[Tree] OPEC+ oil output decisions and market fundamentals

Version 2.79 (2024-12-07 07:37:08.570000)

updates: OPEC+ delays output increases to April 2025

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Version 2.78 (2024-07-06 15:55:33.542000)

updates: Announcement of the 9th OPEC International Seminar in Vienna

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Version 2.77 (2024-06-30 15:55:40.631000)

updates: Updated information on OPEC+ decision and diverging demand forecasts

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Version 2.76 (2024-06-07 02:55:49.291000)

updates: Oil prices rise as OPEC+ reassures markets and ECB cuts interest rate

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Version 2.75 (2024-06-03 07:00:04.007000)

updates: OPEC+ extends production cuts until 2025, gradual phasing out of cuts, OPEC anticipates demand for OPEC+ crude to average 43.65 million bpd in H2 2024

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Version 2.74 (2024-06-03 04:58:57.317000)

updates: Oil prices rise after OPEC+ extends production cuts; Gaza ceasefire in focus

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Version 2.73 (2024-06-03 01:53:58.336000)

updates: Oil prices rise after OPEC+ extends production cuts; Gaza ceasefire in focus

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Version 2.72 (2024-06-03 00:53:53.925000)

updates: Oil prices fell despite OPEC+ extending production cuts until 2025

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Version 2.71 (2024-06-02 21:00:24.585000)

updates: OPEC+ extends production cuts through 2025

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Version 2.7 (2024-06-02 20:57:44.365000)

updates: OPEC+ extends production cuts through 2025

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Version 2.69 (2024-06-02 17:57:00.060000)

updates: OPEC+ extends production cuts through 2025

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Version 2.68 (2024-06-02 15:53:59.553000)

updates: Extension of production cuts through 2025

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Version 2.67 (2024-06-02 14:58:16.330000)

updates: The OPEC+ alliance extends production cuts through 2025

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Version 2.66 (2024-06-02 14:56:49.012000)

updates: OPEC+ extends production cuts through Dec. 31, 2025

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Version 2.65 (2024-06-02 14:56:33.491000)

updates: OPEC+ extends production cuts through December 31, 2025

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Version 2.64 (2024-06-02 09:55:03.944000)

updates: Additional information on the decision to extend production cuts and its potential impact on oil prices and the global economy

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Version 2.63 (2024-06-02 07:52:30.622000)

updates: The decision on whether to extend production cuts is pending

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Version 2.62 (2024-06-01 20:56:40.481000)

updates: Oil prices fluctuate amid uncertainty over OPEC+ production cuts and demand concerns

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Version 2.61 (2024-06-01 20:53:08.160000)

updates: Oil prices weaken ahead of OPEC+ meeting

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Version 2.6 (2024-05-31 16:55:07.418000)

updates: Oil prices fluctuate on US inflation data

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Version 2.59 (2024-05-31 10:57:22.245000)

updates: Oil prices set to record monthly loss on supply glut concerns

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Version 2.58 (2024-05-31 01:55:33.156000)

updates: Crude oil prices fell by about 1% on worries over weak US fuel demand and economic data that could cause the US Federal Reserve to keep interest rates higher for longer.

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Version 2.58 (2024-05-31 01:55:33.156000)

updates: Crude oil prices fell by about 1% on worries over weak US fuel demand and economic data that could cause the US Federal Reserve to keep interest rates higher for longer.

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Version 2.58 (2024-05-31 01:55:33.156000)

updates: Crude oil prices fell by about 1% on worries over weak US fuel demand and economic data that could cause the US Federal Reserve to keep interest rates higher for longer.

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Version 2.58 (2024-05-31 01:55:33.156000)

updates: Crude oil prices fell by about 1% on worries over weak US fuel demand and economic data that could cause the US Federal Reserve to keep interest rates higher for longer.

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Version 2.57 (2024-05-30 08:55:33.442000)

updates: Crude oil prices fell by about 1% on worries over weak US fuel demand and economic data that could cause the US Federal Reserve to keep interest rates higher for longer.

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Version 2.57 (2024-05-30 08:55:33.442000)

updates: Crude oil prices fell by about 1% on worries over weak US fuel demand and economic data that could cause the US Federal Reserve to keep interest rates higher for longer.

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Version 2.56 (2024-05-30 06:00:08.336000)

updates: Crude oil prices fell by about 1% on worries over weak US fuel demand and economic data that could cause the US Federal Reserve to keep interest rates higher for longer.

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Version 2.56 (2024-05-30 06:00:08.336000)

updates: Crude oil prices fell by about 1% on worries over weak US fuel demand and economic data that could cause the US Federal Reserve to keep interest rates higher for longer.

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Version 2.55 (2024-05-30 05:54:46.136000)

updates: Crude oil prices fell by about 1% on worries over weak US fuel demand and economic data that could cause the US Federal Reserve to keep interest rates higher for longer.

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Version 2.54 (2024-05-30 04:55:15.599000)

updates: New information on US stockpile data and its impact on oil prices

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Version 2.53 (2024-05-30 01:55:19.734000)

updates: Oil prices steady as US inventory draw offsets rate and inflation concerns

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Version 2.52 (2024-05-30 01:53:53.682000)

updates: Oil prices decline as US crude stockpiles data awaited

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Version 2.51 (2024-05-29 05:58:56.802000)

updates: Oil prices rise as major producers expected to maintain output cuts

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Version 2.5 (2024-05-29 01:57:20.996000)

updates: Oil prices rise as major producers expected to maintain output cuts

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Version 2.49 (2024-05-28 09:56:22.612000)

updates: Oil prices edged up on US fuel demand expectations ahead of OPEC+ meeting

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Version 2.48 (2024-05-28 05:57:10.342000)

updates: Oil prices stabilize after recovering from 3-month low

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Version 2.47 (2024-05-28 02:28:13.901000)

updates: Inflation data and OPEC+ meeting influence oil prices

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Version 2.46 (2024-05-28 01:58:20.243000)

updates: Updated information on oil prices, inflation data, and OPEC+ meeting

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Version 2.45 (2024-05-28 01:57:53.735000)

updates: Inflation data and OPEC+ meeting influence oil prices

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Version 2.44 (2024-05-27 15:58:30.689000)

updates: Brent crude oil prices rise as US summer driving season begins

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Version 2.43 (2024-05-27 05:56:08.967000)

updates: Oil prices steadied in Asian trading as markets awaited an OPEC+ meeting on June 2

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Version 2.42 (2024-05-27 01:55:24.799000)

updates: Oil prices recover slightly as traders await inflation and OPEC cues

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Version 2.42 (2024-05-27 01:55:24.799000)

updates: Oil prices recover slightly as traders await inflation and OPEC cues

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Version 2.42 (2024-05-27 01:55:24.799000)

updates: Oil prices recover slightly as traders await inflation and OPEC cues

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Version 2.41 (2024-05-25 22:56:35.271000)

updates: Oil prices dropped for the week due to concerns that strong US economic data would keep interest rates elevated, curbing fuel demand.

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Version 2.4 (2024-05-25 11:54:25.172000)

updates: Oil prices reversed losses, rose by 1% on expectations of increased summer demand in the US

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Version 2.39 (2024-05-25 10:54:35.322000)

updates: Oil prices reversed losses, increased by 1% on expectations of increased summer demand in the US

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Version 2.38 (2024-05-24 22:54:35.008000)

updates: Oil prices decline for the week on concerns over fuel demand

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Version 2.37 (2024-05-24 12:57:33.137000)

updates: Oil prices slide to three-month lows as concerns over US economy persist

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Version 2.36 (2024-05-24 06:59:01.599000)

updates: Updated information on oil prices, US rate fears, and seasonal demand

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Version 2.35 (2024-05-24 04:53:39.303000)

updates: Oil prices fell for a fourth consecutive session on US demand worries

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Version 2.34 (2024-05-24 01:59:19.621000)

updates: Oil prices steadied on Friday, but were headed for steep weekly losses as concerns over sticky inflation and high interest rates spurred doubts that demand will remain robust this year.

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Version 2.33 (2024-05-24 00:55:06.190000)

updates: Oil prices steady as firming US gasoline demand offsets rate jitters

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Version 2.32 (2024-05-23 12:59:29.772000)

updates: Oil prices rise on bullish US and China data

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Version 2.31 (2024-05-23 09:54:43.559000)

updates: Oil prices decline as US demand weakens and concerns over high interest rates persist

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Version 2.3 (2024-05-23 05:59:26.401000)

updates: Oil prices fell more than 1% as US Federal Reserve officials indicated interest rate cuts might be deferred due to sustained inflation. Brent was sold at $81.90 per barrel, losing 98 cents or 1.18%, while US West Texas Intermediate (WTI) was traded at $77.57 per barrel, losing $1.09 or 1.39%. Lower interest rates reduce borrowing costs, freeing up funds that could boost economic growth and oil demand. The US central bank has no intention of cutting rates in the near future, waiting for inflation to come down closer to its target of 2%. The US Energy Information Administration (EIA) reported an estimated inventory increase of 1.8 million barrels for the week to May 17. Gasoline inventories in the US shed 900,000 barrels in the same week, with production averaging 10 million barrels daily. Falling spot Brent over futures and softer refinery margins have pressured crude markets, likely forcing OPEC+ to extend production cuts at its June meeting to support prices.

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Version 2.29 (2024-05-23 05:55:38.559000)

updates: Updated information on US rate hike prospects and unexpected inventory build

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Version 2.28 (2024-05-23 01:53:01.838000)

updates: Updates on US rate jitters and surprise inventory build

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Version 2.27 (2024-05-22 09:00:30.504000)

updates: India's strategy of buying cheap oil from Russia has saved around $7.9 billion in the country's oil import bill during the first 11 months of the fiscal year 2022-23 and helped lower its current account deficit. Russia has become the largest supplier of crude oil to India, replacing Iraq and Saudi Arabia.

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Version 2.26 (2024-05-22 08:00:31.246000)

updates: India's strategy of buying cheap oil from Russia saves billions

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Version 2.26 (2024-05-22 08:00:31.246000)

updates: India's strategy of buying cheap oil from Russia saves billions

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Version 2.25 (2024-05-22 07:55:08.770000)

updates: Oil prices decline on prospect of prolonged high U.S. interest rates

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Version 2.24 (2024-05-22 05:55:00.188000)

updates: Updated information on US inventory build, inflationary concerns, and geopolitical risk

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Version 2.23 (2024-05-22 05:53:17.315000)

updates: Oil prices continue downward slide amid rising U.S. stockpiles, jitters over interest rate hikes

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Version 2.22 (2024-05-22 01:54:43.830000)

updates: Oil prices fell for a third straight session on expectations the Federal Reserve could keep U.S. interest rates higher for longer due to sustained inflation, potentially impacting fuel use in the world's largest oil consumer. U.S. crude oil and gasoline inventories rose last week, while distillates fell. Retail gasoline prices fell for the fourth consecutive week ahead of the Memorial Day holiday, which kicks off the U.S. peak summer driving season. Investors are awaiting minutes from the Fed's last policy meeting and weekly U.S. oil inventory data from the U.S. Energy Information Administration (EIA) due later on Wednesday.

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Version 2.21 (2024-05-22 01:52:33.807000)

updates: Information about the unexpected build in US inventories and concerns over high US interest rates

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Version 2.2 (2024-05-21 08:52:27.166000)

updates: Updates on global demand, economic uncertainty, US interest rates, oversupply, and supply disruption

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Version 2.19 (2024-05-21 05:54:49.534000)

updates: The decline in oil prices was attributed to concerns about US inflation and interest rates. Despite political uncertainty in major oil-producing countries, including the death of Iran's president and the health concerns of Saudi Arabia's king, the market remained unfazed. A drone attack damaged the Slavyansk oil refinery in Russia, prompting the country to suspend a ban on gasoline exports until June 30. However, the ban will be reinstated from July 1 to August 31.

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Version 2.18 (2024-05-21 05:52:29.619000)

updates: Oil prices fell on Tuesday due to concerns about US inflation and interest rates. The market remained unfazed by political uncertainty in major oil-producing countries. Investors are focusing on the upcoming OPEC+ meeting on June 1.

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Version 2.17 (2024-05-21 02:55:02.470000)

updates: Oil prices fall on fear of high US interest rates depressing demand

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Version 2.16 (2024-05-21 01:54:19.647000)

updates: Oil prices fall on fear of high US interest rates depressing demand

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Version 2.15 (2024-05-21 00:56:19.370000)

updates: Oil prices ease on concerns about US inflation and interest rates

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Version 2.14 (2024-05-20 19:56:36.556000)

updates: Mixed signals from US Federal Reserve and OPEC+

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Version 2.13 (2024-05-20 05:53:35.293000)

updates: Oil prices inched up in Asian trading on Monday. The previous week, crude prices had gained ground due to the prospect of interest rate cuts by the U.S. Federal Reserve and improving demand from major importer China. The U.S. government's announcement of purchasing around 3.3 million barrels of oil to replenish the Strategic Petroleum Reserve also buoyed the markets. Investors are awaiting cues on U.S. interest rates and the economy from the Federal Reserve's late-April meeting minutes and addresses from several Fed officials. The upcoming meeting of the Organization of the Petroleum Exporting Countries and its allies on June 1 will also be closely watched for updates on production cuts.

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Version 2.12 (2024-05-19 09:56:57.813000)

updates: Oil prices surged on optimism for increased demand in the US and China

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Version 2.11 (2024-05-19 06:55:12.447000)

updates: Inclusion of information about Asian LNG prices and gas prices in Europe

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Version 2.1 (2024-05-18 22:53:51.395000)

updates: Oil prices rise on optimism for increased demand

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Version 2.09 (2024-05-18 10:53:19.896000)

updates: Added information about China's industrial output, US economic indicators, and the fire at Tuapse oil refinery

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Version 2.08 (2024-05-18 03:55:24.655000)

updates: Oil prices rebound on positive demand outlook

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Version 2.07 (2024-05-13 06:55:32.155000)

updates: Uncertainties surrounding oil demand impact WTI crude oil prices

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Version 2.06 (2024-05-13 02:55:33.682000)

updates: Oil prices continue to decline due to weak fuel demand and a strong dollar. Brent crude futures fell 0.3% to $82.53 a barrel, while U.S. West Texas Intermediate crude futures dropped 0.3% to $78.03 a barrel. The decline is attributed to signs of weak demand and comments from U.S. Federal Reserve officials that dampened hopes of economic recovery. The strong dollar also makes dollar-denominated oil more expensive for investors holding other currencies. Refiners are struggling with slumping profits for diesel due to increased supplies and slow economic activity. However, the market remains supported by expectations that OPEC+ could extend supply cuts into the second half of the year. Iraq, the second-largest oil producer, is committed to voluntary production cuts agreed by OPEC+ and is willing to cooperate with member countries for stability in oil markets.

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Version 2.05 (2024-05-12 08:52:30.038000)

updates: Updates on the price of WTI Crude Oil and its speculative pressures

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Version 2.04 (2024-05-12 07:53:58.340000)

updates: Crude oil prices fell on Friday due to comments from US central bank officials indicating higher-for-longer interest rates, which could hinder demand from the world's largest crude consumers. Prices were also pressured by a strengthening US dollar and rising US fuel inventories approaching the summer driving season. However, Brent crude futures climbed after Saudi Arabia raised its official selling prices for June, signaling expectations of strong demand this summer.

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Version 2.03 (2024-05-11 05:53:14.758000)

updates: Incorporated information about crude oil prices near 2-month lows and the factors influencing them

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Version 2.02 (2024-05-10 08:58:59.254000)

updates: Oil prices rise on strong Chinese demand, weakening US labor market

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Version 2.01 (2024-05-06 05:55:44.148000)

updates: Oil prices nudge higher after Saudi Arabia hikes prices

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Version 2.0 (2024-05-06 04:56:57.824000)

updates: Saudi Arabia raises oil prices, easing geopolitical risk premiums

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Version 1.99 (2024-05-05 09:53:45.292000)

updates: Incorporated analysis of support levels and fundamentals affecting oil prices

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Version 1.98 (2024-05-05 08:54:13.330000)

updates: Incorporated additional details on the decline in oil prices and the impact of weak US job growth on investor concerns

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Version 1.97 (2024-05-04 22:53:24.455000)

updates: Oil prices settled lower on Friday, Brent crude declined more than 7% for the week, WTI fell 6.8%, US job growth slowed in April and wage gains cooled, traders raise bets on a September interest rate cut by the Federal Reserve, US energy companies cut the number of oil and natural gas rigs operating for a second week in a row, the oil and gas rig count fell to the lowest since January 2022, the market is repricing the expected timing of rate cuts, geopolitical risk premiums due to the Israel-Hamas war have faded, OPEC+ may extend voluntary oil output cuts beyond June if oil demand does not increase

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Version 1.96 (2024-05-04 10:53:26.013000)

updates: The story now includes information about the decline in oil prices and the factors contributing to it

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Version 1.95 (2024-05-04 09:56:05.838000)

updates: Updated information on oil price decline, US jobs data, interest rate cut, geopolitical tensions, ceasefire talks, and supply disruptions

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Version 1.94 (2024-05-04 07:52:48.062000)

updates: Updates on US jobs data and rate cut concerns

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Version 1.93 (2024-05-03 11:53:18.981000)

updates: Oil prices rise on expectations of extended OPEC+ output cuts

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Version 1.92 (2024-05-03 09:55:50.359000)

updates: Crude oil prices set for biggest weekly decline in three months

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Version 1.91 (2024-05-03 08:55:30.591000)

updates: Oil prices increase on expectation of extended OPEC+ output cuts

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Version 1.9 (2024-05-03 07:53:23.719000)

updates: Oil prices stabilize after weekly losses amid OPEC+ output cuts

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Version 1.89 (2024-05-03 07:52:18.396000)

updates: Oil prices edge up on prospects of OPEC+ maintaining output cuts

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Version 1.88 (2024-05-03 07:51:56.408000)

updates: Oil prices set for steepest weekly drop in three months

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Version 1.87 (2024-05-03 06:54:02.926000)

updates: Oil prices set for steepest weekly drop in three months as demand uncertainty and easing tensions in the Middle East reduce supply risks

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Version 1.86 (2024-05-03 05:52:58.390000)

updates: Oil prices set for steepest weekly drop in 3 months as demand uncertainty and easing tensions in the Middle East reduce supply risks

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Version 1.85 (2024-05-03 05:51:20.668000)

updates: Oil prices set for steepest weekly drop in 3 months as demand uncertainty and easing tensions in the Middle East reduce supply risks

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Version 1.84 (2024-05-03 02:57:14.818000)

updates: Oil prices set for biggest weekly drop since February as war risk fades

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Version 1.83 (2024-05-03 02:56:12.683000)

updates: Oil prices set for biggest weekly drop since February as war risk fades

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Version 1.82 (2024-05-03 02:51:16.392000)

updates: Oil prices are steadying, heading for weekly drop on US economy concerns

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Version 1.81 (2024-05-03 01:51:13.195000)

updates: Oil prices are steadying, heading for weekly drop on US economy concerns

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Version 1.8 (2024-05-02 23:53:20.068000)

updates: Oil prices settle near 7-week lows, focus shifts to the economy

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Version 1.79 (2024-05-01 13:56:49.042000)

updates: Updated information on U.S. crude oil prices and factors affecting them

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Version 1.78 (2024-04-30 06:57:35.068000)

updates: Added information about Middle East peace talks and US rate cut doubts

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Version 1.77 (2024-04-29 12:43:27.565000)

updates: Oil prices retreat as peace talks dampen conflict fears

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Version 1.76 (2024-04-29 07:55:36.604000)

updates: Oil prices fell in early Asian trading on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon. Stepped-up efforts to mediate a ceasefire between Israel and Hamas moderated geopolitical tensions and contributed to the weak opening on Monday. A Hamas delegation will visit Cairo on Monday for peace talks. China’s industrial profit growth slowed down in March, official data showed on Saturday, in the latest sign of frail domestic demand in the world’s second-largest economy.

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Version 1.75 (2024-04-29 05:53:04.472000)

updates: The article provides more details on the Israel-Hamas ceasefire talks and US inflation concerns, as well as the impact of China's industrial profit growth on oil prices.

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Version 1.74 (2024-04-29 03:52:52.905000)

updates: Updated information on Israel-Hamas ceasefire talks and US inflation concerns

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Version 1.73 (2024-04-29 02:55:46.488000)

updates: Oil prices fell in early Asian trading on Monday, reversing gains from Friday as US inflation data further dimmed the prospects of interest rate cuts anytime soon and boosted the dollar, which hurts oil demand. The market brushed aside potential supply disruptions stemming from Ukrainian drone strikes on the Ilsky and Slavyansk oil refineries in Russia's Krasnodar region over the weekend.

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Version 1.72 (2024-04-29 02:54:46.728000)

updates: Oil prices fall on Israel-Hamas ceasefire talks and US inflation concerns

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Version 1.71 (2024-04-29 02:53:40.225000)

updates: Oil prices slide on US rate jitters and strong dollar

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Version 1.7 (2024-04-26 15:51:43.727000)

updates: Inclusion of information about Middle East tensions and inflationary pressures

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Version 1.69 (2024-04-26 14:53:59.088000)

updates: Oil prices rise on optimism about US economic growth

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Version 1.68 (2024-04-26 07:52:16.527000)

updates: Added information about Yellen's comments on US GDP growth

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Version 1.67 (2024-04-26 06:54:18.387000)

updates: Updates on gold prices, iron ore, and copper

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Version 1.66 (2024-04-26 06:53:47.224000)

updates: US Treasury Secretary Janet Yellen's comments on US economic growth

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Version 1.65 (2024-04-26 05:52:53.555000)

updates: Oil prices rise, snapping two-week losing streak

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Version 1.64 (2024-04-26 05:51:41.326000)

updates: Oil prices rise due to US official's optimistic statement

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Version 1.63 (2024-04-26 04:54:37.160000)

updates: Oil prices rise on US official's optimistic comments

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Version 1.62 (2024-04-26 02:52:00.804000)

updates: US Treasury Secretary Janet Yellen's comments on the US economy

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Version 1.61 (2024-04-26 01:54:41.331000)

updates: Oil prices rise as US official eases market concerns over economic headwinds

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Version 1.6 (2024-04-26 00:51:20.383000)

updates: Oil prices rise as US official eases market concerns over economic headwinds

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Version 1.59 (2024-04-25 23:55:12.508000)

updates: Oil prices are heading for a narrow weekly gain ahead of the release of US inflation data, which will provide further insights into monetary policy. West Texas Intermediate is approaching $84 a barrel after a 0.9% increase on Thursday, while global benchmark Brent closed just above $89. The Federal Reserve's preferred inflation gauge is set to be released later on Friday, following data that showed a slowdown in inflation. Other indicators of price increases in the US remained higher than expected.

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Version 1.58 (2024-04-25 23:51:17.844000)

updates: Updates on US inflation data and softer oil demand

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Version 1.57 (2024-04-25 13:59:46.111000)

updates: Oil prices remain steady despite US economic slowdown

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Version 1.56 (2024-04-25 08:58:26.452000)

updates: Oil prices experienced a slight downturn amid concerns over the U.S. economy and escalating tensions in the Middle East. Brent crude futures declined by 9 cents to $86.95 a barrel, while U.S. West Texas Intermediate crude futures slipped by 7 cents to $82.74 a barrel. Geopolitical tensions, including Israeli airstrikes in Gaza, counterbalanced worries about a potential slowdown in the U.S. economy. April data revealed a four-month low in U.S. business activity, and the U.S. Federal Reserve remains concerned about high inflation and employment readings. Despite an unexpected decrease in U.S. crude oil inventories, oil prices only experienced a temporary boost before resuming their downward trend.

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Version 1.55 (2024-04-25 07:57:52.503000)

updates: Oil prices held steady, US crude inventories decreased, US business activity cooled, Israel-Hamas conflict continues

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Version 1.54 (2024-04-25 06:55:13.945000)

updates: Oil prices were little changed as falling fuel demand in the U.S. contended with concerns for a widening conflict in the Middle East. Gasoline demand in the U.S. dropped 2.8% from the previous week and is down 11% from a year ago. Distillate fuel demand also declined. The falling fuel demand is occurring amid signs of cooling U.S. business activity and as stronger-than-expected inflation and employment data means the U.S. Federal Reserve is more likely to delay expected interest rate cuts.

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Version 1.53 (2024-04-25 05:51:29.485000)

updates: Oil prices held steady, US fuel demand fell, Middle East conflict risks persist

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Version 1.52 (2024-04-25 04:53:36.050000)

updates: Oil prices fall as concerns over US economy outweigh Middle East tensions

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Version 1.51 (2024-04-25 04:53:15.775000)

updates: Oil prices dip as concerns over US demand outweigh Middle East conflicts

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Version 1.5 (2024-04-25 03:51:10.944000)

updates: Updated information on US crude stocks and US economy

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Version 1.49 (2024-04-25 00:51:10.989000)

updates: Oil prices ease due to concerns over US demand

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Version 1.48 (2024-04-24 23:52:55.169000)

updates: Oil prices hold steady as lower stockpiles offset risk-off tone

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Version 1.47 (2024-04-24 16:00:27.624000)

updates: Oil prices rebound after bullish US crude storage drawdown

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Version 1.46 (2024-04-24 13:55:46.361000)

updates: Oil prices steadied above $88 a barrel after rallying on US stock decline and business data

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Version 1.45 (2024-04-24 10:54:52.059000)

updates: Updated information on oil prices, US crude stocks, and business data

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Version 1.44 (2024-04-24 10:53:17.983000)

updates: WTI crude oil prices rise above $83 amidst volatility and geopolitical tensions

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Version 1.43 (2024-04-24 08:42:27.591000)

updates: Additional information on US interest rate cuts, Saudi Arabia's non-oil exports, Chinese car models in the Middle East, and investment deals between UAE and Oman

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Version 1.42 (2024-04-24 08:11:16.058000)

updates: Oil prices climb as US crude stocks decline and Middle East conflict continues

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Version 1.41 (2024-04-23 22:19:41.733000)

updates: WTI rises back over $83 amid additional volatility

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Version 1.4 (2024-04-23 18:21:37.706000)

updates: Oil prices rise as US dollar weakens and focus shifts to global economy

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Version 1.39 (2024-04-23 01:28:00.425000)

updates: Oil prices recover due to easing Middle East tensions

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Version 1.38 (2024-04-23 01:27:29.862000)

updates: Oil prices decline as Middle East tensions ease and US stockpiles rise

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Version 1.37 (2024-04-22 06:24:09.384000)

updates: Oil prices retreat as tensions ease between Iran and Israel

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Version 1.36 (2024-04-22 06:20:25.595000)

updates: Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics

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Version 1.35 (2024-04-22 06:19:50.609000)

updates: Oil prices fall on growth concerns and high US inventory

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Version 1.34 (2024-04-22 01:23:29.848000)

updates: Updates on US crude inventories, US sanctions on Iran, and market fundamentals

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Version 1.33 (2024-04-21 22:20:26.969000)

updates: Updates on US interest rates, US sanctions on Iran, and geopolitical tensions

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Version 1.32 (2024-04-20 15:20:09.314000)

updates: Updates on US interest rates, easing tensions in the Middle East, and WTI Crude Oil Price Forecast

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Version 1.31 (2024-04-19 02:22:22.469000)

updates: Oil prices ease on prospect of persistently high US interest rates

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Version 1.3 (2024-04-18 23:19:46.090000)

updates: Mixed US economic data, US sanctions on Venezuela and Iran, and easing tensions in the Middle East impact oil prices

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Version 1.29 (2024-04-18 12:26:59.611000)

updates: Oil prices stabilize after a 3% drop on demand concerns and easing of Middle East tension

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Version 1.28 (2024-04-18 07:24:56.122000)

updates: Oil prices stabilize after drop on demand concerns and easing of Middle East tension

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Version 1.27 (2024-04-17 21:20:04.469000)

updates: Oil prices dip on de-escalation hopes despite Iran's strike on Israel

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Version 1.26 (2024-04-17 16:18:46.036000)

updates: Oil futures slide on de-escalation hopes and US crude stock build

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Version 1.25 (2024-04-17 07:28:04.278000)

updates: Oil prices dip due to economic concerns

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Version 1.24 (2024-04-17 07:19:12.638000)

updates: Updates on US sanctions on Iran, delay in Israel's response to Iran's attack, rise in US crude stockpiles, weak economic momentum in China

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Version 1.23 (2024-04-17 07:18:49.627000)

updates: Oil prices extended losses on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in U.S. commercial stockpiles outweighed supply fears from heightened tensions in the Middle East.

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Version 1.22 (2024-04-17 05:21:43.840000)

updates: Oil prices fell slightly on Tuesday after economic headwinds offset support provided by the United States' announcement of plans to hit Iran with new sanctions after the Middle Eastern country's weekend attack on Israel. Concerns that Iran would respond to the April 1 strike on its embassy compound in Damascus had sent Brent to $92.18 on Friday, its highest level since October. But prices retreated on Monday after Iran's attack on Israel over the weekend proved to be less damaging than anticipated, and economic challenges added further pressure. U.S. Secretary Janet Yellen said the U.S. intends to hit Iran with new sanctions in coming days due to its unprecedented attack on Israel, and that these actions could seek to reduce Iran's capacity to export oil. The concerns about demand increased due to expectations that U.S. interest rate cuts would be delayed and weaker-than-expected economic data from China. The Federal Reserve will likely need more time to be confident that inflation is on the path to 2%. China's economy grew faster than expected in the first quarter, but indicators for March, including property investment, retail sales, and industrial output, showed that domestic demand remains weak. In the Middle East, Israel's war cabinet postponed its meeting to decide on a response to Iran's attack, as Western allies considered imposing new sanctions against Tehran. The attack is unlikely to result in significant sanctions on Iran's oil exports due to concerns about oil prices and China's position as a top buyer. U.S. crude oil inventories rose more than expected, while gasoline and distillates stockpiles fell.

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Version 1.21 (2024-04-17 04:22:00.466000)

updates: Updated information on oil prices, demand concerns, China's economic growth, and Middle East tensions

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Version 1.2 (2024-04-17 03:19:25.796000)

updates: Oil prices dip due to demand concerns and weak economic data

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Version 1.19 (2024-04-17 00:20:47.859000)

updates: Oil prices hold steady amid Middle East tensions and Fed outlook

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Version 1.18 (2024-04-16 18:21:17.967000)

updates: Economic woes offset geopolitical support for oil prices

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Version 1.17 (2024-04-16 14:19:51.451000)

updates: Oil prices slipped lower after Iran's attack on Israel proved to be less damaging than anticipated

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Version 1.16 (2024-04-16 08:24:18.288000)

updates: Oil prices react to Iran's attack on Israel

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Version 1.15 (2024-04-16 08:19:19.105000)

updates: Incorporated information about crude oil futures and Israel's response to Iran's attacks

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Version 1.14 (2024-04-16 07:25:20.632000)

updates: Includes additional details on China's GDP growth

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Version 1.13 (2024-04-16 06:20:08.271000)

updates: Oil prices rise on solid China growth

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Version 1.12 (2024-04-16 02:20:34.819000)

updates: Oil prices sink on de-escalation hopes following Iran strike

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Version 1.11 (2024-04-16 01:24:31.879000)

updates: Oil prices rise as Israel weighs response to Iran attack

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Version 1.1 (2024-04-15 23:18:36.263000)

updates: Oil prices slipped lower after Iran's attack on Israel

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Version 1.09 (2024-04-15 18:18:20.767000)

updates: Updated information on oil price reaction to Iran's attack on Israel

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Version 1.08 (2024-04-15 09:18:40.445000)

updates: Analysts weigh in on oil prices after Iran's attack

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Version 1.07 (2024-04-15 02:22:27.686000)

updates: Updated information on gold and oil prices after Iran's attack on Israel

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Version 1.06 (2024-04-15 02:18:47.021000)

updates: Asian shares slumped, gold prices rose, US will not support Israeli counter-offensive against Iran

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Version 1.05 (2024-04-15 00:19:41.049000)

updates: Gold prices rise, oil prices remain volatile after Iran's attack on Israel

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Version 1.04 (2024-04-14 22:18:39.444000)

updates: Updated information on Iran's attack on Israel and its impact on oil prices

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Version 1.03 (2024-04-14 20:20:19.969000)

updates: Updated information on Iran's attack on Israel and potential impact on oil prices

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Version 1.02 (2024-04-14 17:22:49.101000)

updates: The story now includes details about Iran's attack on Israel, concerns of a response, the upcoming G7 meeting, and the impact on oil prices and shipping through the Strait of Hormuz.

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Version 1.01 (2024-04-14 13:22:13.477000)

updates: Updates on Iran's attack on Israel and its impact on oil prices

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Version 1.0 (2024-04-12 06:26:20.908000)

updates: Updated information on oil prices and Middle East tensions

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Version 0.99 (2024-04-12 01:31:40.783000)

updates: Updated information on Middle East tensions and potential oil supply disruptions

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Version 0.98 (2024-04-11 07:20:19.985000)

updates: Updated information on oil prices and Middle East tensions

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Version 0.97 (2024-04-11 04:22:08.857000)

updates: New information on the Middle East crisis and concerns of Iranian involvement

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Version 0.96 (2024-04-11 02:19:39.188000)

updates: Oil prices steadied near five-month highs as an Israeli strike in Gaza undermined recent reports of ceasefire talks with Hamas. Concerns over worsening geopolitical tensions saw crude prices rise. Brent oil futures rose 0.1% to $90.55 a barrel, while West Texas Intermediate crude futures rose 0.1% to $85.50 a barrel. An Israeli airstrike in the Gaza Strip fed into growing concerns that ceasefire talks between Israel and Hamas will fall through. Iran also maintained its threat of potential military action against Israel. Official data showed US crude inventories grew 5.8 million barrels in the week to April 5, much more than expectations for a build of 0.9 million. The build marked a third consecutive week of outsized growth in US inventories.

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Version 0.95 (2024-04-11 00:25:50.579000)

updates: Israeli attack raises concerns and pushes oil prices higher

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Version 0.94 (2024-04-10 08:19:07.881000)

updates: Oil prices rise due to Middle East concerns

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Version 0.93 (2024-04-10 06:21:40.925000)

updates: Includes information about ceasefire talks and supply concerns

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Version 0.92 (2024-04-10 06:19:09.751000)

updates: Middle East concerns offset US crude stock buildup

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Version 0.91 (2024-04-09 06:24:39.377000)

updates: Updated information on OPEC+ production policy and geopolitical tensions

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Version 0.9 (2024-04-08 03:18:50.873000)

updates: OPEC+ confirms production cuts until June, Brent prices surge

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Version 0.89 (2024-04-06 14:18:33.007000)

updates: Integration of new information about escalating global tensions and OPEC+ production policies

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Version 0.88 (2024-04-06 06:18:30.567000)

updates: Updated oil prices, geopolitical tensions, and supply concerns

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Version 0.87 (2024-04-06 03:18:33.685000)

updates: Updated oil prices and supply disruption information

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Version 0.86 (2024-04-05 10:20:07.401000)

updates: Updated information on geopolitical tensions and supply concerns

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Version 0.85 (2024-04-05 08:20:03.516000)

updates: Oil prices extended gains on Friday and headed for a second weekly gain, supported by geopolitical tensions in Europe and the Middle East, concerns over tightening supply and optimism about global fuel demand growth as economies improve. Brent crude climbed 59 cents, or 0.7 percent, to $91.24 a barrel by 9:46 a.m. Saudi time. US West Texas Intermediate crude was at $87.02 a barrel, up 43 cents, or 0.5 percent. Both benchmarks settled at their highest since October on Thursday. Brent and WTI are set to notch a more than 4 percent gain this week, climbing for a second straight week, after third-largest Organization of the Petroleum Exporting Countries producer Iran vowed revenge against Israel for an attack that killed high-ranking Iranian military personnel. Ongoing Ukrainian drone attacks on refineries in Russia may have disrupted more than 15 percent of Russian capacity, a NATO official said on Thursday, hitting the country’s fuel output. OPEC and its allies including Russia, known as OPEC+, this week kept their oil supply policy unchanged and pressed some countries to increase compliance with output cuts. Heavy oil supply has also tightened globally after Mexico and the UAE cut exports of these grades. This comes amid solid global oil demand growth of 1.4 million barrels per day in the first quarter.

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Version 0.84 (2024-04-05 07:20:50.796000)

updates: Updated oil prices, geopolitical tensions, supply concerns, and analyst predictions

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Version 0.83 (2024-04-05 06:19:53.201000)

updates: Geopolitical tensions in Europe and the Middle East, concerns over tightening supply, and optimism about global fuel demand growth

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Version 0.82 (2024-04-05 05:20:37.021000)

updates: Updated oil prices, geopolitical tensions, and supply concerns

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Version 0.81 (2024-04-05 03:19:04.557000)

updates: Oil prices set for second consecutive weekly gain

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Version 0.8 (2024-04-05 02:18:01.614000)

updates: Updated information on geopolitical tensions, supply disruptions, and demand growth

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Version 0.79 (2024-04-04 06:23:22.811000)

updates: Oil prices reached highest levels in five months, concerns about supply disruptions in the Middle East, attacks on Russian refineries, mixed reports on U.S. inventories

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Version 0.78 (2024-04-04 06:19:15.294000)

updates: Oil prices surge to five-month highs amid Middle East tensions

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Version 0.77 (2024-04-04 03:18:41.125000)

updates: Oil prices extended gains after OPEC+ confirmed production cuts

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Version 0.76 (2024-04-04 00:17:55.161000)

updates: Oil prices extended gains after OPEC+ confirmed production cuts

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Version 0.75 (2024-04-03 15:22:10.383000)

updates: Oil prices rise in March, revised demand growth projection

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Version 0.74 (2024-04-03 06:23:20.051000)

updates: Oil prices stabilize amid concerns over supply disruptions

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Version 0.73 (2024-04-03 01:20:20.973000)

updates: Oil prices reach five-month high, OPEC meeting awaited

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Version 0.72 (2024-04-02 09:23:27.594000)

updates: Oil prices reach five-month high due to Mexico supply cut and Middle East risks

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Version 0.71 (2024-04-02 04:19:18.630000)

updates: Updated information on oil prices, OPEC+ cuts, and Chinese manufacturing data

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Version 0.7 (2024-04-02 03:22:29.255000)

updates: Updated information on oil prices, manufacturing data, and Middle East tensions

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Version 0.69 (2024-04-02 01:23:17.312000)

updates: Oil prices gain on upbeat manufacturing data and Middle East tensions

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Version 0.68 (2024-04-01 18:18:57.466000)

updates: Oil prices rise on upbeat Chinese manufacturing data and Iraq production cuts

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Version 0.67 (2024-04-01 17:19:29.893000)

updates: Oil prices rise on upbeat Chinese manufacturing data and Iraq production cuts

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Version 0.66 (2024-04-01 10:25:48.788000)

updates: Oil prices rose on Monday, adding to recent gains amid expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries, and upbeat Chinese manufacturing data.

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Version 0.65 (2024-04-01 10:19:41.369000)

updates: Oil prices rebounded on expectations of tighter supplies and strong Chinese economy Oil prices jumped more than $1 a barrel on the prospect of OPEC+ staying the course on production cuts, ongoing attacks on Russia’s energy infrastructure, and a falling US rig count tightening crude supplies Increased geopolitical risk has raised expectations of possible supply disruption A Ukrainian drone attack on a Russian refinery has resulted in a production shutdown US refinery utilization rates rose The oil and gas rig count fell The US economy grew in the fourth quarter Key events in the week ahead include the OPEC+ JMMC meeting, the US Energy Information Agency (EIA) report, and the US March nonfarm payrolls (NFP) Oil prices edged down slightly on Monday amid expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries, and upbeat Chinese manufacturing data Russian oil companies will focus on reducing output Drone attacks knocked out several Russian refineries Almost 1 million barrels per day of Russian crude processing capacity is offline Oil demand in Europe was firmer than expected China’s manufacturing activity expanded for the first time in six months Investors are watching US economic data for signs of when the Federal Reserve will cut interest rates

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Version 0.64 (2024-04-01 08:20:09.032000)

updates: Oil prices rose on Monday, with Brent crude rising 24 cents to $87.24 a barrel and US West Texas Intermediate crude rising 28 cents to $83.45 a barrel. The rise in prices is attributed to expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries, and upbeat Chinese manufacturing data supporting improving demand. Trade volumes are expected to be thin on Monday due to Easter holidays. Russian oil companies will focus on reducing output rather than exports in Q2 2024 to evenly spread production cuts with other OPEC+ member countries. Drone attacks from Ukraine have knocked out several Russian refineries, impacting its high-sulfur fuel oil exports. Oil demand in Europe was firmer than expected, rising 100,000 bpd in February. Crude oil production by the US dropped 6 percent in January from December's record high due to freezing weather. China's manufacturing activity expanded for the first time in six months in March, supporting oil demand. Investors are also monitoring US economic data for signs of when the Federal Reserve will cut interest rates this year to support the global economy and oil demand.

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Version 0.63 (2024-04-01 05:18:21.832000)

updates: Oil prices rebounded on expectations of tighter supply and strong US economy. Brent crude settled at $87.30 a barrel, while WTI settled at $82.63. OPEC+ expected to maintain production cuts. Russian refineries impacted by drone attacks. China's manufacturing sector expanded in March. US economy grew faster than previously estimated in Q4 2023. US refinery utilization rates rose. Oil and gas rig count fell. US crude oil inventories expected to impact prices. US March nonfarm payrolls could influence oil markets. Technical forces indicate positive momentum for crude oil. Oil prices edged down slightly on Monday. Russian oil companies to focus on reducing output. Oil demand in Europe and China supported by manufacturing activity. Investors watching US economic data for signs of interest rate cuts.

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Version 0.62 (2024-04-01 04:18:02.975000)

updates: Updated information on oil prices, OPEC+ cuts, Chinese manufacturing, Russian refineries, and oil demand

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Version 0.61 (2024-04-01 02:23:00.778000)

updates: Updates on OPEC+ cuts, attacks on Russian refineries, Chinese manufacturing data, and global economy

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Version 0.6 (2024-03-30 11:18:35.176000)

updates: Oil prices rebound on bullish breakout prospects

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Version 0.59 (2024-03-30 09:19:51.725000)

updates: Oil prices rise over $1 a barrel on tighter supply outlook, reaching highest level since October 27

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Version 0.58 (2024-03-29 10:24:23.936000)

updates: Oil prices rebounded on expectations of tighter supplies and strong US economy. Increased geopolitical risk and falling US rig count also supported prices.

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Version 0.57 (2024-03-29 10:21:12.910000)

updates: Oil prices rebounded; OPEC+ staying the course on production cuts; ongoing attacks on Russia’s energy infrastructure; falling US rig count tightening crude supplies

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Version 0.56 (2024-03-29 08:25:56.828000)

updates: Oil prices rebounded; OPEC+ staying the course on production cuts; ongoing attacks on Russia’s energy infrastructure; falling US rig count tightening crude supplies

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Version 0.55 (2024-03-29 08:17:54.895000)

updates: Oil prices jumped more than $1 a barrel on Thursday, closing out the month higher on the prospect of OPEC+ staying the course on production cuts, ongoing attacks on Russia’s energy infrastructure, and a falling US rig count tightening crude supplies.

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Version 0.54 (2024-03-29 00:21:20.495000)

updates: Oil prices rebound on expectations of tighter supplies and strong US economy

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Version 0.53 (2024-03-28 19:25:10.369000)

updates: Incorporated information about WTI crude oil rally, strong US economic data, and increased imports from China and India

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Version 0.52 (2024-03-28 18:20:53.122000)

updates: Oil prices rose by more than $1 a barrel on Thursday, after falling for two consecutive sessions, as investors anticipated tighter supplies given the OPEC+ producer alliance is widely expected to stay the course on its current production cuts.

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Version 0.51 (2024-03-28 06:21:54.265000)

updates: Oil prices rebound after reassessing US inventories data

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Version 0.5 (2024-03-28 06:18:57.980000)

updates: Oil prices rebound after reassessing US inventories data

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Version 0.49 (2024-03-28 03:20:25.189000)

updates: Oil prices rebound after reassessment of US inventories data

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Version 0.48 (2024-03-28 02:23:01.786000)

updates: Integration of information on Q1 performance and tighter supplies

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Version 0.47 (2024-03-28 01:24:16.060000)

updates: Oil prices rebound after reassessment of inventories data

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Version 0.46 (2024-03-27 08:19:05.275000)

updates: Oil prices continued to decline following US data on crude inventories

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Version 0.45 (2024-03-27 07:19:51.690000)

updates: Oil prices fell for a second day due to surge in US stockpiles and OPEC+ output policy

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Version 0.44 (2024-03-27 06:19:58.771000)

updates: Oil prices fell for a second day after US crude inventories surged

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Version 0.43 (2024-03-27 03:17:46.310000)

updates: Oil prices fell on surprise build in US inventories

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Version 0.42 (2024-03-25 03:19:32.175000)

updates: Updates on WTI crude oil prices, OPEC+ production cuts, and Middle East tensions

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Version 0.41 (2024-03-25 02:23:26.321000)

updates: Oil prices rise amid dimming hopes for Gaza ceasefire and tightening supply outlook

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Version 0.4 (2024-03-22 10:21:14.469000)

updates: Updates on fuel oil benchmarks and stockpiles at key hubs

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Version 0.39 (2024-03-22 04:23:22.319000)

updates: WTI Crude Oil prices remain under selling pressure amid concerns of supply disruptions and ongoing Gaza ceasefire talks

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Version 0.38 (2024-03-22 01:26:46.945000)

updates: Oil traders anticipate significant stock fall after OPEC extends cuts

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Version 0.37 (2024-03-22 00:21:28.018000)

updates: Oil prices settle lower on weaker US gasoline demand

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Version 0.36 (2024-03-21 14:22:18.696000)

updates: Oil prices steady after surprise US crude stock drop

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Version 0.35 (2024-03-21 07:19:08.071000)

updates: Incorporated information about the weaker dollar and Fed's rate cut announcement

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Version 0.34 (2024-03-21 05:20:35.962000)

updates: WTI crude oil prices trade with modest gains above mid-$81,00s

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Version 0.33 (2024-03-21 04:20:35.328000)

updates: Oil prices rise on declining US stockpiles

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Version 0.32 (2024-03-21 03:21:24.970000)

updates: Oil prices rise due to weaker dollar and Fed's rate cut talk

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Version 0.31 (2024-03-21 01:23:45.416000)

updates: Oil prices retreated from multi-month highs as a stronger dollar dampened demand.

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Version 0.3 (2024-03-20 09:21:52.843000)

updates: Oil prices retreated from multi-month highs as a stronger dollar dampened demand.

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Version 0.3 (2024-03-20 09:21:52.843000)

updates: Oil prices retreated from multi-month highs as a stronger dollar dampened demand.

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Version 0.29 (2024-03-20 05:26:31.969000)

updates: Oil prices retreated from multi-month highs due to stronger dollar [32b3ff76].

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Version 0.29 (2024-03-20 05:26:31.969000)

updates: Oil prices retreated from multi-month highs due to stronger dollar [32b3ff76].

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Version 0.29 (2024-03-20 05:26:31.969000)

updates: Oil prices retreated from multi-month highs due to stronger dollar [32b3ff76].

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Version 0.28 (2024-03-20 04:23:01.890000)

updates: Oil prices pull back from multi-month highs

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Version 0.28 (2024-03-20 04:23:01.890000)

updates: Oil prices pull back from multi-month highs

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Version 0.27 (2024-03-20 03:20:51.330000)

updates: Oil prices pull back from multi-month highs

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Version 0.27 (2024-03-20 03:20:51.330000)

updates: Oil prices pull back from multi-month highs

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Version 0.26 (2024-03-20 02:18:46.102000)

updates: Oil prices pull back from multi-month highs

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Version 0.25 (2024-03-19 07:19:15.032000)

updates: Oil prices remained close to a four-and-a-half month high on Tuesday, driven by reduced exports from Iraq and Saudi Arabia, which indicated tighter oil markets. Over the past week, oil prices surged due to increased refinery activity in the U.S., improved demand from China, and ongoing disruptions in the Middle East. Data from Saudi Arabia indicated that crude exports from the largest producer declined for the second consecutive month in January. Industrial production, fixed asset investment, and travel demand in China showed better-than-expected growth in the first two months of 2024. The focus now shifts to the conclusion of the two-day Federal Reserve meeting on Wednesday, where it is widely anticipated that the central bank will maintain interest rates at their current levels. Market participants are cautious of any potentially more hawkish signals from the central bank. In addition to the Fed, market attention this week is also directed towards a series of purchasing managers index (PMI) readings for March from the U.S. and other major economies.

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Version 0.25 (2024-03-19 07:19:15.032000)

updates: Oil prices remained close to a four-and-a-half month high on Tuesday, driven by reduced exports from Iraq and Saudi Arabia, which indicated tighter oil markets. Over the past week, oil prices surged due to increased refinery activity in the U.S., improved demand from China, and ongoing disruptions in the Middle East. Data from Saudi Arabia indicated that crude exports from the largest producer declined for the second consecutive month in January. Industrial production, fixed asset investment, and travel demand in China showed better-than-expected growth in the first two months of 2024. The focus now shifts to the conclusion of the two-day Federal Reserve meeting on Wednesday, where it is widely anticipated that the central bank will maintain interest rates at their current levels. Market participants are cautious of any potentially more hawkish signals from the central bank. In addition to the Fed, market attention this week is also directed towards a series of purchasing managers index (PMI) readings for March from the U.S. and other major economies.

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Version 0.24 (2024-03-19 01:18:46.579000)

updates: Oil prices hover near 4-½ month high on tight supply outlook, Fed awaited

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Version 0.24 (2024-03-19 01:18:46.579000)

updates: Oil prices hover near 4-½ month high on tight supply outlook, Fed awaited

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Version 0.23 (2024-03-18 19:18:28.685000)

updates: Closing prices for crude oil, gold, and other commodities

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Version 0.22 (2024-03-18 09:22:44.535000)

updates: Updates on oil prices, supply risks, and anticipation of Fed meeting

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Version 0.21 (2024-03-18 06:21:27.235000)

updates: Oil prices rise on supply risks and geopolitical tensions

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Version 0.2 (2024-03-18 03:22:46.999000)

updates: Oil prices rise on positive China data and geopolitical risks

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Version 0.19 (2024-03-17 14:20:12.061000)

updates: Oil market falls despite positive signals

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Version 0.18 (2024-03-16 03:19:24.306000)

updates: Oil prices set to end week over 3% higher

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Version 0.17 (2024-03-15 08:29:44.969000)

updates: Oil prices rally as IEA forecasts likely oil deficit for 2024

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Version 0.16 (2024-03-15 08:20:43.856000)

updates: Oil prices set to end week about 4% higher on revised demand forecasts and decline in US stockpiles

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Version 0.15 (2024-03-08 21:19:05.983000)

updates: Oil prices settle lower to end the week with a loss

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Version 0.14 (2024-03-07 15:28:43.965000)

updates: Updates on US rate cues and China data

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Version 0.13 (2024-03-06 08:24:12.210000)

updates: Updated information on oil prices and China's economic growth concerns

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Version 0.12 (2024-03-06 04:16:43.743000)

updates: New information about China's growth plans and market uncertainty

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Version 0.11 (2024-03-06 03:20:29.071000)

updates: Oil prices fell slightly as concerns about China's economic growth clashed with signs of supply tightness amid output cuts by major producers

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Version 0.1 (2024-03-06 02:19:14.017000)

updates: New information on China's economic growth and output cuts

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Version 0.09 (2024-03-06 02:18:37.948000)

updates: Updates on U.S. inventories and demand in China

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Version 0.08 (2024-03-05 09:25:49.389000)

updates: Updated information on China's economic reforms and oil prices

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Version 0.07 (2024-03-05 08:20:27.901000)

updates: Updates on China's economic transformation and OPEC+ supply cuts

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Version 0.06 (2024-03-05 03:23:53.696000)

updates: Oil prices fall as China's economic transformation fails to boost demand

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Version 0.05 (2024-03-05 02:28:46.835000)

updates: China's pledge to transform its economy affects oil prices

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Version 0.04 (2024-02-29 11:20:20.747000)

updates: New information on US crude stockpiles and concerns over oil demand

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Version 0.03 (2024-02-29 02:20:49.252000)

updates: Oil prices slipped as US crude inventories expanded for the fifth straight week. The 4.2-million barrel build was smaller than expected. The Federal Reserve's inflation gauge is due later, which will influence the dollar and energy demand. Crude is set for a second monthly gain, supported by supply cuts from OPEC. Concerns about the demand outlook remain, with China's consumption growth likely to slow. Timespreads are in a bullish pattern, indicating a relatively tight market.

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Version 0.02 (2024-02-15 03:18:55.223000)

updates: Inclusion of information about US inventory shock and demand concerns

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Version 0.01 (2023-12-06 03:18:05.215000)

updates: Oil prices remain near five-month lows due to concerns over China's economy and an unexpected build in US oil inventories

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Version 0.0 (2023-11-09 01:28:31.617000)

updates:

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