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OIL AND OIL DERIVATES

Oil prices correct down on low US inventory build

Date: 23.02.2024 Author: Yana Palagacheva
Oil prices correct down on low US inventory buildPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices slumped in early trading on Friday as official US inventory data showed a smaller increase than analysts expected, while the US central bank took a more cautious tone on cutting interest

Oil prices cling to gains amid signs of supply tightening

Date: 22.02.2024 Author: Luke Roshan, Montel
Oil prices cling to gains amid signs of supply tighteningPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices edged higher on Thursday, holding onto gains made in the previous session supported by signals of supply tightening in the market.

Oil prices edge up as Middle East tensions persist

Date: 21.02.2024 Author: Luke Roshan, Montel
Oil prices edge up as Middle East tensions persistPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices rose early on Wednesday as concerns over escalating tensions in the Middle East and increased attacks on commercial ships in the Red Sea overshadowed a weaker global demand growth outlook.

Oil softens as economic fears continue to stoke supply concerns

Date: 20.02.2024 Author: Selva Freigedo, Montel
Oil softens as economic fears continue to stoke supply concernsPhoto: OMV Petrom

Oil prices softened on Tuesday as economic fears prompted oversupply concerns amid weakening demand despite Middle East tensions persisting.

Oil prices ease as demand woes offset geopolitical risks

Date: 19.02.2024 Author: Yana Palagacheva
Oil prices ease as demand woes offset geopolitical risksPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices fell on Monday, after gaining 1.5% last week, as fresh economic data pointed to a slow economic recovery in the US likely to dampen demand and outweighing geopolitical concerns.

Croatian Ina’s profit stable despite lower gas, oil prices

Date: 16.02.2024 Author: Dalibor Dobrić
Croatian Ina’s profit stable despite lower gas, oil pricesPhoto: F. Buva

Croatian energy company Ina reported a consolidated net profit of EUR 250m in 2023, almost unchanged from 2022, despite a drop in gas and oil prices, the company said late on Thursday.

Oil trades flat as lower demand sentiment outweighs risks

Date: 16.02.2024 Author: Yana Palagacheva
Oil trades flat as lower demand sentiment outweighs risksPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices were trading little changed early on Friday as weaker demand sentiment tempered this week’s bullishness.

Modest oil surplus may dampen market volatility – IEA

Date: 15.02.2024 Author: Jeff Coelho, Montel
Modest oil surplus may dampen market volatility – IEAPhoto: Victor Habbick via FreeDigitalPhotos

A modest oil supply surplus is helping to limit price volatility driven by heightened tensions in the Middle East, the International Energy Agency said on Thursday.

Rising US crude stocks weigh on oil prices

Date: 15.02.2024 Author: Jeff Coelho, Montel
Rising US crude stocks weigh on oil pricesPhoto: Montel

Oil prices eased early on Thursday, with analysts citing a larger-than-expected increase in US crude inventories for weighing on the market.

Oil prices retreat from two-week highs amid strong dollar

Date: 14.02.2024 Author: Jeff Coelho, Montel
Oil prices retreat from two-week highs amid strong dollarPhoto: Montel

Oil prices sagged early on Wednesday following their two-week highs reached in the previous session driven by signs of tightening supply and ongoing tensions in the Middle East.

Oil prices trade flat ahead of key economic data

Date: 13.02.2024 Author: Selva Freigedo, Montel
Oil prices trade flat ahead of key economic dataPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices were little changed early on Tuesday – in spite of continued geopolitical tensions in the Middle East – as investors await the release of key economic data.

Oil eases but Middle East fears grow as Rafah comes under attack

Date: 12.02.2024 Author: Yana Palagacheva, Montel
Oil eases but Middle East fears grow as Rafah comes under attackPhoto: Montel

Oil prices softened on Monday morning following last week’s 6% surge but sentiment remained bullish over concerns around escalating tensions in the Middle East as Israel launched airstrikes on the



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