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Posts filtered by tags: Naeem Aslam[x]


 

Oil slips towards $66 as India offsets demand hopes elsewhere | Reuters

Oil slips towards $66 as India offsets demand hopes elsewhere | Reuters Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over a strong demand rebound in countries including the United States and China.India on Monday reported more than 300,000 new coronavirus cases for a 12th straight day. The new wave of the virus has already led to a drop in fuel sales in the world’s third-largest consumer in April.Brent crude fell 35 cents, ...
Tags: Travel, India, Opec, United States, Middle East, Reuters, Reuters Oil, China India, China Europe, Rupert Neil Bumfrey, U S West Texas Intermediate, Naeem Aslam


Oil drops towards $66 as India demand concerns weigh | Reuters

Oil drops towards $66 as India demand concerns weigh | Reuters Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over rising demand in other major consumers such as China and the United States.India on Monday reported more than 300,000 new coronavirus cases for a 12th straight day. The new wave of the virus has already led to a drop in fuel sales in the world’s third-largest consumer in April.Brent crude fell 31 cents, or 0.5%, ...
Tags: Travel, China, India, Opec, Reuters, Reuters Oil, Rupert Neil Bumfrey, United States India, Naeem Aslam


Oil rises above $31 as lockdown easings counter supply glut - Reuters

Oil rises above $31 as lockdown easings counter supply glut - Reuters:Oil rose above $31 a barrel on Wednesday as hopes for a recovery in demand as some countries ease coronavirus lockdowns offset a report showing a higher-than-expected rise in U.S. inventories.Brent crude has almost doubled since hitting a 21-year low reached on April 22, supported by expectations demand will recover and by a record supply cut led by the Organization of the Petroleum Exporting Countries.Brent LCOc1 was up 45 ce...
Tags: Travel, Reuters, Rupert Neil Bumfrey, Naeem Aslam, U S inventories Brent


Oil rises towards $69 but set for 2019's biggest weekly loss - Reuters

Oil rises towards $69 but set for 2019's biggest weekly loss - Reuters:Oil rose towards $69 a barrel on Friday after two sessions of losses, but remained on track for its biggest weekly drop this year due to rising inventories and concerns about an economic slowdown.U.S. crude inventories rose to hit the highest since July 2017, suggesting ample supplies in the world’s top consumer. [EIA/S] Meanwhile, worries that the U.S.-China trade is developing into a more entrenched dispute have also hit pr...
Tags: Travel, China, Reuters, Rupert Neil Bumfrey, Naeem Aslam, TF Global Markets



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