Oil near 10-month high due to tight supply, awaiting US inflation data

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• Oil climbs due to supply concerns and China’s recovery
  Crude oil prices climbed for the third consecutive session on Monday. This rise was driven by expectations of an expanding supply shortfall in the fourth quarter, following extensions of production cuts by Saudi Arabia and Russia. Additionally, optimism regarding a demand recovery in China contributed to the increase.
• Oil falls as dollar strengthens and demand concerns
  Oil prices fell during Asian trading on Thursday while the US dollar strengthened on expectations of an interest rate hike.
• Oil gains for week on supply cuts, demand concerns
  Oil prices increased on Friday, leading to a weekly gain, driven by heightened Chinese demand and supply cuts from OPEC+. This upward momentum persisted despite concerns about the global economy’s weakness and the possibility of future interest rate hikes.
• Oil gets cheaper ahead of China and US data, but OPEC+ cuts limit its decline
  Oil prices in Asian trading on Monday experienced a slight decline as investors exercised caution ahead of upcoming economic data releases from major consumers like the United States and China. However, the expected cuts in crude supply from Saudi Arabia and Russia helped limit the extent of the losses.
• Oil is on track for its fourth consecutive quarterly decline
  Despite oil prices surpassing $75 per barrel on Friday, they are set to record a fourth consecutive quarter of losses. This downward trend is primarily driven by concerns surrounding sluggish global economic activity and reduced fuel demand.
• OIL MARKET REVIEW AND A FORECAST FOR LIGHT SWEET CRUDE OIL, APRIL 7-11, 2014
  Light Sweet crude oil?s (WTI) price was going up the whole week and got to $100.9/barrel on Friday. WTI rates were su...
• OIL MARKET REVIEW AND A FORECAST FOR LIGHT SWEET CRUDE OIL, MARCH 17-21, 2014
  Price of Light Sweet Crude oil was going down the whole week. It started week above $102.00 and got to $97.00/barrel b...
• OIL MARKET REVIEW AND A FORECAST FOR LIGHT SWEET CRUDE OIL, MARCH 17-21, 2014
  Price of Light Sweet Crude oil was going down the whole week. It started week above $102.00 and got to $97.00/barrel b...
• OIL MARKET REVIEW AND A FORECAST FOR LIGHT SWEET CRUDE OIL, MARCH 24-28, 2014
  Price of Light Sweet (WTI) oil was growing the whole week, except Tuesday, when it dropped to $97/barrel. Maximum of t...
• OIL MARKET REVIEW AND A FORECAST FOR LIGHT SWEET CRUDE OIL, MARCH 24-28, 2014
  Price of Light Sweet (WTI) oil was growing the whole week, except Tuesday, when it dropped to $97/barrel. Maximum of t...
• Oil on track for fifth week of growth
  Oil prices are steady on Friday, but are poised for a fifth straight week of gains as investors are optimistic that healthy demand and reduced supply will keep prices high.
• Oil Poised to End Two-Week Slump as Supplies Tighten
  Oil prices were on the verge of ending a two-week losing streak, rising for a fourth consecutive session on Friday. This was attributed to tightening supplies and the anticipation that the OPEC+ coalition of oil producers would prolong output cuts until the end of the year.
• Oil price hovers above $90 as market awaits Fed and ECB outlook data
  Brent crude oil futures contracts held above $90 a barrel during Tuesday’s session, with investors awaiting macroeconomic data that could hint at whether there will be further interest rate hikes in the US and Europe.
• Oil price returns above key support
  Ropa prudko zareagovala na správu, že OPEC + sa bude držať svojho plánu produkcie. Vo vyhlásení sa však uvádza, že v prípade ďalších veľkých zmien na trhu môže OPEC + zvážiť zmenu svojej politiky dodávok. To viedlo k výraznému zotaveniu. Cena sa odrazila od približne 63,00 USD a momentálne sa obchoduje nad úrovňou 65,00 USD. Za zmienku stojí, že úroveň 64,75 USD označuje spodnú hranicu 24% korekcie, podobnej tej z minulého roka.Okrem toho Novavax oznamuje, že už pracuje na novej vakcíne proti koronavírusu Omicron, ktorá by mala byť potenciálne dostupná v januári.
• Oil prices climb amid supply concerns amid Russian political turmoil
  Oil prices climbed on Monday due to concerns about potential supply disruptions following a revolt by Russian mercenaries over the weekend, which has raised worries about political instability in Russia, a major global oil producer.
• Oil Prices Decline Amidst Risk Aversion at the Start of Q4; Attention Turns to OPEC
  Every market, including the oil market, is influenced by a complex web of factors, and it doesn’t exist in isolation.
• Oil prices drop on China concerns, stronger dollar
  Oil prices fell 1% due to China’s economic worries and a stronger dollar, after weeks of gains from OPEC+ supply cuts.
• Oil prices have increased as inflation in the United States has cooled down
  On Wednesday, oil benchmark Brent futures surpassed $80 per barrel, reaching this level for the first time since May. The surge in oil prices came as U.S. inflation data indicated that the cycle of interest rate hikes in the world’s largest economy is expected to slow down.
• Oil prices hold steady ahead of OPEC meeting and data-packed week.
  Oil prices remained largely unchanged during Asian trade on Monday, maintaining most of their recent gains. Market participants are eagerly awaiting signals from an upcoming OPEC meeting and key U.S. economic data scheduled for release this week.
• Oil prices rise amid rate hike concerns and worries over China’s economic slowdown
  Oil prices edged higher in Asian trading on Wednesday, as traders considered subdued demand signals from China, the leading importer, along with the possibility of additional U.S. interest rate increases, juxtaposed with potential supply constraints.