Oil futures trade slightly higher Thursday, with pressure from a renewed rise by the U.S. dollar offset by prospects for a production cut by OPEC+.
Oil futures saw small gains Thursday, with pressure from a renewed rise by the U.S. dollar offset by prospects for a production cut by the Organization of the Petroleum Exporting Countries and its allies.
Price action Market drivers Oil has found support this week, bouncing off eight-month lows, as a rally by the dollar relented, after taking the U.S. Dollar Index DXY to a 20-year high, while traders turned their attention to the prospect of a production cut by OPEC+. A statement from the North Atlantic Treaty Organization said all “currently available information” points to the damage to the Nord Stream 1 and 2 pipelines that has resulted in a series of leaks was the result of “deliberate, reckless, and irresponsible acts of sabotage.” NATO did not identify a perpetrator.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WTI Crude Oil Forecast: Oil Plunges on Economic FearsThe West Texas Intermediate Crude Oil market has fallen rather hard during the session again on Monday to show signs of weakness.
Leer más »
BLM rescinds approval of 5,750-well Monument Butte oil and gas projectThe Bureau of Land Management has officially reversed approval of the proposed 5,750-well expansion to the Uinta Basin’s Monument Butte oil and gas field, putting the project’s future into further doubt.
Leer más »
Big oil's toxic emissions from flaring undeclaredBBC investigation finds oil companies not declaring millions of tonnes of cancer-linked emissions.
Leer más »
Oil Prices Rise After Support Rejection, Strong USD & Growth Risks May Cap GainsOil prices rebound after encountering support in the $76.00/$77.00 area. Despite Tuesday’s move, the technical bias remains slightly bearish for crude WTI. The fundamental landscape appears to be deteriorating for cyclical commodities.
Leer más »
Taliban inks gas, oil, wheat deal with RussiaTaliban inks deal with Russia that would see Moscow supplying around one million tonnes of gasoline, one million tonnes of diesel, 500,000 tonnes of liquefied petroleum gas and two million tonnes of wheat annually to Afghanistan
Leer más »
Goldman cuts 2023 oil price forecast due to weakening demand outlookGoldman Sachs on Tuesday cut its 2023 oil price forecast due to expectations of weaker demand and a stronger U.S. dollar, but said the ongoing global supply disappointments only reinforced its long-term bullish outlook.
Leer más »