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Oil prices up over 4% for week ending March 5
- Prices rise on back of OPEC+ decision to maintain rather than raise output cuts for April
Oil up as OPEC+ expected to keep output cuts unchanged
- Prices soar despite highest-ever increase in US crude oil inventories since 1982
Oil prices up with more optimistic demand outlook
- Price rise comes despite build of 7.4 million barrels in US crude inventory relative to forecast of 1.9 million-barrel fall
Oil slips ahead of OPEC+ meeting on Thursday
-Concerns over OPEC+ output increases and uncertainty over oil demand recovery still weigh on oil prices
Oil prices up with US relief bill, 3rd vaccine approval
- Geopolitical risks continue weighing on oil prices after Saudi-Yemen tension and US attack on Iranian positions in Syria
Oil prices up over 3% for week ending Feb. 26
- Rising value of US dollar makes oil more expensive for buyers, limiting further oil price increases
Oil prices fall as dollar appreciates
- Recent high oil prices encourage greater production to exert downward price pressure
Oil prices up over Fed’s lower interest rates
- Price rises come despite 1.3 million-barrel build in US crude inventories
Oil down as Texas refineries curb demand, US stocks rise
- US crude oil inventories are forecast to rise by over 1.03 million barrels, API figures show
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Oil prices up over slow output return in Texas
- Hopes for yet-to-be-approved US stimulus package also boosts oil prices
Oil up as market stabilizes with end to US cold snap
- Hopes over higher US stimulus deal also support oil prices
Brent oil price down 0.56% for week ending Feb. 19
- After oil prices rise due to weather-related supply disruptions in Texas, falling demand in refineries causes price drops
Oil prices down over lack of demand in Texas refineries
- Drop in US crude inventories last week limits further declines, signaling demand uptick in world's largest oil consumer
Brent hits $64 as Texas cold snap hits oil supplies
- OPEC+ output cuts for February and March also impact prices
Oil prices up due to supply disruptions in Texas
- More than 2 million barrels per day of US shale oil curbed due to unprecedented cold weather in US oil-producing state
17.02.2021
Oil
Oil prices up as cold front in Texas halts production
- Rising tensions in Middle East and hopes for wider access to COVID-19 vaccine also support higher oil prices
Oil prices hit 13-month high with demand optimism
- Rising tensions between Saudi Arabia and Yemen along with positive developments on US relief pack also boost oil prices
Brent oil price up 1.5% for week ending Feb. 12
- Prices reached 13-month highs on Tuesday, while entering downward trajectory by midweek due weak demand recovery concerns
Oil price down after low demand forecast from OPEC, IEA
- However, ongoing production cuts from OPEC and non-OPEC limit further declines
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Oil prices down over doubts on vaccine efficacy
- Limiting further declines, US crude oil inventories fall by 6.6 million barrels
Oil prices down over concerns of viability of vaccines
- Easing weak demand fears, US crude oil inventories are forecast to fall by 3.5 million barrels, API figures show
Oil prices up on optimism over oil demand recovery
- Oil prices jump back to pre-pandemic levels at over $61 a barrel
Brent hits $60 with less oil supply, US relief deal
- Concerns over weak demand still continue to weigh on prices amid new virus variants spreading around world
Brent oil price up 7.4% for week ending Feb. 5
- Decline in US crude oil inventories and first-time claims for unemployment benefits offer support for rising oil prices
Oil prices up over output cuts, positive economic data
- Americans filing first-time unemployment claims fell by more than expected, signaling rebound in US labor market
Brent hits 12-month high on OPEC’s full output cut vow
- US crude inventories also reach lowest level since March of last year, signaling rebound in oil demand
Oil prices up buoyed by decline in US crude inventories
- Commercial crude oil stocks decrease by 1 million barrels against market expectation of 367,000-barrel fall
Brent oil up boosted by Saudi’s output cut from Feb.
- Easing weak demand fears, US crude oil inventories are forecast to fall by 4.27 million barrels, API figures show