Key Points
NEW DELHI (Reuters) -Oil prices rose on Monday, extending gains for a second session as U.S. efforts to replenish strategic reserves provided some support, although concerns of crude oversupply and softer fuel demand growth next year persisted...
Despite the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, having pledged to cut 2.2 million barrels per day (bpd) of production in the first quarter, investors remain sceptical supply will drop..
Prices will remain volatile and directionless until the market sees clear data points pertaining to the voluntary output cuts, RBC analysts said in a note...
The latest consumer price index data from China, the worlds top oil importer, showed rising deflationary pressures as weak domestic demand cast doubt over the countrys economic recovery...
This week, investors are watching for guidance on interest rate policies from meetings at five central banks, including the Federal Reserve, and data on U.S. inflation, for their impact on the global economy and oil demand...
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Crude oil falls after large surprise build in US crude stocks
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Crude oil steadies as market awaits US Federal Reserve rate outlook
14, Jun, 23Brent crude futures were up 9 cents, or 0.1%, at $74.38 a barrel by 0340 GMT. U.S. West Texas Intermediate (WTI) crude was at $69.43 a barrel, up 1 cent.
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Oil set to snap 7-week winning streak on Fed rate outlook, China woes
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