- December 10th, 2024
Oil Edges Lower as Glut Outlook Counters China Stimulus Optimism
Oil edged lower as persistent concerns over a looming supply glut overshadowed the outlook for bolder Chinese stimulus next year. ›
Oil edged lower as persistent concerns over a looming supply glut overshadowed the outlook for bolder Chinese stimulus next year. ›
Natural gas prices in Europe slipped for a fifth day as mild and windy weather helps protect inventories from faster depletion. ›
Oil gained as the market weighed the fallout from the toppling of the Syrian government, which has sent shockwaves through the Middle East and dealt a blow to longtime backers Russia and Iran. ›
European natural gas prices extended this week’s loss after the Kremlin changed procedures to pay for Russian gas, easing concerns that flows to the region will be cut off. ›
Oil steadied after OPEC+’s decision to push back the revival of shuttered production by another three months failed to lift sentiment in a market that’s expected to suffer from a glut next year. ›
Oil steadied after the biggest advance in more than two weeks as OPEC+ made progress toward a deal to delay further the restoration of shuttered supply, and the US imposed more sanctions on Iranian crude. ›
Oil edged higher ahead of an OPEC+ supply meeting on Thursday, with wider markets buoyed by hopes China’s leadership will approve more stimulus at a major meeting next week. ›
European natural gas prices headed for a second session of gains as weather forecasts turned colder for parts of the continent. ›
Oil rose along with Asian equities on signs of a slow recovery in China’s economy, as traders look to Thursday’s OPEC+ meeting for further direction. ›
Oil was steady as traders watched for any further clues to OPEC+’s production plans after it delayed a key virtual meeting by four days. ›