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Analysts said that world oil prices are set to remain volatile

Brent crude falls $4 a barrel on easing supply fears

Brent crude futures, the international oil benchmark, fell $4 a barrel today as fears of supply interruptions from the conflict between Israel and Iran and a massive Gulf of Mexico hurricane eased.

Business • 08 Oct 24

World oil prices posted their steepest weekly rise in more than a year last week

Oil extends gains on fears of wider Middle East conflict

Oil prices rose more than 3% today, with Brent surpassing $80 per barrel for the first time since August, as the increased risk of a region-wide Middle East war jolted investors out of record bearish positions amassed last month.

Business • 07 Oct 24

World oil prices are headed for weekly gains of about 10% after turmoil in the Middle East continues

Oil prices set for 9% weekly gains on threat of wider war

Oil prices rose sharply, and were on track for 10% weekly gains as investors weighed the prospect of a wider Middle East conflict disrupting crude flows after President Biden said the US was discussing an Israeli attack on Iranian oil facilities.

Business • 04 Oct 24

Oil prices rose again today as the prospect of a widening Middle East conflict that could disrupt crude oil flows

Oil prices jump 2% on Middle East supply fears

Oil prices continued to rise today on investor concern that a widening Middle East conflict could disrupt crude oil flows from the region, though a stronger global supply outlook kept a lid on gains.

Business • 03 Oct 24

Brent futures up 84 cents, or 1.14%, to $74.40 per barrel by 1516 GMT

Oil prices up 1% on Middle East tensions

Oil prices climbed 1% today on worries that the escalating conflict in the Middle East could threaten oil supplies from the world's top producing region, but a large build in US crude inventories limited gains.

Business • 02 Oct 24

Brent futures fell $1.31, or 1.6%, to $80.12 a barrel by 1527 GMT

Oil prices fall 2% on economic worries, technical decline

Oil prices fell about 2% today on worries that slower economic growth in the US and China could reduce demand for energy, especially after prices surged over 7% during the prior three days.

Business • 27 Aug 24

Brent crude futures climbed $2.28, or 2.89%, to $81.30 a barrel by 1430 GMT

Oil climbs 3% on Mideast tensions, Libya output cuts

Oil prices rose nearly 3% today as supply concerns sharpened on reports of escalating conflict in the Middle East as well as production cuts in Libya.

Business • 26 Aug 24

Both Brent and WTI prices are set to gain more than 3% on a weekly basis

Oil set for 3% weekly gain on easing recession concerns

Oil prices edged higher today and were on course for a weekly gain of more than 3% as US jobs data eased demand concerns while fears of a widening Middle East conflict continue to raise supply risks.

Business • 09 Aug 24

World oil prices have declined about 7.3% over the last four weeks in the longest streak of consecutive weekly losses this year

Oil prices set for fourth weekly fall on demand concerns

Oil prices rose today but were set for a fourth successive weekly decline, as signs of disappointing global fuel demand growth outweighed fears of supply disruptions.

Business • 02 Aug 24

Oil prices dipped today on worries about the slowing Chinese economy

Oil prices edge down on worries about Chinese demand

Oil prices declined today on worries of a slowing Chinese economy crimping demand and despite a growing consensus the US Federal Reserve could begin cutting its key interest rate as soon as September.

Business • 16 Jul 24

Oil prices slip as Gaza talks ease supply worries but the threat of Hurricane Beryl remains in focus

Oil slips as Gaza talks ease supply worries in focus

Oil prices edged lower today after gaining for four weeks as supply disruption worries eased on hopes of a ceasefire deal in Gaza, but the potential impact of Hurricane Beryl on supplies kept the slide in check.

Business • 08 Jul 24

Oil prices are near their highest levels since late April on hopes of strong summer fuel demand and some supply concerns

Oil prices on track for fourth week of gains in a row

Oil prices steadied near their highest levels since late April today, and were on track for a fourth week of gains in a row, driven by hopes of strong summer fuel demand and some supply concerns.

Business • 05 Jul 24

World oil prices were higher again today after rising about 2% in the previous session

Oil rises on summer demand outlook and supply fears

Oil prices climbed nearly 1% today, extending gains to two-month highs on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl.

Business • 02 Jul 24

Oil prices have gained about 5% this month to reach their highest in more than seven weeks

Oil set for second week of gains on improving demand

Crude oil futures were little changed today but on course to rise for a second week amid signs of improving demand and falling oil and fuel inventories in the US, the world's biggest oil consumer.

Business • 21 Jun 24

World oil prices have recovered strongly in the last two weeks

Oil hits seven-week high on demand hopes, war jitters

Oil prices hit seven-week highs today as summer demand optimism and concerns over escalating conflicts offset an industry report that said US crude inventories unexpectedly rose.

Business • 19 Jun 24

World oil prices had gained around 2% yesterday, closing at their highest levels since April

Oil prices stable as demand uncertainty persists

Oil prices were stable today, as traders awaited signs of a hoped-for summer demand boost to prop up prices even as strong supply threatens to blunt gains.

Business • 18 Jun 24

Brent oil futures lost about 2% last week, while WTI fell by nearly 3%

Oil prices steady as markets turn focus to OPEC+ meeting

Oil prices were little changed today, making marginal advances in muted trade due to public holidays in Britain and the US after a downbeat week characterised by the outlook for US interest rates in the face of sticky inflation.

Business • 27 May 24

Brent crude futures fell by $1.54, or 1.8%, to $82.17 a barrel by 1210 GMT

Oil prices fall on demand fears over Fed's rates path

Oil prices fell more than 1% today as lingering US inflation was poised to keep interest rates higher for longer, which could impact consumer demand at the pump.

Business • 21 May 24

World oil prices are steady today amid political uncertainty in major producing countries

Oil steadies after death of Iran's president

Oil prices were stable today as the market awaited further clues on the likely path of US interest rates in the wake of cautious comments from US Federal Reserve officials, even as inflation shows signs of cooling.

Business • 20 May 24

World oil prices had settled about $1 lower on Friday

Oil slips on signs of weak fuel demand, strong dollar

Oil prices extended declines today amid signs of weak fuel demand and as comments from US Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp energy use in the world's biggest economy.

Business • 13 May 24

World oil prices are on track for weekly losses as investors worried about the prospect of higher-for-longer interest rates curbing growth in the US and in other parts of the world

Oil prices set for steepest weekly drop in three months

Oil prices edged higher today but remained on course for their steepest weekly loss in three months weighed by concerns about demand and high interest rates.

Business • 03 May 24

US interest rate cuts could bolster economic growth and, in turn, demand for oil

Oil prices fall as US business activity cools

Oil prices were moderately lower today as worries over conflict in the Middle East eased and business activity in the world's largest oil consumer slowed, however, a fall in US crude oil inventories put a floor on those losses.

Business • 24 Apr 24

Oil market fears of a major escalation to hostilities in the Mideast have appeared to ease

Oil steadies after surge following reported Iran attack

Oil steadied today after prices spiked earlier on reports that Israel had attacked Iran, as market fears of a major escalation to hostilities in the Mideast appeared to ease and a build-up of global oil stocks weighed.

Business • 19 Apr 24

World oil prices have softened this week as economic headwinds curb gains from geopolitical tensions

Oil falls as demand worries outweigh Middle East risks

Oil prices slipped nearly 3% today, pressured by a rise in US commercial inventories rose, weaker economic data from China and US progress on Ukraine and Israel aid bills.

Business • 17 Apr 24

Brent crude futures for June delivery rose 5 cents, or 0.1%, to $90.15 a barrel by 1510 GMT

Oil slips on easing Middle East supply concerns

Oil prices were largely steady today after the US announced plans to hit Iran with new sanctions after its weekend attack on Israel, and as Israel's war cabinet is also set to meet for the third time in three days.

Business • 16 Apr 24