- May 19th, 2023
Oil rebounds on fading risk of US debt default
Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. ›
Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. ›
British and Dutch wholesale gas prices were down on Thursday morning and remained near 2-year lows on tepid demand due to strong flows of liquefied natural gas (LNG) and solid inventories. ›
Oil prices fell on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging nearly 3% in the previous session on optimism over U.S. fuel demand. ›
The benchmark Dutch front-month gas contract inched up on Wednesday but remained near its 2-year low on solid inventories and weak demand and is expected to remain at low levels as rising temperatures contribute to lower heating demand. ›
Oil prices fell for a second day on Wednesday after a surprise rise in U.S. crude inventories stoked demand concerns on the heels of weaker-than-expected economic data from the United States and China, the world’s two biggest oil consumers. ›
The benchmark Dutch front-month contract fell to a fresh near 2-year low on Tuesday amid tepid demand and strong supply, but lower wind speeds supported day-ahead prices. ›
Oil futures traded sideways on Tuesday, after mostly weaker-than-expected data from China muddied the outlook for demand from the world’s top crude importer while U.S. plans to refill its Strategic Petroleum Reserve (SPR) underpinned prices. ›
European natural gas prices extended a six-week decline as sluggish demand curbs the need for more aggressive purchases to fill inventories. ›
Oil prices fell on Monday as concerns about fuel demand in the top global oil consumers, the United States and China, offset bullish sentiment about tightening supplies from OPEC+ cuts and a resumption in U.S. buying for reserves. ›
Oil prices fell on Friday, set for their fourth weekly decline, as renewed economic concerns in the United States and China revived anxieties about fuel demand growth in the world’s two largest oil consumers. ›