Oil dips as rate hike bets offset US debt deal HOUSTON: Oil prices slipped on Monday, as worries over further interest rate hikes that could curb energy demand... Updated 29 May, 2023 09:57pm
Markets Brent oil may retest support of $75.11 Brent oil may retest a support of $75.11 per barrel, a break below which could open the way towards $73.65. The deep... Published 26 May, 2023 09:59am
Markets Oil prices up 1% as US closes in on debt deal HOUSTON: Oil prices rose 1% on Friday as U.S. officials appeared close to striking a debt ceiling deal, and as the... Updated 26 May, 2023 10:07pm
Markets Brent oil still targets $79.81 Brent oil still targets $79.81 per barrel, as suggested by its wave pattern and a projection analysis. The contract... Published 25 May, 2023 10:00am
Markets Oil down nearly 3% as Russia downplays additional OPEC+ cuts LONDON: Oil prices fell on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of... Updated 25 May, 2023 08:00pm
Markets Brent oil may test resistance at $78.32 Brent oil may test a resistance at $78.32 per barrel, a break above could lead to a gain to $79.81. The contract has... Published 24 May, 2023 10:37am
Markets Brent oil may approach resistance $77.40 again Brent oil may approach a resistance at $77.40 per barrel again, as it refused to fall to its May 15 low of $73.49.... Published 23 May, 2023 09:39am
Markets Oil rises on supply outlook, Saudi speculator warning LONDON: Oil rose on Tuesday supported by optimism the U.S. would avoid a debt default, a tighter market outlook and... Updated 23 May, 2023 08:57pm
Markets Asia to drive oil demand growth in second half, says Vitol DUBAI: Asia will lead oil demand growth of around 2 million barrels per day (bpd) in the second half of the year, a... Published 22 May, 2023 10:21pm
Markets Brent oil may revisit May 15 low of $73.49 Brent oil may revisit its May 15 low of $73.49 per barrel, as it has completed a bounce from this level. The bounce... Published 22 May, 2023 09:28am
Markets Brent oil may retest resistance zone of $76.65-$77.40 Brent oil may retest a resistance zone of $76.65-$77.40 per barrel, as suggested by its wave pattern and a rising... Published 19 May, 2023 09:48am
Markets Brent oil may retest resistance at $77.40 after correction Brent oil may retest a resistance at $77.40 per barrel, probably after a shallow correction to $75.90. The surge on... Published 18 May, 2023 09:49am
Markets Oil prices broadly stable as all eyes on US debt talks LONDON: Oil prices were broadly stable on Thursday as traders warily watched for signs of progress on talks to raise... Updated 18 May, 2023 06:31pm
Markets Brent oil neutral in $74.43-$76.09 range Brent oil looks neutral in a range of $74.43-$76.09 per barrel, and an escape could suggest a direction. The... Published 17 May, 2023 12:22pm
Markets Oil rises on debt ceiling, demand optimism Oil prices rose 2% on Wednesday as optimism on oil demand and US debt ceiling negotiations outweighed supply... Updated 17 May, 2023 09:38pm
Markets Brent oil may test resistance zone of $76.09-$76.65 Brent oil may test a resistance zone of $76.09-$76.65 per barrel, a break above which could lead to a gain to... Published 16 May, 2023 10:58am
Markets Brent oil may break support at $73.68 and fall more Brent oil may test a support at $73.68 per barrel, with a good chance of breaking below this level and falling... Published 15 May, 2023 10:05am
Markets Oil prices rise as tight supplies compete with economic concerns LONDON: Oil prices rose slightly on Monday as bullish sentiment about tightening supplies from OPEC+ cuts and a... Updated 15 May, 2023 05:34pm
Markets Brent oil may retrace further to $73.65 Brent oil may retrace further to $73.65 per barrel, as its bounce from $71.28 has completed. The completion was... Published 12 May, 2023 10:39am
Markets Oil prices head for fourth weekly drop as demand fears weigh LONDON: Oil prices slipped on Friday, heading for a fourth weekly decline, as renewed economic concerns in the... Updated 12 May, 2023 02:52pm
Markets Oil prices slip 1%, US jobless data and debt-ceiling talks weigh NEW YORK: Oil prices slid about 1% on Thursday as a political standoff over the US debt ceiling stoked recession... Updated 11 May, 2023 09:01pm
Markets China’s April crude oil imports fall to lowest since January BEIJING: China’s crude oil imports fell in April to the lowest level since January, customs data showed on Tuesday,... Published 09 May, 2023 09:22am
Markets Brent oil may retest resistance at $73.39 Brent oil may retest a resistance at $73.39 per barrel, a break above which could lead to a gain to $74.70. The... Published 05 May, 2023 09:59am
Markets Oil prices jump but still on track for third weekly fall HOUSTON: Oil prices jumped on Friday but were set for a third straight week of losses after sharp declines earlier... Updated 05 May, 2023 08:59pm
Markets Brent oil may bounce into $74.36-$74.99 range Brent oil may bounce into a range of $74.36-$74.99 per barrel, as it has found a strong support of $71.67. The... Published 04 May, 2023 10:53am
Markets Oil steady after smaller ECB hike, demand concerns linger LONDON: Oil prices were stable after the European Central Bank (ECB) decided on Thursday to slow interest rate... Updated 04 May, 2023 07:34pm
Business & Finance Oil slumps 5pc to five-week low amid US debt default fears NEW YORK: Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as US politicians... Published 03 May, 2023 06:35am
Markets Asia naphtha crack tumbles NEW DELHI: Asia’s naphtha market plunged to a more than three-month low on Wednesday as weaker prices of... Published 20 Apr, 2023 06:30am
Markets Russian rouble continues slide amid demand for foreign currency The Russian rouble opened down on Monday, continuing last week’s decline, which saw the currency hit lows unseen... Published 10 Apr, 2023 02:02pm
Markets Brent oil may bounce further into $75.89-$76.43 range Brent oil may bounce further into $75.89-$76.43 per barrel, due to the completion of a five-wave cycle. The cycle... Published 22 Mar, 2023 10:13am
