced a slight recovery after reaching a 16-month low on Wednesday, but investors remain cautious about the outlook for crude due to continued volatility.
Read MoreOil prices continued their downward trend on Wednesday, following the sharp decline on Tuesday, which was the biggest fall since January.
Read MoreOil prices are on the rise as investors await a week packed with central bank meetings and economic data.
Read MoreOil prices fell on Monday due to concerns over the economic impact of a potential interest rate hike by the US Federal Reserve and weaker Chinese manufacturing data.
Read MoreOil prices are trading higher on Friday, but are set for a second consecutive week of declines due to disappointing U.S. economic data and uncertainty over further interest rate hikes, which weigh on the demand outlook. U.S. economic growth slowed more than expected in the first quarter, but jobless claims fell in the week ending April 22.
Read MoreOil prices slightly rebounded on Thursday after sharp losses in the previous sessions, driven by concerns of a potential US recession and an increase in Russian oil exports, which countered the effects of OPEC's production cuts.
Read MoreOil prices have rebounded slightly after a sharp drop that erased most of the gains from Saudi-led production cuts. Brent crude oil has gained 0.5% to reach $81 per barrel, following a 2.4% fall on Tuesday.
Read MoreOil prices are showing some gains in Europen trade, boosted by China's economic rebound and expectations for the upcoming release of the 1Q U.S. GDP reading.
Read MoreOn Monday, oil prices declined over 1% due to concerns regarding rising interest rates and the risk of recession that have weighed on the outlook for energy demand.
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