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Oil prices dip again as fears of market oversupply loom
After two consecutive weeks of gains, oil prices have fallen back into bear territory this week, as fears about higher supply from Libya and Saudi Arabia outweighed positive signals from China. Earlier this week,
Oil prices mark a weekly loss on prospect of increased supply
Oil futures finished higher on Friday to modestly pare back their weekly loss from expectations OPEC+ will boost production before year-end.
Oil prices dip on stronger supply prospects, China stimulus limits losses
Oil prices eased for a third day on Friday and were on track to fall for the week as investors focused on expectations of increased output from Libya and the broader OPEC+ group, although fresh stimulus from top importer China limited losses.
Oil Falls Amid Concerns Over Rising Supply
Asian session. Prospects of rising supply from Libya and Saudi Arabia have weighed on oil prices, ING said.
Oil Prices, Stocks Fall Hard Despite Broad Rally in Commodities
Prices of copper and steel rose as reports emerged that China will add more stimulus measures to boost its economy.
Oil prices fall as expectations of higher supplies hammer market sentiment
Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the broader OPEC+ group of oil exporters. Brent crude futures fell 57 cents,
US crude oil stocks fall more than expected, reversing previous small rise
US crude oil inventories fell by more than expected in late September, dropping by 4.34 million bbl, reported the American Petroleum Institute (API).
2d
Oil falls on easing Libya supply concerns, lingering China demand worries
Oil prices were little changed on Wednesday as investors reassessed the ability of China's stimulus plans to boost its ...
1d
Libya’s East Government Pledged to Reopen Oil Fields, UN Says
Libya’s eastern-based government has promised to reopen the country’s oil fields shortly, the United Nations’ envoy to the ...
3h
Oil prices fall on expected supply boost from Libya, Saudi
The prices of crude oil lowered as supply risks began to ease in the global commodities market. Brent crude plunged by 2.5% ...
2d
on MSN
Commodity Roundup: Oil extends losses on prospect of more supply from Saudi and Libya, gold rallies
Oil prices slipped on Thursday, extending losses from the previous session, after reports suggested Saudi Arabia, the world's ...
1d
Libya Names Central Banker in Deal That May End Oil Blockade
Libyan factions agreed to appoint a new central bank governor, paving the way for a resolution to a row that’s slashed the ...
1d
Deal to Reopen Libya’s Central Bank Eases Fears of Renewed Conflict
A standoff over control of the bank had destabilized the country’s economy and raised the prospect of fresh fighting between ...
2d
Oil Drops on Signs Libya Supply Disruptions Potentially Easing
Oil cooled after the biggest advance in more than a week as traders tracked developments in Libya and assessed the potential ...
17h
Investigator reveals China tried to smuggle drones to Libya disguised as COVID aid
China attempted to send $1 billion worth of drones disguised as COVID-19 aid to a Libyan warlord through the assistance of ...
1d
on MSN
Oil steady but on track for weekly drop on firmer supply outlook
Oil prices held steady on Friday but remained on track for a weekly fall as investors weighed expectations for increased ...
11h
Oil Settles Higher but Falls on the Week on Firmer Supply Outlook
Brent crude futures settled up 38 cents, or 0.53%, at $71.89 per barrel. Front-month U.S. West Texas Intermediate crude ...
devdiscourse
1d
Libya's Central Bank Crisis: Steps Towards Resolution Amid Oil Revenue Struggles
Libya's eastern and western legislative bodies have signed a UN-mediated agreement to resolve the central bank leadership ...
2d
on MSN
Oil prices slide on prospects Saudi Arabia to raise output
Oil prices slipped on Thursday, reversing earlier gains, on news that Saudi Arabia, the world's top crude exporter, will give ...
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