Oil prices dropped after the EIA revised total US oil demand (Feb) higher. A surprise in US employment costs also sparked a rise in USD, weighing on oil
A drone strike on Russian oil infrastructure and Israel’s targeted attack on the Iranian embassy in Damascus helped maintain oil’s recent rise ahead of the OPEC meeting
A pessimistic growth outlook continues to limit oil’s upside potential despite elevated geopolitical tensions. Could better-than-expected US GDP provide a bullish catalyst?
Brent and WTI oil dropped around 4% on Monday after Saudi Arabia discounted a key benchmark price for oil heading to Asia as increased competition, lower demand take effect
Saudi Arabia supports OPEC + decision on rate cuts, US production breaks record levels for second successive month and the US focuses on replenishing SPR levels