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Oil set for 3rd straight weekly gain on supply concerns
Oil set for third straight weekly gain on supply concerns
Oil prices rose on Friday and were on track for a third straight week of gains as traders focused on potential supply disruptions from sanctions while icy conditions in parts of the United States and Europe are expected to drive up fuel demand.
Oil Set for Weekly Gains Amid Colder Weather, Supply Worries
Oil prices were rising in early trade and were on track for modest weekly gains, as colder weather in parts of the U.S. and Europe boosted expectations of stronger heating fuel demand. Brent crude and WTI are both up 1.
Crude oil prices hit three-week high as concerns over supply grow
Crude oil prices rose to a three-week high amid mounting concerns over supply disruptions and increasing demands. However, technical analysts caution that oil markets may be over-bought.
Oil prices settle up on possible supply disruption, hopes for China demand
Oil prices settled higher on Tuesday, driven by concerns over limited supply from Russia and Iran because of Western sanctions and expected higher Chinese demand.
2h
Oil News: Crude Prices Surge as Supply Risks Drive Bullish Momentum
Crude oil futures rally, building on last week’s 200-day moving average breakout, with the key target at $77.36.
3h
Oil jumps more than 3% on concern over more sanctions on Russia and Iran
Oil prices surged on Friday and were on track for a third straight week of gains as traders focused on potential supply ...
Legit on MSN
7h
Dangote Refinery Expands Crude Storage With 8 New Tanks Amid Local Supply Challenges
The Dangote Petroleum Refinery is increasing its crude oil storage capacity by 1 billion litres, equivalent to approximately ...
1d
Oil News: Crude Holds Steady After Five-Day Rally, Dollar Strength Caps Gains
Oil prices hold near 3-month highs as demand rises, but a strong dollar limits gains. Traders eye supply risks and Fed ...
1d
on MSN
Saudi crude oil supply to China set to fall in Feb vs Jan, sources say
Saudi Arabia's crude oil supply to China is set to decline in February from the month before, trade sources said on Thursday, ...
21h
Citi Raises 1Q Crude Oil Price Estimates
The upward momentum in crude oil prices at the start of the year has prompted analysts at Citi Research to raise their first-quarter estimate for benchmark crudes, while they remain bearish for the ...
TheCable
2d
Prioritise crude oil supply to local refineries, group tells NNPC
A group of concerned Nigerian citizens has called on the NNPC Limited to prioritise crude oil supply to local refineries, ...
25m
on MSN
Crude prices jump more than 3% on concerns over more US sanctions on Russia
The document, purported to be from the U.S. Treasury, was being circulated among traders in Europe and Asia. Reuters could ...
1d
on MSN
Crude oil turns lower as U.S. supplies fell but fuel stocks jumped more than expected
Oil futures decline on bearish inventory data; US crude inventories fall but gasoline, distillate stocks increase.
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