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Oil heads for weekly loss
Oil falls $1 on weaker Chinese demand, uncertainty around Dec Fed rate cut
Oil prices fell on Friday on signs demand in China, the world's biggest crude importer, continues to underperform amid its uneven economic recovery.
Oil prices fall for the week on bets for a ‘looming surplus,’ soft China demand
Oil futures declined on Friday with expectations for a supply surplus next year, strength in the U.S. dollar, and continued worries over demand from China — the world’s largest crude importer — setting prices up to post a loss for the week.
Oil Set for Weekly Loss Amid Demand Worries, Rate-Cut Slowdown Prospects
Oil was more than 1% lower in Europe and headed for a weekly loss on a gloomy demand outlook and expectations of fewer Fed rate cuts.
6h
US drillers cut oil and gas rigs for first time in four weeks - Baker Hughes
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks, energy ...
8h
on MSN
Oil Stocks Have Been Hot Since Trump’s Election. The Good Times Could End Soon.
Oil prices and oil stocks have moved in opposite directions since Donald Trump was elected president. Something’s gotta give.
9h
on MSN
Gold vs. oil: Which commodity offers better returns?
Both gold and oil can offer solid returns, in different times and ways. Here's what investors should know now.
7h
Oil: The Nightmare Scenario
Trump's oil policies and Saudi Arabia's influence could lead to another significant decline in oil prices. Current oil market ...
23h
Trump’s Win Is (Mostly) Good for the Oil Industry
President-elect Donald Trump wants to “drill, baby, drill,” but industry is focused on returns, Ben Cahill writes in a guest ...
10h
Crude oil heads to weekly loss as looming surplus depresses market
Crude oil futures were on pace Friday for loss for the week, as a supply gut and a strong dollar depresses the market. U.S.
1d
on MSN
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
16h
on MSN
China's oil refinery output falls from a year ago for a seventh month
China's refinery throughput in October fell 4.6% from last year, down from year earlier for a seventh month, as plant ...
1d
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, ...
1d
on MSN
IEA Lifts 2024 Oil Demand Forecast But Trims 2025 Projections
The International Energy Agency raised its forecast for this year’s oil-demand growth but slightly trimmed next year’s ...
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