Us News Oil Extends Gains Despite Rise In U S Inventories Cnbc
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Oil extends gains after OPEC+ pauses Q1 output hikes
Oil prices climbed in early Asian trade on Monday after OPEC+ decided to hold off production hikes in the first quarter of next year, easing rising fears of a supply glut. Brent crude futures rose 47 ... Read More
US Crude Oil Inventories Continue to Fall Despite Glut Narrative
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a large dip of 4 million barrels in the week ending October 24 ... Read More
Oil Prices Gain as U.S.-China Meeting Fuels Optimism and Inventories Decline
Oil prices moved higher on Wednesday, lifted by a larger-than-expected draw in U.S. crude inventories and renewed optimism ahead of a high-profile meeting between the leaders of the United States and ... Read More
Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows
B ig Oil leaders Exxon Mobil, Chevron, and Shell continue to hike their crude oil production volumes from West Texas’s Permian Basin to the Gulf of Mexico to deepwater Guyana despite concerns of a ... Read More
Geopolitical Risk Supports Gains in Oil Futures
1515 ET – Oil futures rise with WTI extending its winning streak to four sessions, and Brent rising for the third time in four sessions. Geopolitical risk premium, particularly with Ukrainian strikes ... Read More
Oil Futures Settle Higher As U.S. Crude Stocks Fall
Oil futures shook off early weakness to end a three-session losing streak with support from bigger-than-expected draws in U.S. crude and product inventories. Read More
Oil extends gains after settlement on new sanctions on Russian oil companies
Oil prices extended gains after settlement on Wednesday after the U.S. imposed Ukraine-related sanctions on Russia, targeting oil companies. Read More
Oil extends gains after OPEC+ suspends output hikes in Q1
Oil prices climbed on Monday after OPEC+ decided to hold off production hikes in the first quarter of next year, which eased rising fears of a supply glut, but weak factory data in Asia capped the ... Read More
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