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JP Morgan analyst John M Royall highlighted key trends for the North American Integrated Oils sector entering 2025, with updates on forecasts, price targets, and ratings on major companies. Rating ...
Oil rose for the next two weeks, with Brent ending at $87.63 and WTI at $81.31, with loosening of restrictions in China a big reason, along with expectation of smaller interest rate increases. A lower oil rig count and the Russian cap also contributed, though U.S. crude inventories were the highest since June 2021. [2]
Low demand for oil in the U.S., lower U.S. unemployment, a strong U.S. dollar and losses in the stock market contributed to WTI falling nearly 4 percent on September 4 to $39.77, the first time below $40 since July. WTI ended the week down 7.5 percent after four up weeks, and Brent finished the week at $42.66, down nearly 7 percent.
The market anxiety ahead of Donald Trump's tariffs deadline focused Friday on oil and gas after the president acknowledged there could be issues including the energy staple in his overall plans.
Stock market news live updates: Stocks crater, Dow hits 2022 low, and oil plunges as Fed and growth fears roil markets. Alexandra Semenova. Updated September 23, 2022 at 7:35 PM.
Commercial crude oil stock pile. The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3). [1]
On 10 March, the Dow Jones Industrial Average, the NASDAQ Composite, and the S&P 500 all closed 4.9% up, [211] while Asia-Pacific stock markets closed up and European stock markets closed down. [ 212 ] [ 213 ] Oil prices rose by 10%, [ 214 ] while yields on 10-year and 30-year U.S. Treasury securities rose to 0.70% and 1.16% respectively. [ 215 ]
Crude stocks fell by 1.8 million barrels in the week ended Nov. 22, the EIA added, far exceeding analysts' expectations in a Reuters poll for a draw of 605,000 barrels. Oil steady after surprise ...