Oil prices rose on Monday in thin year-end trading, driven by forecasts of colder weather across the U.S. and Europe, expected to boost diesel demand. Brent crude futures settled at $74.39 a barrel, up 22 cents (0.3%), while the more active March contract closed at $73.99, up 20 cents. U.S. West Texas Intermediate (WTI) crude […]
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“You can’t go back and change the beginning, but you can start where you are and change the ending.” – C.S. Lewis Jobs Update Stocks closed lower on Friday of last week, but higher week over week Wall Street continues to be in holiday mode as investors face another holiday-shortened week of sparse economic data […]
Oil prices rose on Friday, with Brent crude settling at $74.17 per barrel, up $0.91 or 1.2%, and U.S. West Texas Intermediate (WTI) closing at $70.60 per barrel, gaining $0.98 or 1.4%. The gains were supported by a larger-than-expected drawdown in U.S. crude inventories, which fell by 4.2 million barrels for the week ending December […]
Oil prices dipped slightly on Thursday amid thin holiday trading, as a stronger U.S. dollar countered optimism over China’s fiscal stimulus plans. Brent crude fell 0.43% to $73.26 a barrel, while U.S. West Texas Intermediate dropped 0.68% to $69.62. China plans to issue 3 trillion yuan ($411 billion) in special treasury bonds next year to […]
Oil prices rose on Tuesday, rebounding from Monday’s losses amid a brighter short-term market outlook and thinning holiday trade. Brent crude climbed 88 cents (1.2%) to $73.51 a barrel, while WTI increased 91 cents (1.3%) to $70.15. Analysts attributed the gains to expectations of steady prices during the holiday season and potential supply disruptions leading […]
Oil prices dipped on Monday in light holiday trade amid concerns over a potential supply surplus in 2024 and a strengthening dollar. Brent crude fell 31 cents (0.43%) to $72.63 a barrel, while WTI dropped 22 cents (0.32%) to $69.24. Last week, Brent and WTI lost 2.1% and 2.6%, respectively, as the Federal Reserve signaled […]
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“A wise man can learn more from a foolish question than a fool can learn from a wise answer.” – Bruce Lee Jobs Update Stocks closed higher on Friday of last week, but lower week over week Wall Street suffered its worst weekly loss in just over a month on Friday as market participants received […]
Oil prices held steady on Friday, with Brent crude rising 6 cents (0.08%) to $72.94 per barrel, and WTI gaining 8 cents (0.12%) to $69.46. Both benchmarks finished the week down about 2.5%. Cooling U.S. inflation supported expectations for rate cuts, weakening the dollar and boosting oil demand prospects. However, concerns lingered about China’s weakening […]