- November 12th, 2024
Oil Declines for Third Day on Demand Concerns and Rampant Dollar
Oil fell for a third day on a soft demand outlook in China, a stronger US dollar, and concerns the market may flip to oversupply. ›
Oil fell for a third day on a soft demand outlook in China, a stronger US dollar, and concerns the market may flip to oversupply. ›
Oil steadied after the biggest decline in nearly two weeks as a soft outlook in top importer China continued to plague the market. ›
Oil fell with Asian markets and other commodities after Chinese stimulus announcements disappointed and as traders continued to digest the implications of Donald Trump’s win. ›
Oil ticked higher after a roller-coaster session on Wednesday as traders weighed the likely impact of Donald Trump’s election victory on the crude market, with the US dollar halting a post-vote surge. ›
Oil fell as Donald Trump’s increasing chances of winning the presidential race boosted the dollar to a one-year high, while an industry report signaled a gain in US stockpiles. ›
European natural gas prices extended gains after a jump on Monday, with traders watching a late-season tropical storm threatening to disrupt fuel production in the US. ›
Oil held in a narrow range as investors turned their full focus to the tight US presidential election after prices jumped on Monday, pushed higher by OPEC+’s supply-curb extension and tensions in the Middle East. ›
Environmental levies added to electricity bills in the UK are set to climb 23 per cent by the end of the decade, according to official forecasts, highlighting the upfront costs of the shift to renewable energy and reigniting debate over how it should be paid for. ›
Oil advanced after OPEC+ agreed to push back its December production increase by one month and tensions escalated again in the Middle East. ›
Oil flipped between gains and losses after US crude inventories shrank, with the market monitoring the Middle East for any potential flare-up and equities showing a weaker tone. ›