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Oil prices rebound as focus shifts to Hurricane Francine impact

Oil prices increased as Hurricane Francine raises concerns about supply disruptions, impacting Gulf of Mexico production and U.S. inventories growing less than anticipated.

investing.com • 11/09/2024 - 00:59 AM

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LCO

Oil prices rebound as focus shifts to Hurricane Francine impact

Oil prices rose as Hurricane Francine threatens Gulf production. U.S. oil inventories grew less than expected, indicating potential supply challenges amid storm-related disruptions.

investing.com • 11/09/2024 - 00:59 AM

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Oil futures off lows after API data show surprise draw in US crude stocks

U.S. crude oil futures recovered slightly after API reported a surprise decline in crude stocks, with inventories down 2.8M barrels for the week ending September 6.

investing.com • 10/09/2024 - 20:51 PM

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Oil futures off lows after API data show surprise draw in US crude stocks

U.S. crude oil futures rose after a surprise decline in domestic stocks, with inventories down 2.8 million barrels. The official report is expected Wednesday.

investing.com • 10/09/2024 - 20:51 PM

Oil settles near 3-year low on weak demand outlook

Oil prices fell sharply as OPEC+ reduced its 2024 and 2025 demand forecasts, overshadowing supply disruptions caused by Tropical Storm Francine and influencing investor sentiment.

investing.com • 10/09/2024 - 00:25 AM

Oil settles near 3-year low on weak demand outlook

Brent crude futures hit a low due to OPEC's demand forecast downgrade, overshadowing concerns from Tropical Storm Francine. Energy stocks fell sharply amid slowing economic signals.

investing.com • 10/09/2024 - 00:25 AM

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Are oil prices screaming recession ahead?

Morgan Stanley predicts oil prices will remain stable through 2025 despite current demand weakness, citing a robust U.S. economy and changes in supply and OPEC strategies.

investing.com • 09/09/2024 - 18:47 PM

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LCO

Are oil prices screaming recession ahead?

Morgan Stanley predicts a soft landing for the U.S. economy, projecting Brent oil prices to fall to $75/barrel by Q4 2024 amid anticipated lower production and supply adjustments.

investing.com • 09/09/2024 - 18:47 PM

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Two killed in fire from waste overflow at top Pemex oil refinery in Mexico

A fire at Pemex's Salina Cruz refinery resulted in two deaths and one injury, caused by a storm's overflow of oily waste onto walkways. Operations continue after repairs.

investing.com • 09/09/2024 - 17:59 PM

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Two killed in fire from waste overflow at top Pemex oil refinery in Mexico

A fire at Pemex's Salina Cruz refinery resulted in two worker fatalities and an injury, triggered by storm-related drain overflow; operations temporarily paused, no major damage reported.

investing.com • 09/09/2024 - 17:59 PM

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