Key Points
HOUSTON (Reuters) -Oil prices fell more $2 a barrel on Thursday as fears of a wider Middle East conflict eased at the same time that U.S. demand showed signs of weakening...
Oil prices have been boosted recently by fears of a spillover affecting global crude supplies from the conflict between Israel and Palestinian militant group Hamas, which could embroil Iran and its allies in the region...
The U.S. economy, however, grew at its fastest pace in nearly two years in the third quarter, data showed on Thursday, raising expectations that the Federal Reserve will keep interest rates high for longer...
Markets will be looking to OPEC and its allies plans for production levels in the coming year, said Phil Thompson, director at Mobius Risk Group...
If cuts continue into the new year, its going to be bullish, Thompson said.. (Reporting by Erwin Seba in Houston; additional reporting by Stephanie Kelly in New York, Ahmad Ghaddar in London and Jeslyn Lerh in SingaporeEditing by Sharon Singleton, Barbara Lewis, Jan Harvey, Rod Nickel and David Gregorio)..
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