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Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution
Fuel

Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution

Ritu January 31, 2023 0 comment

Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over an upcoming Federal Reserve meeting and an OPEC decision on production. Chinese business activity grew more than expected in January, government data showed, indicating that the country’s economy was clearly on a path […]

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Oil Rises After Steep Losses, But Recession Fears Limit Gains
Fuel

Oil Rises After Steep Losses, But Recession Fears Limit Gains

Ritu January 25, 2023 0 comment

Oil prices rose on Wednesday, recovering a measure of sharp losses from the prior session, although fears of a global recession and signs of another major build in U.S. inventories kept gains limited. Crude prices have fallen into a holding pattern over the past month, with markets constantly weighing the prospect of slowing global economic […]

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Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year
Fuel

Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year

Ritu January 20, 2023 0 comment

Oil prices rose further on Friday, and were set to end the week higher as optimism over an eventual recovery in Chinese demand this year largely offset fears that a global economic slowdown will dent crude markets. Markets are betting on a strong boost to the Chinese economy from the week-long Lunar New Year holiday, […]

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Oil Languishes Below $80 as Recession Fears Outweigh Tighter Supply
Fuel

Oil Languishes Below $80 as Recession Fears Outweigh Tighter Supply

Ritu December 7, 2022 0 comment

Oil hovered near a one-year low on Wednesday as increasing concerns over U.S. economic health and the Federal Reserve largely offset positive supply-side signals from a bigger-than-expected draw in crude inventories. A growing number of Wall Street banks warned of a potential recession in 2023, especially if interest rates keep rising and if inflation proves […]

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Oil rally Stalls on Weak Chinese Data, Uncertainty Over OPEC Cut
Fuel , Oil

Oil rally Stalls on Weak Chinese Data, Uncertainty Over OPEC Cut

Ritu December 1, 2022 0 comment

Oil prices were muted on Thursday, cutting short a three-day rally after data highlighted growing economic cracks in major crude importer China, while markets also speculated over whether the OPEC’s last meeting for the year will result in a supply cut. Chinese manufacturing activity- a bellwether for the economy- weakened substantially in November, official and […]

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Oil Sinks Further as China COVID Concerns outweigh Tightening Supply
Fuel , Oil

Oil Sinks Further as China COVID Concerns outweigh Tightening Supply

Ritu November 17, 2022 0 comment

Oil prices fell further on Thursday as increasing COVID-19 cases in China brewed more doubts over slowing crude demand, even as data showed U.S. inventories dropped far more than expected and as supply appeared to be tightening. China reported over 20,000 daily new cases this week, its highest rise in roughly seven months. While the […]

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Oil on Edge as Markets weigh Poland Strike, Sluggish Demand
Fuel

Oil on Edge as Markets weigh Poland Strike, Sluggish Demand

Ritu November 16, 2022 0 comment

Oil prices fell slightly on Wednesday as investors awaited more clarity on a potential Russian missile strike against Poland, while mixed U.S. inventory data and concerns over slowing Chinese demand also brewed more uncertainty in the market Crude markets were focused squarely on the North Atlantic Treaty Organization’s (NATO) response to a Russian-made missile killing […]

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Oil Extends Gains on China reopening Hopes, Tightening Supply
Fuel

Oil Extends Gains on China reopening Hopes, Tightening Supply

Ritu November 14, 2022 0 comment

Oil prices rose on Monday as markets bet that an eventual scaling back of COVID-19 measures in China will boost the country’s crude demand, while looming curbs on Russian oil shipments also appeared set to tighten supply Crude prices closed last week lower, but rallied sharply on Friday after China said it will loosen some […]

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Fuel price hike could see 50,000 small truckers going out of business
Fuel

Fuel price hike could see 50,000 small truckers going out of business

Ritu February 23, 2021 0 comment

By Administrator_India Capital Sands About 50,000 truckers, most of whom are single-truck owners, could be thrown off their businesses due to the recent fuel price hike. “Already the vehicle supply on the road is higher than the requirement. With the fuel price hike, fleet owners will look to cut down fleet size wherever needed and […]

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Oil Up, Reverses Earlier Losses but Fuel Demand Worries Remain
Fuel

Oil Up, Reverses Earlier Losses but Fuel Demand Worries Remain

Ritu February 1, 2021February 1, 2021 0 comment

By Administrator_India Capital Sands Oil was up Monday morning in Asia. However, a resurgence of COVID-19 globally continues to take an economic toll and dampen fuel demand. Brent oil futures were up 0.29% to $55.18 by 8:41 PM ET (1:41 AM GMT) and WTI futures inched up 0.06% to $52.23. Both Brent and WTI futures remained above the […]

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