Crude oil prices are poised to conclude the month of April without much change, following a notable 13% rally (Brent crude) witnessed during the first quarter of the calendar year 2024 (Q1CY24), driven by OPEC cuts (the source of about a third of the wor...
5 months agoOil prices extended losses on Friday, May 3, 2024 and stayed on course for the steepest weekly loss in three months, as investors weighed lower-than-expected US jobs data and the timing of interest rate cuts by the US Federal Reserve. Brent crude futur...
5 months agoOil edged back towards the previous day's seven-week low-mark on Thursday, May 2, paring earlier gains, after US data pointed to persistent labour market strength which further diminished hopes of early decline in US interest rates. Brent crude futures...
5 months agoOil prices plunged three per cent to hit a seven-week low on Wednesday, May 1, on a surprise build in US crude stocks ahead of the Federal Open Market Committee (FOMC) meeting outcome. The prospect of a simmering Middle East ceasefire agreement and persi...
5 months ago