PROD

Oil prices erase 2022 gains as China’s protests spark demand worries

WTI hits lowest since Dec 2021, Brent at lowest since Jan 2022 Clashes in Shanghai as COVID protests flare across China Investors focus on next OPEC+ meeting on Dec 4 Nov 28 (Reuters) – Oil prices fell close to their lowest this year on Monday as street protests against strict COVID-19 curbs in China, the …

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Oil muted as price cap proposal eases supply concerns

G7 price cap on Russian oil could be above current trading level EIA gasoline stocks data shows higher than expected build COVID-19 controls tighten in China Nov 24 (Reuters) – Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level of …

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Oil slides over 3% on Russian price cap talks, US gasoline build

EIA US gasoline stocks data shows higher-than-expected build G7 price cap on Russian oil could be above current trading level Chinese demand concerns weigh as COVID-19 cases surge Majority of Fed officials see rate hikes slowing soon HOUSTON, Nov 23 (Reuters) – Oil prices fell more than 3% on Wednesday, continuing a streak of volatile …

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Oil rises as OPEC+ focus on supply cuts outweighs recession concerns

Saudi Arabia, other OPEC producers deny output hike talks Beijing shuts parks and museums as China’s COVID cases rise Coming up: API supply report LONDON, Nov 22 (Reuters) – Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market, outweighing …

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Oil prices ease to trade near 2-month lows on China demand fears, dollar strength

Brent, WTI contracts earlier fell by $1 a barrel Beijing districts close schools as China’s COVID cases rise Higher dollar weighs on prices LONDON, Nov 21 (Reuters) – Oil prices dropped to trade near two-month lows on Monday, having earlier slid by around $1 a barrel, as supply fears receded while concerns over fuel demand …

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Walmart lifts annual forecast, announces $20 bln share buyback

Nov 15 (Reuters) – Walmart Inc (WMT.N) on Tuesday lifted its annual sales and profit forecast as demand for groceries holds up despite higher prices, while discounts on clothing and electronics helped it cut back excess inventories ahead of the busy holiday season . The company also announced a new $20-billion share buyback plan, sending …

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Oil falls $1 on China COVID surge and firmer dollar

Brent and WTI prices ease after Friday’s gains Major Chinese cities report record COVID-19 cases US Fed not softening fight against inflation, governor says LONDON, Nov 14 (Reuters) – Oil prices fell on Monday, dragged down by a firmer US dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the …

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Oil stable below $100/bbl as market balances Chinese data

LONDON, Nov 7 (Reuters) – Oil prices were stable on Monday, hovering close to $100 a barrel as support from a weaker dollar and recovering Chinese crude imports met renewed demand concerns linked to China’s stringent COVID containment approach. Brent crude futures rose by 6 cents, or 0.06% to $98.63 a barrel at 1026 GMT. …

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Oil climbs as dollar slips and supply risks linger

Brent, WTI claw back some losses Looming European ban on Russian crude supports market More rate hikes, recession fears weigh on market SINGAPORE, Nov 4 (Reuters) – Oil climbed on Friday as the dollar eased and supply risks lingered, though recession fears and China’s COVID outbreaks kept a check on prices. Brent crude futures were …

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