TAG: Factors influencing crude oil prices April 2024
Crude oil prices set to end April flat amid easing Middle East tensions
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 ago
Brent, WTI shed 6% as oil heads for steepest weekly drop in 3 months: What's cooling down the commodity?
Oil 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 ago
Oil plunges to 7-week low ahead of US Fed verdict; Brent dips to $83/bbl in oversold territory
Oil 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