Crude Oil Prices Up 6% In A Week, U.S. Maintains Russian Sanctions Won’t Hit Prices
The crude oil market is on the boil again with prices surging 6% in the past one week in anticipation of the U.S. sanctions of Russian oil. However, the outgoing U.S. President Joe Biden still believes that oil prices will stabilize and that consumers will not be burdened.
Further near-term declines in Cushing stocks would likely put more upward pressure on crude spread — the difference between ...
Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory dip of 2 million barrels for the second week of the year.
Oil prices slipped on Tuesday after a U.S. government agency forecast steady U.S. oil demand in 2025 while lifting its ...
Oil prices were mixed, with Brent crude flat on $79.93 a barrel and WTI rising 0.2% to $76.48 a barrel. Crude has broadly ...
Oil futures settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude ...
Finally. Oil prices are trying to break higher on the backs of another rate cut in China and ongoing and rising geo-political risk factors.... Crude Oil: Markets Remain Cautious Amid Middle East ...
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