An isolated and humiliated Russia is the biggest danger of 2023, political-risk consulting firm Eurasia Group said Tuesday, unveiling its annual list of top geopolitical risks. “A humiliated Russia will Read more
Tag: Brent Crude Oil Continuous Contract
Oil prices fall to begin 2023 as China worries persist
Oil futures traded lower Tuesday to kick off the new year, reflecting continued worries that surging COVID-19 cases in China will crimp demand from one of the world’s largest energy Read more
IEA raises oil demand view on gas-to-oil switching
A better-than-expected response to Europe’s energy crisis and surprising economic resilience among major Asian economies are boosting demand for oil as a heat source, the International Energy Agency said Wednesday Read more
Oil prices move higher on hopes China will relax COVID curbs
Oil futures traded higher Tuesday, finding support on signs China might ease up on COVID-19 restrictions following a wave of protests that sent crude prices tumbling in the previous session. Read more
U.S. oil price erases 2022 gain as China protests stoke demand fears
Oil futures fell sharply Monday, with the U.S. benchmark wiping out what remained of this year’s big gain, as protests over China’s strict COVID-19 restrictions stoked worries over demand for Read more
Oil prices jump after China eases some COVID-19 restrictions
Oil prices were climbing on Friday after China eased some COVID-19 restrictions, with support for the commodity also stemming from relief surrounding U.S. inflation data that weighed on the dollar. Read more
Oil prices on track to fall for third session as traders await U.S. inventory report
Oil futures sold off again on Wednesday, on track for a third day in the red, as fears about waning demand in China continued to weigh on prices. Price action Read more
Oil weakens as investors assess China demand outlook
Oil futures lost ground Tuesday as investors remained uncertain about the outlook for crude demand from China. Price action West Texas Intermediate crude for December delivery CL00, -1.02% CL.1, -1.02% Read more
Goldman downgrades Shell over ‘relatively expensive’ valuation versus competitors
Shares in Shell dropped 2% on Monday as Goldman Sachs downgraded the big oil company as its period of “outperformance” led to “a relatively expensive valuation vs peers,” its analysts Read more
Oil ticks lower as hopes fade for China’s relaxation of COVID restrictions
Oil futures ticked lower early Monday, with weakness tied in part to fading hopes China would relax curbs aimed at curtailing the spread of COVID-19. Price action West Texas Intermediate Read more