Oil falls more than 3% on softening demand, oversupply concerns

Dec 12, 2023 · NEW YORK (Reuters) -Oil prices fell more than 3% on Tuesday to their lowest level in six months on concerns of oversupply and after U.S. economic data showed an …

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Oil Falls More Than 3% On Softening Demand, Oversupply Concerns

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Dec 12, 2023 · NEW YORK (Reuters) -Oil prices fell more than 3% on Tuesday to their lowest level in six months on concerns of oversupply and after U.S. economic data showed an …

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Oil Falls More Than 3% On Softening Demand, Oversupply Concerns

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Dec 13, 2023 · OIL prices fell more than 3 per cent on Tuesday to their lowest level in six months on concern about oversupply and after US economic data showed an unexpected rise in …

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Oil Falls More Than 3% On Softening Demand - Inquirer.net

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Dec 13, 2023 · NEW YORK -Oil prices fell more than 3 percent on Tuesday to their lowest level in six months on concerns of oversupply and after U.S. economic data showed an unexpected …

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Oil Falls Over 3% On Softening Demand, Oversupply Concerns

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Dec 13, 2023 · Oil prices fell more than 3% on Tuesday to their lowest level in six months on concerns of oversupply and after US economic data showed an unexpected rise in consumer …

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Oil Falls More Than 3% On Softening Demand, Oversupply Concerns

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By Nicole Jao NEW YORK (Reuters) -Oil prices fell more than 3% on Tuesday to their lowest level in six months on concerns of oversupply and after U.S. Close. Close Search. Submit. …

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Oil Falls More Than 3% As Concerns About Mideast Supply Ease

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Oct 30, 2023 · Oil falls more than 3% as concerns about Mideast supply ease. ... it expected global oil prices to average $90 a barrel in the fourth quarter and $81 in 2023 as slowing …

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Oil Falls More Than 3% On Softening Demand, Oversupply Concerns

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Dec 12, 2023 · By Nicole Jao NEW YORK (Reuters) -Oil prices fell more than 3% on Tuesday to their lowest level in six months on concerns of oversupply and after U.S. economic data …

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Oil Falls More Than 3% On Softening Demand, Oversupply Concerns

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NEW YORK: Oil prices fell more than 3% on Tuesday (Dec 12) to their lowest level in six months on concern about oversupply and after US economic data showed an unexpected rise in …

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Oil Falls More Than 3% On Softening Demand, Oversupply Concerns

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By Nicole Jao NEW YORK (Reuters) -Oil prices fell more than 3% on Tuesday to their lowest level in six months on concern about oversupply and after U.S. economic data showed an …

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Oil Falls More Than 3% On Softening Demand, Oversupply Concerns

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Dec 12, 2023 · NEW YORK (Reuters) -Oil prices fell more than 3% on Tuesday to their lowest level in six months on concerns of oversupply and after U.S. economic data showed an …

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Oil Falls More Than 3% On Softening Demand, Oversupply Concerns

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Dec 12, 2023 · Shafaq News/ Oil prices fell more than 3% on Tuesday to their lowest level in six months on concern about oversupply and after U.S. economic data showed an unexpected …

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Oil Falls More Than 3% On Softening Demand, Oversupply Concerns

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Dec 12, 2023 · Oil prices fell more than 3% on Tuesday to their lowest level in six months on concerns of oversupply and after U.S. economic data showed an unexpected rise in consumer …

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Why did oil prices fall 3%?

REUTERS/Dado Ruvic//File Photo Purchase Licensing Rights NEW YORK, Dec 12 (Reuters) - Oil prices fell more than 3% on Tuesday to their lowest level in six months on concerns of oversupply and after U.S. economic data showed an unexpected rise in consumer prices. Brent crude futures for February settled down $2.79, or 3.7%, to $73.24 a barrel. ...

Why did oil prices settle lower Wednesday?

Investing.com -- Oil prices settled lower Wednesday, as a softer demand outlook continued to weigh on sentiment. At 2:30 p.m. ET (19:30 GMT), Brent oil futures fell 0.2% to $73.41 a barrel, while West Texas Intermediate crude futures fell 0.4% to $70.02 a barrel. Oversupply concerns persists ...

Will oil prices fall sharply in 2025?

Oil prices to fall sharply in 2025- BofA Concerns about a supply surplus continued to draw bearish calls on oil prices, with analysts at Bank of America forecasting a more than 10% drop in oil prices next year. A rise in non-OPEC supply and sluggish global growth are at the heart of the analysts' bearish outlook, which calls for a surplus in 2025. ...

What's happening with oil futures?

At 2:30 p.m. ET (19:30 GMT), Brent oil futures fell 0.2% to $73.41 a barrel, while West Texas Intermediate crude futures fell 0.4% to $70.02 a barrel. Oversupply concerns persists The International Energy Agency forecast global oil supply to increase by 630,000 bpd this year and 1.9 million bpd in 2025, reaching 104.8 million bpd. ...

Why did oil prices Hold Steady On Tuesday?

SINGAPORE (Reuters) - Oil prices held steady on Tuesday ahead of key interest rate policy and inflation data announcements, and amid doubts that production cuts by OPEC+ next year would offset crude oversupply and weaker fuel demand growth. ...

Why is global oil demand slowing?

Growth in the world’s demand for oil is expected to slow in the coming years as energy transitions advance. At the same time, global oil production is set to ramp up, easing market strains and pushing spare capacity towards levels unseen outside of the Covid crisis, according to the IEA’s new oil market outlook. ...