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U.S. West Texas Intermediate crude

Commodities Update: Crude oil futures decline on low demand

Commodities Update: Crude oil futures decline on low demand

Fri, May 24, 2024

On the Multi Commodity Exchange, crude oil for June delivery fell Rs 13 or 0.2 per cent to Rs 6,384 per barrel with a business volume of 8,688 lots.

Oil steady as supply concerns offset worries over demand

Oil steady as supply concerns offset worries over demand

Tue, Aug 29, 2023

Oil prices were flat on Tuesday as worries that further possible U.S. interest rate hikes could pull down demand were countered by concerns a tropical storm off the U.S. Gulf Coast could impact supply.

U.S. crude ends below $95/bbl as EU tweaks Russian oil sanctions

U.S. crude ends below $95/bbl as EU tweaks Russian oil sanctions

Sat, Jul 23, 2022

WTI closed lower for the third straight week, pummelled over the past two sessions after data showed that U.S. gasoline demand had dropped nearly 8% from a year earlier in the midst of the peak summer driving season, hit by record prices at the pump.

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Oil prices slip on profit-taking, but head for strong weekly gain

Oil prices slip on profit-taking, but head for strong weekly gain

Fri, Dec 10, 2021

Oil prices drifted down on Friday as traders locked in profits from a strong run-up this week, stoked by growing confidence that the rapid spread of the Omicron coronavirus variant would not hit global growth and fuel demand.

Oil falls after increases in U.S. crude, fuel stockpiles

Oil falls after increases in U.S. crude, fuel stockpiles

Wed, Oct 27, 2021

Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world’s largest oil consumer.

Oil prices on the march again in tight market; U.S. crude at 7-yr high

Oil prices on the march again in tight market; U.S. crude at 7-yr high

Mon, Oct 25, 2021

Oil prices rose on Monday, extending pre-weekend gains, with U.S. crude hitting a seven-year high as global supply remained tight amid strong demand worldwide as economies recover from coronavirus pandemic-induced slumps.

Oil prices rise on U.S. crude stock decline, weaker dollar

Oil prices rise on U.S. crude stock decline, weaker dollar

Thu, Dec 08, 2016

"Oil prices are being supported by a raft of factors including underlying strength in the U.S. economy shown in better than expected factory and nonfarm payroll data and Chinese regulators` attempts to cut excess supply in steel and other industries," said Michael McCarthy, chief market strategist at Sydney`s CMC Markets.

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