WTI crude oil futures fell below the $72.2 per barrel mark on Tuesday, the lowest since touching a seven-month low of $71.9 in August as muted demand magnified the impact of relatively ample supply. New data from China exacerbated concerns that economic growth from one of the world’s largest oil consumers is unlikely to bounce back this year, with key gauges of domestic factory demand dropping more than expected in August.
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Crude Oil sits 2% lower after China data fuels demand concerns amid US Fed rate cut hopes; Brent slips below $80/bbl
Global crude oil prices settled down nearly two per cent in the previous session, with Brent crude below $80 a barrel, as investors tempered expectations of demand growth from top oil importer China. Crude oil prices were little changed on the week after Wall Street lifted US Fed’s interest rate cut bets.
China’s crude oil reserves fell significantly in July 2024
The International Energy Agency (IEA) has revised its forecast for crude oil demand slightly downwards this year. This was due to a significant slowdown in demand in the second quarter, particularly in the emerging economies, where the annual increase was the lowest since 2020, which was impacted by the COVID-19 pandemic, Commerzbank’s Commodity Analyst Carsten Fritsch notes.
Crude oil prices jump due to sharp drop in reserves
Crude Oil Forecast for Today, 08 August 2024: Oil prices rose for a third day after a significant drop in US crude oil reserves. Brent and WTI futures saw marginal gains. An unexpected drop in US crude oil reserves and potential supply risks in the Middle East also fueled the surge in prices. In addition, Libya announced production cuts due to protests, which increased market volatility.
Crude Oil Rises on Risk of Broadening Middle East Conflict
Crude Oil prices: rose in early Asian trading on Thursday, extending strong gains in the previous session after the killing of a Hamas leader in Iran raised the threat of a wider Middle East conflict and on signs of strong oil demand in the U.S.
Crude oil prices fall on concerns over Chinese Demand
Crude oil prices fell on Tuesday as concerns about a slowdown in China’s economy hurt demand, although a growing consensus that the U.S. Federal Reserve will start cutting its key interest rates as soon as September limited the declines.
MCX Crude Oil Tips: Yesterday Crudeoil Buy Call Rocking Profit 66,000 in 2 Lots
MCX King Neal Bhai MCX Crude Oil Tips, 01 July, 2024: Yesterday Crudeoil Buy Call Rocking Profit Rs. 66,000 in 2 Lots. CrudeOil prices rise as demand is expected to ramp up in the U.S. and amid concerns around Hurricane Beryl.
Crude oil import bill up 21.4% in April-May
India’s crude oil imports in the first two months of the current fiscal rose nearly 6% to 43.1 million tonnes from 40.6 million tonnes in the same period last year, as demand for petroleum products continues to rise amid stagnant domestic production, according to the latest data from the Petroleum Planning and Analysis Cell.
गर्मियों में मजबूत मांग की उम्मीद के बीच WTI ने $81.75 के करीब बढ़त हासिल की
मंगलवार को यूएस क्रूड ऑयल (Crude oil) बेंचमार्क वेस्ट टेक्सास इंटरमीडिएट (WTI) 81.75 डॉलर के आसपास कारोबार कर रहा है। मध्य पूर्व में चल रहे भू-राजनीतिक तनावों के बीच गर्मियों में बढ़ती मांग और तेल आपूर्ति संबंधी चिंताओं की उम्मीदों के कारण WTI की कीमत में उछाल आया है।
Crude Oil Prices Today: भू-राजनीतिक जोखिमों और वैश्विक ऊर्जा मांग में मजबूती के कारण कच्चे तेल की कीमतें मजबूत बनी हुई हैं
Crude Oil Prices Today: कच्चे तेल और गैसोलीन की कीमतें आज सुबह मामूली रूप से अधिक हैं, कच्चा तेल 5-1/4 महीने के उच्चतम स्तर पर और गैसोलीन 2 सप्ताह के उच्चतम स्तर पर है। आज कमजोर डॉलर ऊर्जा कीमतों के लिए सहायक है। कच्चे तेल की कीमतें (Crude Oil Prices) इस चिंता के कारण भी बढ़ रही हैं कि मध्य पूर्व में भू-राजनीतिक जोखिम बढ़ने से क्षेत्र से कच्चे तेल की आपूर्ति बाधित हो सकती है। इसके अलावा, उम्मीद से बेहतर वैश्विक आर्थिक खबरें ऊर्जा मांग और कच्चे तेल की कीमतों के लिए सकारात्मक हैं।