- September 16th, 2024
Oil prices climb on Fed rate cut outlook
Oil prices rose in Asian trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by persistent demand worries and weaker China data. ›
Oil prices rose in Asian trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by persistent demand worries and weaker China data. ›
Oil prices extended their rally on Friday and were on course for a weekly gain, sparked by output disruption in the U.S. Gulf of Mexico after Hurricane Francine forced the evacuation of production platforms. ›
European natural gas prices declined on Thursday after Russian fuel transiting Ukraine was set to flow at normal levels, easing worries about a possible drop in supply. ›
Oil prices rose more than 1% on Thursday, spurred by concerns of Hurricane Francine impacting output in the U.S., the world’s biggest crude producer, though worries of lower demand capped gains. ›
European natural gas prices swung between small gains and losses as the market awaits the impact of Hurricane Francine, which is expected to make landfall in Louisiana Wednesday. ›
Oil prices climbed more than 1% on Wednesday, paring some of the previous day’s losses, as concerns about Hurricane Francine disrupting output in the United States, the world’s biggest producer, outweighed worries about weak global demand. ›
Oil prices edged down on Tuesday as weak Chinese demand offset U.S. supply disruptions from Tropical Storm Francine and as global oil oversupply risks continued to weigh on the market. ›
European natural gas prices edged higher as the season’s first cold snap takes hold, potentially raising demand ahead of the official start of the heating season. ›
Oil futures jumped in Asian trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker-than-expected U.S. jobs data on Friday. ›
Oil prices held at a 14-month low on Thursday as worries about demand in the U.S. and China and a likely rise in supplies out of Libya offset a big withdrawal from U.S. inventories and a delay to output increases by OPEC+ producers. ›