Energy & precious metals - weekly review and outlook
Investing.com - By the time you read this, OPEC would have probably decided, even announced, new production levels meant to seize pricing of oil back from the hands of short-sellers who’ve...
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WisdomTree WTI Crude Oil News & Analysis
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ONGC Gets 'Buy' Tag Despite Major Blow in Q4 Margin & Profit, 39% Upside Seen
By Malvika Gurung Investing.com -- The brokerage firm Motilal Oswal (NS:MOFS) Financial Services continues to maintain a bullish stance on the state-owned oil major ONGC (NS:ONGC) despite...
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Pakistan opens barter trade with Afghanistan, Iran & Russia
Islamabad, June 3 (IANS) In another step to release pressures on dwindling foreign exchange reserves, Pakistan has opened up barter trade with Afghanistan, Iran and Russia for certain items...
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Oil rallies 2nd day in row, paring weekly loss ahead of OPEC
Investing.com -- Fear that the OPEC+ alliance of world oil producers could announce a third production cut in nine months led crude prices to rally again on Friday, significantly paring...
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Crude oil soars on debt ceiling progress; OPEC+, Fed meeting in focus
Investing.com -- Oil prices rose sharply Friday after the U.S. debt ceiling deal passed through Congress, averting a default ahead of the weekend’s meeting of OPEC ministers and their allies...
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Oil rises on debt ceiling optimism, OPEC uncertainty caps gains
Investing.com -- Oil prices rose in Asian trade on Friday as markets cheered the approval of a bill to raise the U.S. debt ceiling and avoid a default, although uncertainty ahead of an OPEC...
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Crude oil gains as the US is set to suspend its debt ceiling until 2025.
Crude oil yesterday settled up by 2.43% at 5828 supported by a weaker dollar and market relief as the US is set to suspend its debt ceiling until 2025. OPEC and its allies are unlikely to...
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Yemen urges int'l support for UN plan to avert looming oil tanker disaster
Aden (Yemen), June 2 (IANS) Yemen urged international society to fund a UN plan to prevent a huge oil tanker moored off in the Red Sea from a catastrophic oil spill.The country's state-run...
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Oil: OPEC’s action on Sunday will be price-driven vs. hype - Citi
Investing.com -- The outcome of Sunday’s OPEC+ meeting will most likely be price-driven versus the alliance’s hype that it isn’t price-focused, analysts at Citigroup suggested in a note...
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Iraq exports over 100 mn barrels of crude oil in May
Baghdad, June 2 (IANS) Iraq exported about 102.46 million barrel of crude oil last month, generating $7.3 billion in revenue, the country's Oil Ministry announced.The average price for Iraqi...
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S&P 500 rides debt-ceiling progress higher; Tech resumes climb
Investing.com -- The S&P 500 climbed Thursday as the U.S. moved closer to averting a default after the House passed a debt-ceiling bill. The S&P 500 was up 1.1%, the Dow Jones...
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Oil up 4% after 3-day loss; ‘OPEC+ fear’ offsets U.S. supply build
Investing.com -- It’s the same script that plays out before each OPEC+ meeting and we’re seeing it again. Crude prices rose as much as 4% Thursday, paring the 7% loss from three previous...
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U.S. crude stocks up about 4.5M barrels last week - EIA
Investing.com -- U.S. crude stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls in both as oil bulls bet...
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House passes debt limit bill, Fed rate debate intensifies - what's moving markets
Investing.com -- The race to lift the U.S. debt ceiling before a disastrous default clears a major hurdle after the House of Representatives passes a bill raising the limit. Meanwhile,...
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Oil moves higher on debt ceiling progress, positive Chinese data
Investing.com -- Oil prices rose in Asian trade on Thursday, rebounding from near one-month lows as investors cheered progress towards averting a U.S. debt default, while signs of life in...
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Crude oil dropped on stronger dollar and weak data from China raised demand fears
Crude oil yesterday settled down by -1.15% at 5690 on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears. The following table shows crude output by the...
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U.S. crude stocks up 5.2M barrels last week - API
Investing.com -- U.S. crude stockpiles likely rose last week along with inventories of fuel, petroleum industry group API indicated in a report Wednesday that bucked expectations for falls...
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Oil hits 4-week low on Chinese manufacturing slide, dollar spike
Investing.com -- Oil prices hit four-week lows on Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half...
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Growth of eight key infrastructure sectors slides to 6-month low of 3.5% in April
New Delhi, May 31 (IANS) The eight key infrastructure sectors' growth slid to a six-month low of 3.5 per cent in April 2023, mainly owing to a fall in crude oil production, natural gas,...
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Crude oil slumps on demand concerns after weak Chinese data
Investing.com -- Oil prices fell sharply Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half of the...
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Dow futures fall 65 pts; debt talks, job openings, Beige Book in focus
Investing.com -- U.S. stocks are seen opening with small losses Wednesday, with investors continuing to focus on the passage of the deal to lift the debt ceiling through Congress as the...
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Debt limit progress, weak Chinese data - what's moving markets
Investing.com -- The stage is set for a dramatic vote on the debt ceiling bill in the House of Representatives as the June 5 default deadline ticks ever closer. Meanwhile, disappointing...
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UN vessel arrives at site of decaying tanker off Yemen's coast
Sanaa, May 31 (IANS) A UN ship arrived at the site of the decaying super oil tanker, named Safer, off the coast of Ras Issa in western Yemen.The UN office in Yemen said in a statement that...
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Crude oil falls on US debt deal struggles, OPEC+ talks uncertainty
Crude oil yesterday settled down by -4.64% at 5756 as concerns about the U.S. debt ceiling pact cooled the market's risk-on sentiment and mixed messages from major producers clouded the...
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Oil dips further after sharp losses as weak Chinese data weighs
Investing.com -- Oil prices edged lower in Asian trade on Wednesday, retaining steep declines from the prior session as markets awaited a vote on the U.S. debt ceiling, while disappointing...
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Oil tumbles 4% on worries over what Fed will do and OPEC might not
Investing.com -- As anxiety-inducing as the drama over the U.S. debt ceiling was, it has faded from oil traders’ radar with the tentative deal reached between the White House and rival...
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