Key Points
SINGAPORE (Reuters) -Oil prices held steady on Thursday, holding onto overnight gains after upbeat Chinese trade data and after U.S. data showed a smaller-than-expected rise in crude inventories and large draws in fuel stocks...
Brent crude futures slipped 4 cents to $82.92 a barrel by 0432 GMT, while U.S. West Texas Intermediate crude futures inched down 1 cent to $79.12 a barrel despite Chinas import and export growth beating estimates...
The worlds top crude importer posted a 5.1% rise in imports in the first two months of 2024 from a year earlier to about 10.74 million barrels per day (bpd), customs data showed on Thursday, as refiners ramped up crude purchases to meet fuel sales during the Lunar New Year holiday...
Brent and WTI edged up about 1% on Wednesday after crude inventories rose for a sixth week in a row, building by 1.4 million barrels, about two-thirds of the 2.1 million-barrel rise analysts had forecast in a Reuters poll...
A strong U.S. dollar will maintain the status quo in the near term, as markets brace for a risk the U.S. Federal Reserves first interest rate cut gets delayed to the second half of this year, according to a Reuters poll of foreign exchange strategists...
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