(Bloomberg) -- Oil steadied after a two-day drop, with stock market losses offsetting a drawdown in US stockpiles and supply disruptions in Libya. Most Read ...
-- Oil steadied after a two-day drop, with stock market losses offsetting a drawdown in US stockpiles and supply disruptions in Libya .Brent traded below $79 a barrel after losing more than 3% over the previous two sessions, and West Texas Intermediate was near $75. Goldman Sachs Group Inc. and Morgan Stanley have cut their 2025 price forecasts this week, with both expecting a surplus next year.
Oil is still modestly higher for the year as expectations of lower interest rates in the US and OPEC+ supply discipline counter a lackluster Chinese demand outlook. The specter of the cartel boosting supply from October is hanging over the market, however. Traders are split on whether the planned increases will go ahead, according to a Bloomberg survey.US Tech Is Holding Back Some AI Products From EuropeBC United leader Kevin Falcon and B.C.
Jenna Dewan Asks to Disqualify Channing Tatum's Legal Team Over“ Magic Mike ”Transactions as Tatum Claims It's a 'Delay Tactic' 'Amazing Race Canada' Season 10: Eliminated father-son team Amari and Michael Linklater have emotional ending
Libya West Texas Intermediate Goldman Sachs Group Inc. Morgan Stanley
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil Holds Losses as Traders Weigh US Stockpiles and Gaza Talks(Bloomberg) -- Oil held a three-day decline after an industry report pointed to a second weekly increase in US crude stockpiles, and as Washington continued ...
Read more »
Oil steady as smaller-than-expected US stock draw counters Libya supply disruptionOil prices held mostly steady on Thursday as a smaller-than-expected draw in U.S. crude inventories and continued worries over China demand countered supply ...
Read more »
Libya’s oil blockade widens as factions vie to control central bankThe crisis over control of the Central Bank of Libya threatens a new bout of instability in a major oil producer split between eastern and western factions that have drawn backing from Turkey and Russia
Read more »
Oil prices jump 3% on Middle East tensions, Libya production haltOil prices rose on Monday as geopolitical tensions and cuts from Libya added to supply worries.
Read more »
Oil prices jump nearly 3% on Middle East tensions, Libya production haltOil prices rose on Monday as geopolitical tensions and cuts from Libya added to supply worries.
Read more »
Libya’s eastern government says all oil fields to close, production and exports haltedThere was no confirmation of the move from Libya’s internationally recognized government in Tripoli, or the National Oil Corp, which controls the country’s oil resources
Read more »