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Oil Updates — Crude ticks up; Citi s Morse says Brent expected to fall below $80 per barrel

RIYADH: Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in US crude stockpiles. Brent crude futures rose 66 cents, or 0.78 percent, to $84.84 a barrel at 11.50 a.m. Saudi time, while US West Texas Intermediate futures gained 69 cents, or 0.87 percent, to $80.43 a barrel. Data from China showed

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Citi Doesn t See $100 Oil Despite Shock OPEC+ Cuts

Oil prices are not going anywhere near $100 per barrel despite the latest round of production cuts according to Citigroup’s Ed Morse

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OPEC: White House got heads up on OPEC+ cut

The US sought to strike a balance between denouncing the decision to cut output and not further sour relations with Saudi Arabia.

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The oil market looks drastically different today than it did when Russia invaded Ukraine

The oil market looks drastically different today than it did when Russia invaded Ukraine
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Oil Holds Above $105 As Demand For Fuels Offsets China Lockdowns

Oil held above $105 a barrel as investors weighed higher demand for refined products against a slew of lockdowns in major cities in China. West Texas Intermediate futures were little changed in early Asian trade after closing 0.5% higher on Monday. Record fuel exports from the U.

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