Crude Oil Jumps Back Above $70 as US Inventories Fall to Lowest Level

FXStreet07:34 ET

IEA Monthly Report: Even if OPEC+ delays production increases, there will still be an oversupply of oil next year!

The IEA stated that if OPEC+ implements the production recovery plan starting in April, the Global market will face a surplus of 1.4 million barrels per day. The IEA has raised the forecast for global oil demand growth in 2025 by 90,000 barrels to 1.1 million barrels, mainly due to the economic stimulus measures recently announced by China.

wallstreetcn06:42 ET

Oil Settles Up US$1 As EU Agrees Further Sanctions

Business Today18:54 ET

Update: WTI Rises on China Demand Hopes, As U.S. Inventories Fall and OPEC Trims Its Demand-Growth Forecast

MT Newswires14:40 ET

Weekly Crude Inventories Fall More Than Expected; Oil Prices Rise Despite OPEC Cutting Demand Outlook

MT Newswires14:23 ET

Oil Extends Gains After U.S. Crude Stocks Draw -- Market Talk

WSJ12:06 ET