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Oil futures little changes on mixed API report as weekly gasoline stocks climb

U.S. crude oil futures dipped after a mixed API report, indicating a small increase in crude inventories and a surprising rise in gasoline stocks ahead of government data release.

investing.com • 06/08/2024 - 21:01 PM

Goldman Sachs: Oil's $75 floor should withstand macro fears

Goldman Sachs analysts attribute a recent 6% decline in Brent crude oil prices to macroeconomic fears, while still projecting a $75 price floor supported by strong oil demand and limited recession risk.

investing.com • 06/08/2024 - 11:08 AM

Expanded Trans Mountain pipeline capacity fails to lift Canadian heavy oil price

TMX expansion was expected to reduce Canadian oil discounts but has widened them. Analysts blame competition, refinery outages, and weak demand, but optimism remains for future narrowing.

investing.com • 06/08/2024 - 10:02 AM

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LCO

Oil prices settle higher; signs of tighter supply end 3-day swoon

Oil prices rose as investors shifted focus to supply tightness due to geopolitical tensions and declining inventories, despite recent economic concerns and forecasted price revisions from the EIA.

investing.com • 05/08/2024 - 22:54 PM

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Oil falls, Brent settles at 7-month low after disappointing US job numbers

Brent oil prices fell to a seven-month low due to disappointing U.S. job data and weak Chinese economic indicators, raising recession fears and impacting global demand.

investing.com • 05/08/2024 - 05:55 AM

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Oil prices down but off lows as US services data ease recession fears

Oil prices fell slightly as U.S. services data eased recession fears, while Middle East tensions and Tropical Storm Debby raised concerns over supply disruptions.

investing.com • 05/08/2024 - 01:24 AM

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Oil falls as global equities selloff offsets rising Middle East tensions

Oil prices decreased amid stock market volatility, influenced by potential Middle East conflict and declining diesel demand in China, as recession fears loom over traders.

investing.com • 05/08/2024 - 00:48 AM

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LCO

Oil prices settle sharply lower on demand concerns after weak US jobs data

Oil prices fell for the fourth week due to weak U.S. job data and fears of slowing economic growth impacting oil demand, overshadowing Middle East tensions.

investing.com • 02/08/2024 - 02:05 AM

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LCO

Oil settles at 8-month low after disappointing US job numbers

Oil prices hit January lows due to disappointing U.S. jobs data and weak Chinese economic indicators, raising recession fears and concerns about global demand and supply.

investing.com • 02/08/2024 - 01:11 AM

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LCO

Oil prices settle lower as US growth jitters offset Middle East tensions

Oil prices fell amid U.S. economic growth concerns and geopolitical tensions after the killing of a Hamas leader, impacting crude demand and market sentiment.

investing.com • 01/08/2024 - 03:21 AM

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