Oil prices fall on US oil hoarding and Chinese demand concerns

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• 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 near 10-month high due to tight supply, awaiting US inflation data
  Oil rose on Wednesday, consolidating its position near the ten-month price high it reached during Tuesday’s trading, as the market balanced supply concerns over Libyan production and OPEC+ curbs with global macroeconomic factors.
• 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 climb due to a weaker dollar and expectations for OPEC+ output cuts
  Oil prices saw a slight increase on Tuesday, attributed to a weakened dollar and expectations that the OPEC+ producer group would intensify and prolong output cuts amid concerns about subdued demand.
• 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.
• Oil prices rise on bargain hunting ahead of Fed rate decision.
  Oil prices rose on Tuesday as investors engaged in bargain hunting, seeking to recover from the previous day’s significant decline. However, the gains were constrained by cautiousness among investors due to upcoming policy decisions from the U.S. Federal Reserve and other central banks.
• Oil prices rise on falling inventories, potential Chinese stimulus
  Brent oil prices surged in Asian trading on Friday due to the assessment of potential Chinese economic stimulus following weak economic data, declining U.S. inventories, and supply cuts from major producers.
• Oil prices rise $1 on fears of tight supply
  Crude oil prices rose by more than $1 on Wednesday after a tightening in US fuel supplies and inventories. Warnings from Abdulaziz bin Salman Al Saud, the Saudi energy minister, raised speculators‘ prospects of further OPEC+ production cuts.
• Oil prices stabilize amidst Israel-Hamas conflict assessment
  On Monday, oil prices declined following last week’s surge, as investors monitored the potential involvement of other nations in the Israel-Hamas conflict, which could lead to further price increases and adversely impact the global economy.
• Oil Prices Struggle Near Three-Month Lows Amid Mounting Demand Worries.
  On Wednesday, oil prices faced challenges, having dropped to their lowest point in more than three months during the previous session. The decline was influenced by worries surrounding reduced demand in major oil-consuming nations, particularly the United States and China.
• Oil rises after OPEC+ maintains output curbs, but uncertain demand curbs gains
  On Thursday, oil prices saw a slight increase, recovering a portion of the significant losses from the previous session. This came as an OPEC+ panel decided to uphold oil output reductions in order to maintain a constrained supply. However, gains were limited due to uncertainty surrounding the demand outlook.
• Oil Rises After Supply Disruptions in Iran and Russia
  Oil prices rose in early Asian trading Thursday, trying to end a 3-day losing spree amid supply disruptions in Iran and Russia, though fears of weakening economic growth and demand kept sentiment weak.