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Oil Prices Rise on Seasonal Demand, Geopolitical Tensions
Oil prices were rising, with Brent crude up 0.4% at $68.91 a barrel, and WTI up 0.5% at $66.91 a barrel. Market fundamentals for oil remain fundamentally tight on bullish seasonal demand, while new Houthi attacks on cargo vessels transiting the Red Sea are adding a risk premium,
The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the ...
Oil Prices Are Set To Rise Throughout 2023 By Irina Slav - Mar 07, 2023, 7:00 PM CST. Rising Chinese demand will be the main driver of higher crude prices this year.
Oil Price Rise And The Impact On Inflation. This past week, the oil price rise caused by the outbreak of the Iran/Israel conflict caught investors’ attention. However, ...
Stock markets in the United Arab Emirates rebounded on Friday, led by gains in oil prices, while U.S. tariffs and possible ...
Oil prices may rise to $86 a barrel in the next few months due to "solid summer demand" and consumer spending remaining strong, according to a new forecast by analysts at Goldman Sachs.
Oil prices were surging, ... In the U.S., the Biden administration is clearly concerned about the prospect that gas prices might rise even further. Under former President Donald Trump, ...
Market watchers note that a short-term retreat in prices, after such a rapid rise, is also possible. The oil price also remains below the peaks reached in 2022, when prices jumped well above ...
Gasoline prices are also on the rise, climbing 27% since the election, with the national average hitting $2.70 a gallon this week, according to AAA. The monster gains in the energy market are not ...
Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...
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