Oil prices to keep falling as demand weakens, says IEA head
WEB15 hours ago · The bearish comments come after a turbulent fortnight in oil markets, with the price of benchmark Brent crude falling by more than $10 a barrel to tumble below $70 on Tuesday for the first time in ...
Oil prices have been falling for seven weeks straight. Here’s why - CNN
WEBDec 11, 2023 · US oil prices notched their seventh straight week of declines on Friday, marking their longest losing streak in five years.
Stock Prices and Oil Fall in Sharpest Decline Since Early August
WEBSep 3, 2024 · Oil prices fell sharply on Tuesday, with Brent crude, the international benchmark, down nearly 4 percent to just over $73 a barrel, its lowest level of the year. A plunge in Nvidia’s stock drove ...
Why Oil Prices Have Been Falling - Investopedia
WEBJul 16, 2024 · Global oil prices fell for the third straight day, extending a drop of almost 5% since July 4. Growing concerns about weakening demand, particularly from China, have fed the decline.
Oil Prices Fall 3% Without Real Change in Fundamentals
WEB2 days ago · Oil Prices Fall 3% Without Real Change in Fundamentals. WTI crude fell 3.78% to $66.11 per barrel on Tuesday morning. Brent fell back below $70 per barrel for the first time since 2021 ...
Oil’s Fall Into $60s Widens the Runway for the Global ... - BNN …
WEB1 day ago · Analysts at JPMorgan and Citigroup expect prices to fall further next year, as subdued demand growth is overwhelmed by a flood of new supply. Brent crude is “probably going to go into the $60s some time relatively soon,” Ben Luckock, global head of oil at Trafigura, said at the Asia Pacific Petroleum Conference in Singapore on Monday.
Oil prices drop in third straight session as China data feed worries ...
WEBJul 16, 2024 · Oil futures on Tuesday stretched their losses into a third consecutive session, with global benchmark prices settling at their lowest in a month, as investors worried about demand from China,...
Oil Prices Slide as Investors Worry Energy Demand Is Slowing
WEBNov 18, 2022 · The U.S. benchmark oil price fell to about $80 a barrel on Friday, and gasoline prices in some states are now close to $3 a gallon.
Oil prices fall on stronger dollar, weak US gasoline demand
WEBNEW YORK, March 27 (Reuters) - Oil prices fell for the second consecutive session on Wednesday as the dollar strengthened and government data showed a surprise jump in U.S. crude and gasoline...
Crude Oil Prices Fall, Dented by Lower Demand - The Wall Street …
WEBOct 4, 2023 · Crude oil prices have reversed course, after hitting their highs of the year last week. Front-month futures on West Texas Intermediate crude, the U.S. pricing benchmark, fell 5.6% Wednesday to...