Oil Steady as Investors Assess Weaker Data, Lower US Fuel Stocks

Oil steady as investors assess weaker data, lower US fuel stocks

LONDON: Oil prices were little changed on Wednesday as investors digested weaker economic data from top oil importers and US inventories pointing to firmer fuel demand, while a stronger US dollar weighed on prices. Brent crude futures edged higher by 9 cents, or 0.14%, to $64.53 a barrel by 0900 GMT, having touched a near two-week low in the prior session. US West Texas Intermediate crude was also up 9 cents, or 0.15%, at $60.65. Weaker economic…

Oil Steady Amid Weak Economic Data, Equity Markets - Energy News, Top Headlines, Commentaries, Features & Events

Summary Weaker data in the US, China fuel demand concerns Russia suspends fuel exports at Black Sea refinery US dollar index holds at three-month high (Reuters) – Oil prices were steady on Wednesday as investors digested weaker economic data from top oil importers while U.S. inventory data provided some support. Brent crude futures were down ...

Crude Oil Falls on Weak Manufacturing Data, Stronger Dollar

By Adedapo Adesanya Crude oil was down on Tuesday as weaker manufacturing numbers and a stronger Dollar weighed on demand, with Brent crude futures losing 31 cents or 0.5 per cent to trade $64.58 a barrel and the US West Texas Intermediate crude future declining by 33 cents or 0.5 per cent to close at $60.72 per

Oil dips amid broader market selloff, strong dollar pressure

Oil prices dipped on Wednesday amid a wider slump in financial markets and a strong U.S. dollar, while investors assessed the supply outlook.

Oil settles lower on stronger dollar, fears of oversupply

Oil prices settled lower on Tuesday as weaker manufacturing numbers and a stronger dollar weighed on demand, while the Opec+ decision to pause output hikes in the first quarter of next year ...