Oil heads for weekly gains on colder weather, Chinese policy support
Oil prices edged higher on Friday and were on track for weekly gains as cold weather in Europe and the U.S. as well as additional economic stimulus flagged by China helped push prices in the previous session to their highest in more than two months.
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China’s stimulus lifts oil while gas faces pressure from weak storage draw. Traders eye cold weather for market shifts.
Graeme Evans. The FTSE 100 index has consolidated yesterday’s 1.1% advance, with London’s top flight 2.16 points higher a ...
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Crude prices forecast to hover in the $70s amid potential surplus and Trump impactA potential market oversupply and softening demand from China and developed economies are expected to push oil prices lower ...
Oil prices have been on a march higher this week, thanks to declining US stockpiles and renewed Chinese optimism. Click to ...
Brent crude oil climbs 2% on China’s growth policies, while natural gas rises as Russia halts exports. Supply risks and ...
Western Washington refineries brought in more oil by tanker from Canada after an expanded export terminal opened in May near ...
Crude oil markets experienced limited activity over the past week as the holiday season reduced trading volumes. With markets closed for New Year’s Day, price movement was minimal, reflecting the lack ...
U.S. crude stocks fell while gasoline and distillate inventories rose sharply as demand weakened in the week ending December ...
Jefferies, in its note, highlighted that a likely ramp-up in KG Basin production in the last quarter of FY25 or the first ...
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