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Oil Price - Oil prices projected to stay at low levels in 2024, report says
The analysis from Deloitte released Tuesday predicts an average WTI price — typically regarded as the benchmark for crude oil — of $72 US per barrel this year.
Economic worries and new supplies temper outlook for crude oil price
A steady growth in oil supplies from countries outside the Opec+ cartel and an uncertain economic outlook are expected to keep a lid on the price of crude this year, even as the Israel-Hamas conflict ...
Oil prices steady as markets debate Middle East crisis and OPEC supply
Oil prices steadied in early trade on Tuesday after sliding in the previous session, as markets weighed Middle East tensions against demand worries and rising OPEC supply.
Cost of oil drops after Saudi Arabia slashes prices
The price of oil fell sharply after Saudi Arabia cut its own prices, countering concerns of supply constraints that might arise from political unrest in the Middle East.Saudi Arabia, a key exporting ...
Oil falls over 3% as Saudi price cuts add to demand doubts
Oil prices fell over 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output that offset supply concerns generated by escalating geopolitical tension in the Middle East ...