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May Shaping Up Dismally For Crude As Oil Again Extends Losses
May 30, 2024 ... sentiment by disclosing a surprise build in gasoline and distillate fuels. As of 1550 GMT, Brent fell by $1.25 to $82.35 per barrel, and West Texas Intermediate dropped $1.15 to ...
Conflicting Reports Of Demand Pause Oil's Upward Trajectory
May 29, 2024 ... and a housing crash reduce consumption of plastics and fuels used in construction." This led to Brent on Wednesday settling down 62 cents at $83.60 per barrel, and West Texas Intermediate ...
Oil Extends Gains As Traders Place Hopes On OPEC Maintaining Course
May 28, 2024 ... of 1705 GMT, West Texas Intermediate was up $2.06, or 2.7 percent, at $79.78 per barrel, and Brent rose $1.04, or 1.3 percent, at $84.14. As has been the case for the past few weeks, ...
Oil Rebounds As Demand Data Finally Makes Impact In Trading Circles
May 27, 2024 ... weekly losses of 2 and 3 percent for Brent and West Texas Intermediate respectively, oil prices on Monday gained about 1 percent, possibly due to data indicating strong demand that had ...
Multiple Signs Of Strong Demand Signs Not Enough To Prevent Weekly Losses For Oil
May 24, 2024 ... for Friday registering losses and the commodity heading for a weekly loss. As of 1740 GMT, Brent on Friday rose 87 cents to $82.22 per barrel and West Texas Intermediate rose 93 cents to ...
Fourth Straight Loss For Oil As Traders Ignore Major Signs Of Demand Surge
May 23, 2024 ... is in peril caused prices on Thursday to drop for a fourth straight session. As of 1735 GMT, Brent slid by 76 cents to $81.14 per barrel, and West Texas Intermediate was down 88 cents to ...
Gasoline Draw Ignored, Rate-Obsessed Traders Cause Third Straight Drop In Oil
May 22, 2024 ... took a back seat to crude stockpiles rising by 1.8 millon barrels, the highest in 10 months. Brent fell 98 cents to $81.90 per barrel, and West Texas Intermediate fell $1.09 to $77.57 per ...
Oil Extends Losses As Concerns Over U.S. Driving Season Deepen
May 21, 2024 ... current level, potentially impacting demand during the summer driving season. As of 1625 GMT Brent fell $1.21 to $82.50 per barrel, and West Texas Intermediate dropped $1.26 to $78.54 per ...
Oil Down As Rudderless Traders Ignore Geopolitics, Focus On Inflation
May 20, 2024 ... whether the recent slowdown in the disinflationary process will be long lasting." Accordingly, Brent settled down 27 cents at $83.71 per barrel, while West Texas Intermediate settled down 26 ...
Improved China, U.S. Data Bolsters Oil - But Prices Stubbornly Range Bound
May 17, 2024 ... the former due to indications that demand for oil will improve in China as well as the U.S. Brent settled up 71 cents at $83.98 per barrel and logged a 1 percent gain for the week, while West ...
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