Published 1 month ago

Oil gains as market buffeted by supply worries

Oil prices surged due to falling U.S. Crude inventories and escalating geopolitical tensions leading to tighter supplies.
Speculative investors have driven up oil prices, with net long positions reaching a five-month high.
Iran vowed revenge on Israel, heightening Middle East tensions, while Mexico's Pemex halted crude exports to focus on domestic processing.

Insights by Ground AI

Does this summary seem wrong?

0 Articles

All

Left

Center

Right

Channel News Asia

Oil gains as market buffeted by supply worries

Oil prices extended gains on Wednesday as a larger than expected fall in U.S. crude inventories and escalating geopolitical tensions raised investor worries about tighter supplies.Brent futures for June delivery rose 20 cents, or 0.22 per cent, to $89.12 per barrel, while U.S. West Texas Intermediate (WTI

1 month ago·Singapore

Read Full Article

Globo

U.S. oil stocks buck estimates and rose last week

American commodity inventories rose by 3.210 million barrels in the week ending last Friday (29), according to data from the Department of Energy (DoE)

1 month ago·Brazil

Read Full Article

Benzinga

Crude Oil Climbs To 5-Month High In Q1, Analysts Expect High Prices To Persist In Q2 - Chevron (NYSE:CVX), ConocoPhillips (NYSE:COP)

First quarter of 2024 saw a surge in oil prices due to tightening supply/demand and geopolitical concerns. Benchmarks rose to five-month highs.

1 month ago·New York, United States

Read Full Article

Anadolu Ajansı

Oil prices up ahead of OPEC+ meeting due to supply concerns

American Petroleum Institute data late Tuesday showing decrease of 2.3 million barrels in US crude oil inventories assists higher prices - Anadolu Ajansı

1 month ago·Türkiye

Read Full Article

Oil & Gas 360

U.S. crude oil inventories increase by 3.2 million barrels

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

1 month ago·Denver, United States

Read Full Article

Inquirer

Oil gains as market buffeted by supply worries

Oil prices extended gains on Wednesday as a larger than expected fall in U.S. crude inventories and escalating geopolitical tensions raised investor worries about tighter supplies. Brent futures for June delivery rose 20 cents, or 0.22 percent, to $89.12 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for May climbed 17 cents, or

1 month ago·Manila, Philippines

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.