The prices of oil have weakened due to concerns about demand. Brent crude, which is the international oil benchmark, has fallen by 1.6% and is now at $81.77 a barrel.
Read More
Oil prices edge lower as demand concerns outweigh signs of falling inventories and strong Chinese data. Brent crude oil declined 0.5% to $84.32 a barrel.
Read More
Oil prices increased following better-than-expected economic data from China, which showed a 4.5% YoY growth in Q1, beating economists' expectations of a 4% rise.
Read More
The outlook for crude oil prices is mixed, leaving traders uncertain about the direction of the market. Brent crude oil remains steady at $86.31 a barrel.
Read More
Oil prices have been experiencing downward pressure due to uncertainty over both supply and demand since the start of the month.
Read More
The increase in crude oil prices was driven by two factors. Firstly, a moderating inflation report and a US Energy Information Administration report that emphasized tightness at the Cushing oil hub and strong demand for gasoline.
Read More
Brent oil remained relatively unchanged during the Asian trading session, hovering near the resistance level of 85.5. The latest movement was fueled by growing hopes that the US inflation data, to be released later today, would indicate a cooling trend. This, in turn, increased the possibility of the Federal Reserve adopting a hawkish stance and pausing on interest rate hikes at their May meeting, as indicated by their recent speeches.
Read More
Brent oil is trading at an intraday high of around $84.50, driven by mildly positive market sentiment and a weaker US dollar. Despite this, the black gold remains within a trading range of approximately $2.00, which has persisted for a week, as full markets return after an extended weekend. The dollar's easing is attributed to the belief that the US Federal Reserve is nearing the end of its rate hike cycle, which makes oil more affordable for holders of other currencies.
Read More
On Monday, Brent crude still in its range of 85.5 and support of 84.00 not able to make any breakout up or down.
Read MoreLOADING...