Brent Crude Oil News

 

Oil Falls as Chinese Demand Sags, Fed Ponders Rate Cut

Dec 16, 2024

Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, which is the world's largest oil importer, and as investors paused buying ahead of the U.S. Federal Reserve's interest rate decision…

Oil Rises as Syria's Assad Departs, China eases Monetary Policy

Dec 09, 2024

Oil prices rose by nearly 2% on Monday on increased geopolitical risk after the fall of Syrian President Bashar al-Assad, and as top importer China flagged its first move towards a loosened monetary policy stance since 2010.Brent crude futures were up $1…

Oil Steadies as Sverdrup Restart eases Geopolitical Jitters

Nov 19, 2024

Oil prices traded steady on Tuesday as Norway's Johan Sverdrup oilfield restarted production and there were reports of Iran offering to cap its uranium stockpile, factors that offset investor concerns about escalation of the Russia-Ukraine war…

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