©Reuters. Investing.com — Oil prices rose on Friday after wild swings throughout the week as markets weighed in on tightening supply and demand uncertainty, with the focus now shifting squarely to a Federal Reserve meeting next week. Crude oil prices were expected to finish higher this week as new stimulus from China raised hopes that…
LONDON, July 21 (Reuters) – Oil prices crept up on Friday, supported by economic stimulus in slowly recovering China and falling inventories in the US. Brent futures were up 65 cents to $80.29 a barrel by 0817 GMT, while US West Texas Intermediate (WTI) crude was up 64 cents to $76.29 a barrel. Prices closed…
©Reuters. Investing.com — Oil prices were little moved in Asian trading on Wednesday following strong gains in the previous session, as traders awaited more signals on stimulus spending from major importer China, while official data on US inventories was also expected later in the day. Crude oil prices rose sharply on Tuesday after Chinese officials…
Jul 19 (Reuters) – Global oil prices fell on Wednesday after opening higher at the start of Asian trading as markets weighed US demand concerns against China’s pledge to boost economic growth, tighter Russian supply and dwindling US supplies. Brent futures fell 1 cent to $79.62 a barrel at 0615 GMT, while US West Texas…
(Bloomberg) — Oil rallied more than 3% from a three-month low as China weighed measures to revive the world’s second largest economy. Most read from Bloomberg West Texas Intermediate futures rose above $69 a barrel after three losing sessions. China surprised economists on Tuesday by cutting short-term interest rates, and Beijing is also considering a…