Libya once again becomes the market focus, oil prices stop falling for two consecutive times.
After two consecutive days of decline, oil prices rose slightly on Thursday, as concerns about the supply from Libya once again became the focus.
Express News | BP : Morgan Stanley Cuts Target Price to $38.4 From $41.5
US Total Crude Oil Stocks Decline in Week Ended Aug. 23
ExxonMobil Warns of Oil Supply Risks, Prices Could Surge 5X
Oil Prices Give Back Some Gains After Rally on Libyan Production Halts
Goldman Cuts Oil Outlook Below US$80 as Opec+ Risks Send Chill
International oil prices continue to fall? Goldman Sachs and Deutsche Bank both lower their expectations.
①With the increase in global oil supply, Goldman Sachs and Morgan Stanley recently lowered their oil price forecasts. ②Both companies expect a global crude oil market surplus, with oil prices expected to decline over the next 12 months.
The oil price decline shows no signs of stopping? The OPEC+ decision is crucial, with Goldman Sachs and Morgan Stanley both bearish until 2025.
Wall Street is concerned about the crude oil product outlook for next year, with Goldman Sachs and Morgan Stanley both lowering price forecasts due to the global increase in supply.
Overnight US stocks | The three major indexes rise and fall differently, the Dow hits a new historical high, and the tense situation in the Middle East helps crude oil surge by more than 3%.
At the close, the Dow Jones Industrial Average rose 65.44 points, or 0.16%, to 41,240.52; the Nasdaq Composite fell 152.03 points, or 0.85%, to 17,725.77; the S&P 500 Index fell 17.77 points, or 0.32%, to 5,616.84.
Crude Oil Futures Rise on Middle East Tensions
Exxon Bets Big On Oil: Expects Crude Demand To Defy Green Transition
Will crude oil demand never sleep? exxon mobil (XOM.US) heavy forecast: demand will be flat with now by 2050.
Exxon Mobil said in its latest energy outlook on Monday that it expects global crude oil demand to remain at over 0.1 billion barrels per day by 2050, similar to today's level.
Oil prices rise more than 3%! "Double Storm" in the Middle East situation upgraded + Libya suspends exports.
The eastern government of Libya announced today that it has halted all crude oil production and exports. Concerns about disruptions in crude oil supply have soared due to the large-scale attack on Israel announced by Hezbollah yesterday. Brent crude oil touched $81 at one point today, while WTI crude oil rose above $77.
Pepe Price Forecast: PEPE Poised for a 15% Slump as It Fails to Overcome Key Barrier
The bulls and bears are deadlocked, and oil prices are hovering in the range of 75-90 US dollars.
The trend of significant volatility in oil prices at the beginning of August has quickly reversed and is currently hovering in the range of $75-90.
BP Buys $50M Stake in Chinese Sustainable Aviation Fuel Producer
BP Slides to Two-year Lows While Shell Gains With Focus on Shareholder Returns
BP Slumps to Two-Year Low as Investors Spurn Green Shift
BP Shares Fall to Two-year Low as Investors Spurn Green Shift
Oil prices fall + production cuts, Saudi Arabia's June oil exports drop to a three-year low.
Due to falling oil prices and production cuts, Saudi Arabia's petroleum export revenue has fallen to its lowest level in three years.