Analysts Cut Oil Price Forecasts for Fourth Consecutive Month

IEA predicts oil supply surplus amid weak China demand in 2025

OPEC cut its forecast for global oil demand growth in 2024 and also lowered its projection for next year, marking the producer group's fourth ...

Brent Oil Prices Steady Despite OPEC Demand Forecast Cut, Where ...

Technical analysis suggests that oil prices are eyeing a bounce but could face resistance around $74.00 and $76.35. Click to read.

Crude Closes Higher on Signs of Cooperation Among Major OPEC+ ...

Global energy demand concerns are undercutting crude prices after OPEC on Tuesday cut its 2024 global oil consumption forecast to 1.8 million ...

Dollar up, Oil down – Eyes on US CPI - FXStreet

Add to that the fact that OPEC cut its oil demand forecast for fourth consecutive month this week, and you have a comfortably bearish picture in ...

Oil Market News: Oil Prices Jump as OPEC+ Delays Output Hike

Pipeline Pinch Squeezes Permian Oil Prices · OPEC+ Squeeze Fuels Canadian Oil Stock Rally · OPEC Secretary General Remains Bullish on Oil Demand.

OPEC Trims Demand Forecast for Fourth Straight -2- - MarketScreener

0952 GMT - Agricultural commodity prices are mixed, with few clear directional signals for investors. Wheat prices are up 0.2% at $5.67 a ...

Oil set to fall for fourth week as demand concerns weigh on sentiment

Oil prices increased on Friday, yet were poised for a fourth consecutive weekly drop ... month low on strong dollar, Fed rate cut ...

EIA: Brent crude prices to stay near $90/bbl to end-2024

“The spot price of Brent crude oil averaged $90/bbl in April, up $5/bbl from March and the fourth consecutive monthly increase. However ...

Oil records weekly loss on demand concerns and expectations of oil ...

China's oil refiners processed 4.6 per cent less crude oil last month compared to the previous year, marking the seventh consecutive month of ...

OPEC Cuts Oil Demand Estimates Again - The Pinnacle Gazette

The report pointed out expectations of rising oil demand; yet, OPEC has slashed its forecast by 400,000 barrels per day for the remainder of the ...

News: Analysts Cut Oil Price Forecasts for Fourth Consecutive Month

Weaker-than-expected Chinese oil demand and high inventories globally have prompted economists and analysts in a Reuters poll to reduce their oil price ...

Signal That Interest Rate Cuts Would Be Among the Central Bank's ...

Technical Analysis: The oil market is seen continuing to trade sideways, within its trading range we previously mentioned from $71 to $79. The market will ...

OPEC just revealed its market manipulations backfired big time ...

For the first time OPEC forecasts that its rivals will produce more oil this year than the world needs. ... fourth consecutive month, according to its monthly ...

Oil prices fall for fourth week as US job growth disappoints | Energy

LONDON - Oil prices fell by more than $1 on Friday, remaining on course for a fourth successive weekly drop after data showed the U.S. ...

Macquarie Sees "Heavy Surplus" for Oil in 2025, Cuts Oil Price ...

The bank revised down its forecast for Brent Crude price by $2 per barrel to $80 for the rest of 2024. OPEC. Weaker-than-expected demand is set ...

Crude Oil - Price - Chart - Historical Data - News - Trading Economics

Crude Oil decreased 4.49 USD/BBL or 6.27% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark ...

Oil Prices Set to End Week Higher after US Rate Cut

Oil prices eased on Friday, but were on track to register gains for a second straight week following a large cut in US interest rates and ...

Oil futures climb, with global prices registering the first monthly gain ...

Oil futures marked monthly gains but WTI also saw a second consecutive quarterly decline — off nearly 7% — and Brent logged a fourth straight ...

Crude Oil Prices Fall 2.5% Overnight As OPEC Cuts ... - YouTube

Crude prices fell by 2.5% overnight as OPEC lowers its global demand forecast. Weak demand, coupled with the lack of significant new ...

Oil rises after U.S. posts crude, gasoline stock draw - Markets

Gasoline stocks fell by 2 million barrels to 229.7 million barrels, much bigger than the 600,000-barrel draw analysts expected during U.S. ...