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(Reuters) – Oil prices were little changed on Tuesday as investors took stock of dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen. Brent crude futures for February delivery , which expire on Tuesday, were up 32 cents, or 0.52%, at $62.26 a barrel as of 1206 …
Oil Prices Steady as Russia-Ukraine Peace Hopes Fade, Yemen Tensions Rise Read More »
Summary Ukraine peace talks and Middle East tensions in focus US crude inventories expected to fall Distillate and gasoline stocks expected to rise Dec 29 (Reuters) – Oil prices rose by more than $1 on Monday as investors weighed talks between the U.S. and Ukrainian presidents on a possible deal to end the war in …
Oil Jumps 2% as Investors weigh Ukraine Talks Against Supply Outlook Read More »
Summary Potential supply glut from OPEC+ and US weighs on prices Venezuela oil export operations continue despite US sanctions Analysts predict lower prices could curb supply, preventing price freefall (Reuters) – Oil prices were little changed on Friday and poised for a second straight weekly decline as a potential supply glut and prospects of a …
Oil Set for Second Straight Weekly Decline on Supply Outlook Read More »
Summary Brent and WTI down more than 4% this week Supply glut remains main market focus US plans to seize more tankers off Venezuela, sources say (Reuters) – Oil prices closed lower on Friday, marking a 4% weekly decline as a supply glut and a potential Russia-Ukraine peace deal outweighed worries about any impact from …
(Reuters) – U.S. oil production is expected to hit a larger record this year than previously expected, the Energy Information Administration said on Tuesday, as expectations mount of a global supply glut. The agency raised its forecast for 2025 oil production by 20,000 to average 13.61 million barrels per day in 2025, the highest on …
EIA Lifts 2025 US Oil Output Forecast to a Record High as Supplies Swell Read More »
Summary Market seeks cues from peace talks and Fed rate decision Fed expected to cut interest rates by 25 bps on Wednesday Russian oil supply risks offset oversupply concerns (Reuters) – Oil prices steadied on Wednesday as investors watched for progress in Russia-Ukraine peace talks and awaited a decision on U.S. interest rates. After declines …
Oil Steadies Ahead of Ukraine Peace Talks and Fed Interest Rate Decision Read More »
Summary Prices likely to hover in tight range near-term, analysts say Russia-Ukraine peace talks still in progress Investors pricing in high possibility of rate cut at Fed meeting (Reuters) – Oil prices steadied on Tuesday after falling 2% in the previous session, with investors keeping a close eye on peace talks to end Russia’s war …
Oil Steadies With Ukraine Peace Talks, US Rate Decision in Spotlight Read More »
Summary CME system resumes trading after outage Brent, WTI in longest monthly losing streaks since 2023 US crude production hit monthly high in September, EIA says (Reuters) – Crude futures fell marginally on Friday as investors considered oil’s geopolitical risk premium amid drawn-out Russia-Ukraine peace talks, while keeping an eye on Sunday’s OPEC+ meeting for …
Oil Falls on Drawn-Out Ukraine Peace Talks, All Eyes on Upcoming OPEC+ Meeting Read More »
Summary Markets pricing in possibility of Russia-Ukraine peace plan Thin trade likely due to US holiday OPEC+ set to keep output unchaned at Sunday meet, sources say (Reuters) – Oil prices steadied on Thursday as market participants weighed talks to end the war in Ukraine against the impact of Western sanctions against Russian supply, though …
Oil Steadies as Investors Await Peace Talk Direction Read More »
Summary US Treasury says sanctions are squeezing Mscow’s revenue Russian oil loadings at Novorossiysk resume after Ukraine attack Oil prices to fall next year, says Goldman Sachs (Reuters) – Oil prices steadied on Tuesday, regaining ground after early losses, as traders weighed the impact of Western sanctions on Russian oil flows against an expected supply …
Oil Steadies as Markets Weigh Russia Sanctions and Glut Forecasts Read More »
