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Oil set for weekly gain on signs of improving demand
Oil set for weekly gain on signs of improving demand By Reuters - May 16, 2024

By Shariq Khan NEW YORK (Reuters) - Oil prices rose in Asian trading hours on Friday, with global benchmark Brent set for its first weekly increase in three weeks on signs of...

OPEC+ likely to role over output cuts - UBS
OPEC+ likely to role over output cuts - UBS By Investing.com - May 16, 2024 1

Investing.com - A group of major crude producers next meets at the start of June, and UBS expects them to agree to extend their voluntary production cuts, in an attempt to keep the...

IEA cuts 2024 oil demand growth forecast
IEA cuts 2024 oil demand growth forecast By Investing.com - May 15, 2024 1

Investing.com - The International Energy Agency cut its forecast for 2024 oil demand growth earlier Wednesday, citing weak demand in developed OECD nations, in particular in...

Oil inventories fall by 3.1M barrels Last Week: API
Oil inventories fall by 3.1M barrels Last Week: API By Investing.com - May 14, 2024 2

Investing.com -- U.S. crude stockpiles fell more than expected last week, the API reported Tuesday, in a sign of improving demand.    Crude Oil WTI Futures, the U.S. benchmark,...

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