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Oil prices suffer November drop as Middle East fears ease, OPEC+ delays meeting
Oil futures fell Friday, booking weekly and monthly losses after a cease-fire this week between Israel and Iran-backed Hezbollah helped soothe remaining worries over a wider conflict that could threaten crude supplies.
Oil Prices Rise as OPEC+ Delays Policy Meeting
Oil prices were moving higher intraday Friday as the Organization of the Petroleum Exporting Countries and its allies delayed the cartel's policy meeting initially scheduled for Sunday to Thursday. West Texas Intermediate crude oil was up 1.
Oil on track to record weekly decline as tensions ease in Middle East and demand uncertainty grows
Oil prices edged slightly lower on Friday and were on track to record a weekly loss as a ceasefire between Israel and Hezbollah eased geopolitical tensions, while Opec+ postponed its ministerial meeting amid an uncertain demand outlook.
1d
on MSN
Oil faces uphill fight as demand woes, oversupply challenge OPEC efforts: Reuters poll
Oil prices could stall in 2025 as economic weakness in China clouds the demand picture and ample global supplies outweigh ...
2d
Oil prices end mixed as attention turns to OPEC+ decision on crude production
U.S. and global benchmark crude prices settled mixed after a cease-fire between Israel and Iran-backed Hezbollah eliminated ...
2d
on MSN
Inglewood Oil Field owner sues California for ‘illegal’ terminating of operations
The law "represents an illegal attempt to coerce an individual company to stop operation of its legal business," oil field ...
2d
Oil slips on buildup in US gasoline stocks; eyes on weekend OPEC+ meeting
Oil prices drifted lower on Thursday after a surprise jump in U.S. gasoline inventories, with investors focusing on the OPEC+ ...
3d
on MSN
The Ultimate High-Yield Oil Stock to Buy With $500 Right Now
The price of Brent crude, a key global oil benchmark, has fallen by around 20% in the past seven months or so. That's a ...
3d
on MSN
Trump Treasury Nominee’s Oil Math Doesn’t Add Up
Boosting energy production is easier said than done, and the effect on the government deficit isn’t clear either.
1d
Repsol sells Colombian oil and gas assets for $530 million
Spanish oil company Repsol has agreed to sell oil and gas production assets in Colombia to Geopark for $530 million, the two ...
4d
Should You Buy Warren Buffett Dividend Stocks Chevron and Occidental Petroleum While Oil Is Under $70 a Barrel?
Except for a noteworthy sale in the first quarter of 2023, Chevron has remained a key holding for Berkshire and a notable ...
1d
on MSN
Oil field owner sues California over law that would end its Los Angeles-area operations
The owner of an oil field in Los Angeles County is suing the state of California over a law that will require it to stop ...
2d
Iran Oil Kingpin’s Hedge Fund Is Preparing to Shut London Office
A hedge fund that’s said to be part of a network overseen by Iranian oil trader Hossein Shamkhani has told its London ...
2h
on MSN
Cybertruck Oil Leak Leads To $7,660 Bill, But Who Should Pay For It?
Small rock wedged between motor and crossmember has worn a hole in the aluminium casing causing an oil leak on 9,000-mile ...
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