(Bloomberg) -- Oil rose from its lowest close since 2021 after a deep weekly loss pushed futures close to levels regarded as oversold, with the focus this...
-- Oil rose from its lowest close since 2021 after a deep weekly loss pushed futures close to levels regarded as oversold, with the focus this week on three reports that may clarify the demand outlook .Global benchmark Brent advanced toward $72 a barrel after plunging by almost 10% last week, while West Texas Intermediate was above $68. Oil’s recent losses have been driven by signs of a slowdowns in the US and China, endangering demand at a time of abundant supply.
Crude has tumbled for the past three weeks as the broader market mood become more bearish, joining other commodities and equities in a wide selloff that’s spooked investors. There has also been widespread softness in product markets, including US gasoline and European diesel. The weakness prompted OPEC+ to defer a plan to relax supply curbs by two months.
Scialfa, who's married to Bruce Springsteen, revealed the news in the documentary 'Road Diary: Bruce Springsteen and the E Street Band,' which premiered at TIFFATLANTA — Sean Murphy’s infield ground ball with the bases loaded scored a sliding Eli White in the 11th inning, and the Atlanta Braves rallied for a gritty 4-3 win over the Toronto Blue Jays on Sunday.Key Insights Using the 2 Stage Free Cash Flow to Equity, Baumart Holdings fair value estimate is AU$0.091 Current share...
Hoonigan Signs Asset Purchase Agreement to Divest 4 Wheel Parts’ Retail Stores and Associated E-Commerce Assets to ARB Corporation’s U.S. Affiliate, ORW USA
West Texas Intermediate Demand Outlook Energy Information Administration
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