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2024-07-22 | Industry Dynamics

Oil Prices Rise Ahead of Anticipated Fed Rate Cuts

Oil prices increased in early trading on Monday as investors awaited signs that the Federal Reserve might start reducing interest rates as early as September. By early GMT, Brent crude had risen by 48 cents to USD 83.10 a barrel, while U.S. West Texas Intermediate crude gained 42 cents, reaching USD 80.55. 

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2024-05-27 | Industry Dynamics

Oil Prices Steady as Markets Await OPEC+ Meeting

Oil prices remained largely unchanged in early Asian trading on Monday as the market anticipated the upcoming OPEC+ meeting on June 2. Producers are expected to discuss maintaining voluntary output cuts for the rest of the year. 

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2024-05-10 | Industry Dynamics

Oil Prices Surge Amid Chinese Economic Growth and Middle-East Tensions 

Today’s News Oil prices surged today as Chinese economic data showed improvement, while tensions between Israel and Hamas escalated, driving concerns about supply disruptions.  Oil prices climbed on Friday, continuing their upward trend on signs of a strengthening Chinese economy and escalating tensions between Israel and Hamas. Brent futures rose by 37 cents to USD […]

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2024-05-02 | Education

What’s Next For Oil Prices After The Israel-Iran Conflict?

The recent Israel-Iran conflict might have you picturing oil prices soaring through the roof. But before you panic-buy, read this article!

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2024-01-10 | Industry Dynamics

World Bank: Energy Price Surge Over Middle East Conflict 

Today’s News  On Tuesday, the World Bank warned that the world economy could experience a “wasted” decade and its weakest growth in 30 years. It foresees a year marked by sluggish growth, pointed to a slow recovery from the pandemic and ongoing wars in Ukraine and the Middle East as major factors expected to heavily impact […]