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Oil and Gas Sector · United StatesBy Katya Golubkova TOKYO (Reuters) -Oil prices were flat on Thursday, cooling from the previous session as weak demand in the United States and broad oversupply risks countered concern over attacks in the Middle East and Russia’s war in Ukraine. Brent crude futures were up 1 cent, or 0.01%, at $67.50 a barrel by 0156 GMT, and U.S. West Texas Intermediate crude futures added 2 cents, or 0.03%, to $63.69. The benchmark contracts gained more than $…See the Story
Oil Prices Flat Amid Weak US Demand, Softening Economy
100% Center coverage: 3 sources
Oil and Gas SectorOil shaved off some of its recent gain as a worsening market output tempers geopolitical concerns. The International Energy Agency said it now sees an even larger record oil surplus next year as OPEC+ continues to revive production and supply from rivals grows. Brent wavered after the report, while holding above $67 a barrel and still up by more than 2.5% for the week. The slight dip follows a three-day gain driven by tensions in the Middle East…See the Story
Oil Falls as Weaker Outlook Undercuts Geopolitical Supply Risks
Coverage: 2 sources
