(Bloomberg) — Oil prices have stabilized after a three-day rally, with the threat of a supply freeze from Libya weighing on the still uncertain demand forecast. Most read by Bloomberg Brent oil traded above $81 a barrel, having gained about 7 percent since Wednesday, its biggest three-day winning streak since April last year. West Texas […]
By Irina Slav – August 22, 2024, 3:07 am CDT Oil prices extended their losing streak to a fifth day on weak demand expectations and speculation about a reversal of OPEC+ production cuts. The main reasons for demand concerns are the economic slowdown in China and weak oil import data. Geopolitical risks […]
(Bloomberg) — Oil prices fell after a five-day rise, with a likely escalation in the Middle East conflict offset by signs of a slowdown in global demand growth. Most read by Bloomberg Brent fell below $82 a barrel after rising nearly 8 percent over the past five sessions. West Texas Intermediate traded at about $79. […]
