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US oil prices notched their seventh straight week of declines on Friday, marking their longest losing streak in five years.
Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed OPEC's latest downward revision for demand growth, a stronger U.S. dollar ...
Oil Prices Drop as War Premium Fades. Crude oil prices have reversed some of the gains they made on Monday as traders returned their attention to Chinese demand concerns. Earlier in the day,...
Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.
This week, for the first time in nearly three years, global oil prices dropped below $70 a barrel. Prices rebounded a bit, but they are still down significantly.
Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. Supply and demand issues, including a slowdown in China's economy, are pressuring...
Both Brent and WTI prices have fallen for four consecutive weeks, pressured by record crude oil production in the United States and worries about waning global demand, particularly in China, the...
November 14, 2024 at 3:33 PM PST. Save. Translate. Oil headed for a weekly drop, weighed down by concerns the global market will flip to a glut and the impact of stronger US dollar. West Texas ...
Defying OPEC+’s postponement of output increases and the Libyan oil embargo, oil prices continue to edge lower on fears of oversupply and an ever-weakening Chinese outlook.
Oil prices slipped lower on Wednesday as a rate cut announcement from the Federal Reserve raised worries about the health of the U.S. economy, while investors largely shrugged off a crude oil...