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21 Jumada Al-Akhirah 1446  

Oil prices

US oil target of $67.98 aborted
Business Published 06 May, 2021 02:40pm

US oil target of $67.98 aborted

SINGAPORE: A bullish target of $67.98 per barrel has been temporarily aborted for US oil. It will only be resumed...
Oil climbs to fresh 6-week high
Business Published 30 Apr, 2021 11:39am

Oil climbs to fresh 6-week high

NEW YORK: Oil prices rose to fresh six-week highs on Thursday as strong US economic data, a weak dollar and an...
Oil prices rise on weaker dollar, likely drawdown in U.S. stocks
Business Published 20 Apr, 2021 09:21am

Oil prices rise on weaker dollar, likely drawdown in U.S. stocks

SINGAPORE (Reuters) - Oil prices rose on Tuesday as a weaker U.S. dollar supported commodities and on expectations that crude inventories fell in the United States, the world’s biggest oil user, though rising coronavirus cases in Asia capped gains.
Oil holds near one-month highs as demand forecasts raised
Business Published 15 Apr, 2021 08:13am

Oil holds near one-month highs as demand forecasts raised

TOKYO (Reuters) - Oil prices were lower on Thursday though holding near one-month highs after futures jumped in the previous as the International Energy Agency (IEA) and others upgraded forecasts for oil demand as major economies recover from the pandemic.
Oil prices rise on economic outlook, drawdown in fuel stocks
Business Published 11 Mar, 2021 07:24am

Oil prices rise on economic outlook, drawdown in fuel stocks

SINGAPORE (Reuters) - Crude oil prices rose on Thursday as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories after last month’s Texas storm.