• CL
• LCO

Oil ends week higher as investors take stock of Fed rate cuts

Oil prices fell but gained over the week due to U.S. rate cuts and supply dips, despite concerns over a slowing economy, particularly in China.

• CL
• LCO

OPEC+ production cut extension positive for oil prices, Wells Fargo says

Wells Fargo analysts view OPEC+'s extension of production cuts through 2024 as a positive move, aiming to stabilize and support higher oil prices amid global demand weaknesses.

• CL
• LCO

OPEC+ production cut extension positive for oil prices, Wells Fargo says

Wells Fargo analysts view OPEC+ extending production cuts through 2024 as a positive for oil prices, despite global economic weaknesses affecting demand.

• CL
• LCO

Oil market deficit seen temporarily supporting Brent prices in Q4 - Citi

• CL
• LCO

Oil market deficit seen temporarily supporting Brent prices in Q4 - Citi

Citi analysts predict Brent crude oil prices may temporarily rise due to demand surpassing supply, but forecast a decline to $60 per barrel by 2025 amid expected oversupply.

• CL
• LCO

Oil ends more than 1% higher on US rate cut, declining crude stockpiles

Oil prices rose over 1% due to U.S. interest rate cuts and declining inventories, despite concerns over weak demand from China's economy.

• CL
• LCO

Oil ends more than 1% higher on US rate cut, declining crude stockpiles

Oil prices rose over 1% due to U.S. interest rate cuts and declining stockpiles, despite concerns of weak demand from China's slowing economy.

• CL
• LCO

Could the relief rally in oil prices extend? JPMorgan answers

• CL
• LCO

Could the relief rally in oil prices extend? JPMorgan answers

Crude prices have rebounded over $5 per barrel but remain down $8 from last month; J.P. Morgan sees potential for continued upward movement amidst tightening inventories and geopolitical risks.

• CL
• LCO

Oil prices fall as Fed rate cut stirs economic worries, storage report mixed

Oil prices declined due to Federal Reserve's rate cut raising economic concerns, despite falling crude inventories which are linked to weather impacts.