Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year

Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year

Jan 20, 2023

  Oil prices rose further on Friday, and were set to end the week higher as optimism over an eventual recovery in Chinese demand this year largely offset fears that a global economic slowdown will dent crude markets. Markets are betting on a

Read More
Oil Extends Gains on China reopening Hopes, Tightening Supply

Oil Extends Gains on China reopening Hopes, Tightening Supply

Nov 14, 2022

Oil prices rose on Monday as markets bet that an eventual scaling back of COVID-19 measures in China will boost the country’s crude demand, while looming curbs on Russian oil shipments also appeared set to tighten supply Crude prices closed last week lower,

Read More
OIL PRICES RISE TO NEAR $90 AS OPEC CUT LOOMS

OIL PRICES RISE TO NEAR $90 AS OPEC CUT LOOMS

Oct 4, 2022

Oil Prices Rose Further On Tuesday As Markets Positioned For The Biggest Supply Cut By OPEC Since The 2020 COVID Crisis, With Weakness In The Dollar Also Helping. London-traded Brent oil futures, the global benchmark, rose 0.6% to $89.28 a barrel, while West

Read More