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Oil Holds Advance on Signs US Inventories Are Still Shrinking

(Bloomberg) Oil edged higher — after rising about 2% on Tuesday — on signs US stockpiles are continuing to drop, and as an official forecast pointed to a narrow global deficit this year.Most Read from BloombergSEC X Account Compromised to Falsely Say Bitcoin ETFs ApprovedAmazon’s Twitch to Cut 500 Employees, About 35% of StaffUS and Allies Met Secretly With Ukraine on Peace PlanBlackRock Cuts 3% of Global Workforce, Citing Dramatic Industry ShiftsXi, Biden and the $10 Trillion Cost of War Ove ....

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Oil holds ground after earlier posting losses

The API noted a bigger-than-expected drop in crude inventories in the US, but that was offset by rising supplies of refined products ....

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Oil Holds Five-Day Slide as Global Outlook Darkens Despite OPEC+

(Bloomberg) Oil held the bulk of a five-day run of losses that drove prices to the lowest since June on signs that global supplies are eclipsing demand despite plans by OPEC+ to rein in its production into 2024.Most Read from BloombergApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferGlobal Bonds Power Ahead as Dovish Bets Take Hold: Markets WrapKevin McCarthy Leaving House Months After Ouster as SpeakerBiden Says ....

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Oil Dragged Lower as OPEC+ Discord Forces Delay to Key Meeting

(Bloomberg) Oil tumbled as discord within OPEC+ forced the group to delay its upcoming meeting, quelling speculation of further production cuts by the Saudi-led alliance just as US data showed a hefty rise in stockpiles.Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridaySam Altman, OpenAI Board Open Talks to Negotiate His Possi ....

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Oil prices plunge as US inventories jump and worries build over China demand

Oil prices fell as fresh data also showed that the US continued to churn out a record 13.2 million barrels of crude a day. ....

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