Oil
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Business
EIA cuts global oil demand forecast for 2024, forecasts higher U.S. production
There is an ongoing forecast war between the US EIA and OPEC over demand growth this year. Despite strong economic…
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Business
Crude oil futures are trading at $90.38.
Crude oil futures settled at $90.38. This represents a decrease of -$0.79 or -0.87%. The highest price of the day…
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Business
Marginal pressure on oil following reports that Iraq made progress on its export pipeline to Turkey
High Risk Warning: Foreign exchange trading involves a high level of risk which may not be suitable for all investors.…
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Business
Oil recovers some of its previous losses
High Risk Warning: Foreign exchange trading involves a high level of risk which may not be suitable for all investors.…
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Business
Oil futures open for new week – prices fall as weekend risk passes
High Risk Warning: Foreign exchange trading involves a high level of risk which may not be suitable for all investors.…
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Business
ICYMI – Bank of America says rising oil prices (>$100) will prevent central bank from cutting rates
Bank of America is wary of rising commodity prices: “Even if the evolution of commodity prices does not call into…
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Business
The price of oil has been rising all year, should we now be looking forward to a Golden Cross?
Oil prices have been rising since the end of December 2023 and now form (for Brent) a “Golden Cross”. It’s…
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Business
Number of US Baker Hughes oil platforms +2
Oil platforms 508 compared to 506 previously Gas platforms 110 compared to 112 I wouldn’t be surprised to see oil…
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Business
WTI Crude Oil Posts First Weekly Close Above $90 Since October
Oil cooled somewhat at the close after reaching five-month highs an hour earlier. I think those buying oil in anticipation…
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