US EditionOil Prices Steady as Market Balances Stockpile Gains and Seasonal Demand - Channelchek
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4 Articles
The oil market presents curious movements lately.The futures of West Texas Intermediate (WTI) have dropped to $66 per barrel, according to the original report.This decline occurred after President Donald Trump strongly denied that he had any plan to fire Federal Reserve President Jerome Powell.Inventory versus demandThe previous session showed us a slide in the price of crude oil of up to 1.7%, influenced by government data indicating a drop in …
Stable oil prices, the market without direction Admin FCE 17 Jul 2025 - 12:07 Economy and markets Oil is stable on Thursday in a market without direction, while, on the one hand, Donald Trump's inflation and ultimatum to Russia support prices and, on the other hand, the prospects for a decline in demand due to the US trade war lead to prices. Around 09:15 GMT (11:15 in Paris), the price of Brent's barrel of the North Sea, for delivery in Septemb…
Oil prices fell this Wednesday, as the increase in fuel inventories in the United States and concerns about the overall economic impact of tariffs countered the signs of higher crude consumption in China.Brent crude futures dropped 19 cents, or 0.28%, to $68.25 a barrel.The US crude futures West Texas Intermediate gave 14 cents, or 0.21%, to be placed at $66.38.You may be interestedMercadosPrices of oil close down for fear of oversupplyInventori…
Oil Prices Steady as Market Balances Stockpile Gains and Seasonal Demand - Channelchek
Oil prices held relatively steady on Wednesday, July 16, as competing forces in the global energy market kept prices from making strong moves in either direction. West Texas Intermediate (WTI) crude hovered near $66 per barrel after an earlier dip in the session. The market saw downward pressure from an unexpected rise in crude inventories at Cushing, Oklahoma, a key storage and pricing hub. At the same time, distillate fuel demand, which includ…
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