Published 8 months ago

Oil closes in on $95 per barrel, keeping gas prices near summer highs

Stocks, bonds, and the dollar experienced minimal movement as major central banks prepared for a busy week, with the S&P 500 closing near 4,450.
Brent oil briefly reached $95 a barrel, raising concerns about inflation, while Apple Inc. Saw gains and Tesla Inc. Saw a drop due to lowered earnings estimates from Goldman Sachs.
The Federal Reserve is expected to keep interest rates on hold and maintain a cautious tone, while demand for oil remains steady, potentially bolstered by China's economic recovery.

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Times of India

Oil prices extend gains towards $95 on tight supply

Brent and WTI have climbed for three consecutive weeks to touch their highest since November and are on track for their biggest quarterly increases since Russia's invasion of Ukraine in the first quarter of 2022.

8 months ago·India

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Reuters

Oil prices rise as tight supply outlook offsets demand woes

Oil prices rose on Monday after flirting with $95 a barrel earlier in the session, as expectations of a supply deficit stemming from extended output cuts by Saudi Arabia and Russia as well as weak shale production outweighed concerns about demand.

8 months ago·United Kingdom

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The Hill

Oil closes in on $95 per barrel, keeping gas prices near summer highs

Oil prices are closing in on $95 per barrel as production cuts from Saudi Arabia and Russia continue to impact global markets, keeping gas prices near summer highs at a time when drivers typically expect to see relief at the pump. The price of international benchmark Brent crude rose to $94.34 per barrel as of Monday…

8 months ago·Washington, United States

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Business Insider

Oil hovers near $95 a barrel as global crude surges to its highest level in 10 months

Global supply is tightening and demand is strong, leading the international benchmark to climb for three consecutive weeks.

8 months ago·United States

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Het Nieuwsblad

Oil price approaches 95 dollars per barrel

A barrel of Brent North Sea oil - leading in Europe - costs more than 94 dollars on Monday morning, and remains at the highest level since November last year. A barrel of US WTI oil also costs more than 91 dollars on Monday.

8 months ago·Belgium

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