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Oil up over 1% from rising demand for week ending Oct. 15
- Although US crude oil stocks record surprise build, oil prices continue upward movement amid global energy crisis
Oil up as industries continue favoring cheaper oil for power generation
- Unexpected rise in US crude oil stocks was not enough to cool down upswing in oil prices
IEA 2021/2022 oil demand forecast up from global switch to oil from coal, gas
- Supply crunch is impacting power generation plants, fertilizer producers, manufacturing operations and refineries, says IEA
Oil prices up as declining US fuel stocks signal rising demand
- Crude demand and prices rise as power generators switch from natural gas to oil
OPEC revises down 2021 global oil demand, keeps it unchanged for 2022
- Crude output rises mainly in Nigeria, Saudi Arabia, but decreases in Venezuela, Libya, says OPEC
Oil prices down as rising commodity prices boost inflation concerns
- Strong dollar which renders dollar-indexed crude oil more expensive for buyers also discourages investors
Oil prices mixed as supply-induced uncertainties continue
- Faster oil demand recovery, supply lagging behind demand, and energy crisis from supply chain disruptions push energy prices up
Oil prices up over supply worries coupled with growing demand
- Soaring coal and gas prices make oil an attractive, cheaper alternative for power generation
WTI crude oil climbs over $80 a barrel first time since 2014
- Amid global energy price crisis, US WTI crude oil hits record high level after US shelves sales from strategic reserve
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Oil up more than 5% in week ending Oct. 8 amid ongoing natural gas crisis
- OPEC+ decision to hold supply at current level, natural gas price hikes forcing producers to prefer relatively cheaper oil are among few factors that pushe oil prices up this week
Oil resumes gains over rising demand, shelving of US oil reserve sale
- US has world's largest strategic reserves of approximately 714 million barrels stored in huge underground salt caverns at four sites
Oil declines from multi-year-highs over build of US crude stocks
- Commercial crude oil stocks in US increase by 2.3 million barrels, higher than market expectation of 300,000-barrel rise
Oil continues climbing with WTI at 7-year-high due to supply concerns
- US crude oil inventories are forecast to rise by over 951,000 barrels, American Petroleum Institute figures show
Oil prices at record high after OPEC+ maintains previously agreed output levels
- Group decides to pump 400,000 bpd in November, ignoring calls to ramp up the production amid rising demand
High oil prices threaten already-fragile global energy markets
-Knock-on effect continues after soaring prices, induced by low supply, hit energy markets just as industries start recovering from effects of last year's demand shortfall
Euro area inflation in September at 13-year high of 3.4%
- Energy shows highest annual increase with 17.4% last month, according to Eurostat
Oil down amid supply concerns in week ending Oct. 1
- Rising gas supply fears, strong dollar, surprise US crude oil stocks are among few factors that affected oil prices this week
Oil down over supply concerns, strong dollar
- Surprise build in US commercial crude inventories also weighes on prices
Oil prices volatile as US crude stocks rise, energy crisis continue
- US commercial crude inventories rise by 1.1% for week ending Sept. 24, against expected fall of 2.3 million barrels per day
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Oil down over demand worries as US stocks rise
- US crude oil inventories are forecast to rise by over 4.12 million barrels, American Petroleum Institute figures show
Oil prices up over supply disruptions, gas price rally
- Both benchmarks show rises since late August when storm Ida hit US Gulf of Mexico, causing supply disruptions
Oil up over improving global demand outlook
-Brent hit highest level since October 2018 at $78.64 a barrel early Monday
Oil up over 3% amid tight supply, large US stockpile draw in w/e Sept. 24
- However China's first public sale of state reserves on Friday limits price gains
Oil up over ongoing tight US supply, China's crude sales from reserves
- China's first sale from its strategic reserves totals 4.43 million barrels
Oil up over more-than-expected fall in US crude supplies
- US commercial crude oil inventories drop by 3.5 million barrels, while expectation was 2.4 million-barrel draw
Oil up over estimated fall in US crude stocks, tight supply
- American Petroleum Institute forecasts larger-than expected drop of 6.11 million barrels in US stockpiles
Oil up on ongoing US supply disruptions ahead of stockpile projection data
- Shell reports significant structural damage in its offshore facilities at hurricane-hit Gulf of Mexico
Oil down on back of rising dollar and increase in US rigs
- Oil & gas production in US Gulf of Mexico, which has not normalized after Hurricane Ida, is limiting further price declines