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OPEC’s Surprise Output Hike Offers Biden Break on Gas Prices
Bloomberg via Yahoo News· 4 days ago(Bloomberg) -- US President Joe Biden may have just received a timely election boost from an...
Biden Seeks Six Million More Barrels for Reserve as Prices Drop
Bloomberg via Yahoo News· 19 hours ago(Bloomberg) -- The Biden administration is buying six million more barrels for the nation’s oil...
Oil Posts Weekly Loss as OPEC+ Plan Propels Algorithmic Selloff
Bloomberg via Yahoo Finance· 17 hours ago(Bloomberg) -- Oil posted a weekly decline as algorithmic traders accelerated selling pressure after...
Oil Climbs as Traders Eye Price Floor Despite US Stockpile Gain
Bloomberg via Yahoo Finance· 3 days ago(Bloomberg) -- Oil advanced from a four-month low as traders tried to establish a price floor after...
Oil Algorithmic Traders Amplify Crude Price Rout After OPEC’s Surprise
Bloomberg via Yahoo Finance· 4 days ago(Bloomberg) -- Oil traders that rely on trend-following algorithms compounded a selloff in crude...
Oil Swings After OPEC+ Signals Plan to Return Barrels to Market
Bloomberg· 6 days agoOil tumbled after OPEC+ unexpectedly rolled out a plan to restore some production to the market this...
Oil Price Outlook More Bullish Than Selloff Suggests: Fund Manager
Oilprice.com via Yahoo Finance· 1 day agoPortfolio manager Eric Nuttall argues that the recent oil selloff is unjustified and that the price outlook is more bullish than many believe due to a misunderstanding of OPEC+ plans.
Russia Oil Revenue Rose 50% in May as Nation Adapts to Sanctions
Bloomberg via Yahoo Finance· 3 days ago(Bloomberg) -- Russia’s oil proceeds to the state budget increased almost 50% in May from a year...
Oil Prices Set for Third Weekly Loss in a Row
Oilprice.com via Yahoo Finance· 1 day agoOPEC+'s potential supply increases have sent oil prices tumbling, with experts divided on the impact and central banks' rate decisions adding to market uncertainty.
Aramco Cut Oil Prices to Asia for July Amid Demand Concerns
Bloomberg via Yahoo Finance· 3 days ago(Bloomberg) -- Saudi Aramco lowered prices for all of its oil to Asia next month, the first...