IEA Lifts 2025 Oil Demand View, yet Expects Comfortably Supplied Market
Crude Oil Jumps Back Above $70 as US Inventories Fall to Lowest Level
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.
Commodity Roundup: Commerzbank 2025 Copper View; ING Sees Energy Markets Under Pressure
WTI Edges Higher to Near $70.00 on China Stimulus, New EU Sanctions Against Russia
Oil Settles Up US$1 As EU Agrees Further Sanctions
Crude Oil Rises on Wednesday, WTI Taps $70 per Barrel
Overnight U.S. stocks | The Nasdaq broke 0.02 million points, setting a historical high, and Musk became the first person in the world with a net worth exceeding 400 billion.
As of the close, the Dow Jones Industrial Average fell 99.27 points, a decrease of 0.22%, closing at 44,148.56 points; the Nasdaq rose 347.65 points, an increase of 1.77%, closing at 20,034.89 points; the S&P 500 Index rose 49.28 points, an increase of 0.82%, closing at 6,084.19 points.
International oil prices rose on Wednesday as the EU agreed to implement a new round of sanctions against Russia.
In the early morning of the 12th Beijing time, international Crude Oil Product prices rose on Wednesday. The EU agreed to a new round of sanctions threatening Russian oil exports, which boosted oil prices. However, last week's increase in USA fuel inventories exceeded expectations, limiting the increase.
Update: WTI Rises on China Demand Hopes, As U.S. Inventories Fall and OPEC Trims Its Demand-Growth Forecast
Weekly Crude Inventories Fall More Than Expected; Oil Prices Rise Despite OPEC Cutting Demand Outlook
Oil Extends Gains After U.S. Crude Stocks Draw -- Market Talk
US Total Crude Oil Stocks Decline in Week Ended Dec. 6
Crude Inventory Fell 1.4M Barrels for Week Ended Dec 6 - EIA
OPEC Further Trims Oil-Demand Forecast After Output-Hike Delay
Commodity Roundup: UBS Moderately Constructive on Oil, U.S. Natural Gas
Oil Prices Edge Higher With Focus on US Inventories, China Stimulus
Investors Moving to Natural Gas, Away From Oil as 2025 Energy Stock Play
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Saudi Oil Price Cut for Asia Buyers Underscores Weakening Market Outlook