Oil Broadly Flat Amid Demand Weakness, New Sanctions Against …

1054 GMT – Oil prices are broadly stable as bearish demand trends offset support from tougher sanctions against Russia. Brent crude and WTI are flat at $73.52 and $70.30 a barrel, respectively.

$73.52
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Oil Broadly Flat Amid Demand Weakness, New Sanctions Against …

2 weeks from now

1054 GMT – Oil prices are broadly stable as bearish demand trends offset support from tougher sanctions against Russia. Brent crude and WTI are flat at $73.52 and $70.30 a barrel, respectively.

wsj.com

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Oil Settles Up $1 As EU Agrees Further Sanctions Threatening …

2 weeks from now

Dec 11, 2024 · Oil prices settled more than $1 higher on Wednesday after the European Union agreed to an additional round of sanctions threatening Russian oil flows that could tighten …

reuters.com

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Oil Surges On Supply Risks Amid Prospects Of Tighter Sanctions

2 weeks from now

6 days ago · The benchmarks are on track for weekly gains of 2.7% and 3.2%, respectively, supported by prospects of stricter U.S. sanctions against Russia and Iran and declining …

wsj.com

FAQs about Oil Broadly Flat Amid Demand Weakness, New Sanctions Against … Coupon?

Why did oil prices remain stable despite conflicting market forces?

Oil prices remained relatively stable despite conflicting market forces. Weak demand forecasts and rising U.S. fuel inventories tempered gains from new EU sanctions on Russia. OPEC lowered its demand growth outlook, while China signaled potential economic stimulus. Market watchers await U.S. interest rate decisions next week. ...

Why did oil prices drop in early Asian trade?

Oil prices were little changed in early Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in US gasoline and distillate inventories stemmed gains from an additional round of European Union sanctions that threatened Russian oil flows. Brent crude futures were down 5 cents at $73.47 a barrel at 0141 GMT. ...

Why did oil prices drop on Thursday?

(Reuters) -Oil prices were little changed on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories placed a lid on gains from an additional round of EU sanctions threatening Russian oil flows. ...

Why did oil prices settle more than $1 higher on Wednesday?

(Reuters) -Oil prices settled more than $1 higher on Wednesday after the European Union agreed to an additional round of sanctions threatening Russian oil flows that could tighten global crude supplies. ...

Why did oil prices jump 2% in midday trade?

1111 GMT – Oil prices jump more than 2% in midday trade as traders focus on potential supply disruptions and expectations of stronger heating-fuel demand due to colder temperatures. Brent crude is up 2.6% to $78.94 a barrel, while WTI rises 2.7% to $75.92 a barrel. ...

Will China's monetary policy lead to a rise in oil demand?

Weak demand, particularly in top importer China, and non-Opec+ supply growth were two factors behind the move. However, investors anticipate a rise in Chinese demand, after Beijing unveiled plans this week to adopt an "appropriately loose" monetary policy in 2025, which could spur oil demand. ...