Brent Crude Oil Prices Rise Amid Geopolitical Tensions
Adding to the complex market dynamics, the American Petroleum Institute (API) reported that US crude oil inventories decreased by 1.5 million barrels during the week. This decline was less than the anticipated drop of 2.1 million barrels, marking the second consecutive weekly decrease but suggesting that demand may not be as robust as expected.
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Oil prices fell by 2.4% in early European trade, possibly due to demand concerns and rebalancing. Click to read.
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Part of the issue is that members are not sticking to their pledged cuts. The Saudi minister called out Iraq, which surpassed ...
Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute ...
The price of oil impacts how much it costs to fill up a petrol tank, which has been lower recently than at anytime in three ...
India is bound to be impacted by the spillover impact of global developments, a central government official has said.
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