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Oil prices steady but set for weekly gain on supply cut optimism

Oil prices were steady on Friday but are set for their first weekly gain in six weeks on the assumption major producers will implement deeper output cuts to offset slowing demand in China, the world's second-largest crude user......»»

Category: topSource: reutersFeb 13th, 2020

Oil prices stabilize, set for weekly gain on hopes for supply cut

Oil prices were steady on Friday, but set for their first weekly gain in six weeks on the assumption that major producers will implement deeper output cuts to offset slowing demand in China caused by the coronavirus epidemic......»»

Category: topSource: reutersFeb 14th, 2020

Futures Movers: Oil prices climb, head for roughly 10% weekly gain on optimism over global demand

Oil futures on Friday headed higher for the day and week as the industry drew optimism from the outcome of a Thursday meeting of OPEC members and allies about adherence to a global production cut pact......»»

Category: topSource: marketwatchJun 19th, 2020

Oil prices steady, on course for weekly gain

Oil prices edged up Friday and held on track for their first weekly gain since early January, backed by expectations that major producers will implement deeper output cuts to offset slowing demand in China caused by the coronavirus epidemic......»»

Category: topSource: reutersFeb 14th, 2020

Oil rises to 3-month high on supply and trade optimism

Oil advanced in light trading, with prices set for the biggest monthly gain in almost a year on speculation that supplies are shrinking......»»

Category: topSource: moneycentralDec 26th, 2019

Oil prices steady, heads for strong weekly gain

Oil prices were steady on Friday but .....»»

Category: topSource: reutersOct 25th, 2019

Futures Movers: Oil prices make modest moves, on track for a weekly gain

Oil futures make modest moves Friday, seesawing between modest gains and losses, as concerns over a slowdown in energy demand persist, but renewed supply concerns keep prices on track for a weekly gain......»»

Category: topSource: marketwatchOct 25th, 2019

Oil prices steady, on track for large weekly gain

Oil prices steadied on Friday and were on track for strong weekly gains as support from a surprise draw in U.S. inventories and possible action from OPEC and its allies to extend output cuts outweighed broader economic concerns......»»

Category: topSource: reutersOct 25th, 2019

Oil heads for weekly gain of more than 7% after Saudi attacks

Oil prices rose about 1% on Friday, with Brent set for its biggest weekly gain since January, lifted by rising Middle East tensions and supply concerns after an attack on Saudi Arabia's energy industry last weekend......»»

Category: topSource: reutersSep 20th, 2019

Oil heads for 7% weekly gain after Saudi attacks

Oil prices were on track for their biggest weekly jump since January, lifted by rising Middle East tensions after a key Saudi Arabian supply hub was knocked out by an attack last weekend......»»

Category: topSource: reutersSep 20th, 2019

Futures Movers: Oil prices post a gain as EIA reports biggest U.S. crude supply decline in 5 weeks

Oil futures post a gain on Wednesday after U.S. government data reported a weekly drop in U.S. crude supplies—the largest in five weeks—along with declines in petroleum products, which helped to ease concerns surrounding a slowdown in demand......»»

Category: topSource: marketwatchAug 28th, 2019

Oil prices steady; set for weekly gain ahead of G20 talks, OPEC

Oil prices were little changed on Friday and were on track for a second straight week of gains, ahead of talks over the trade dispute between the U.S. and Chinese presidents this weekend and on production cuts from OPEC on Monday......»»

Category: topSource: reutersJun 28th, 2019

Oil prices steady, set for weekly gain ahead of G20 talks, OPEC

Oil prices were steady on Friday and on track for a second straight week of gains, ahead of talks over the trade dispute between the U.S. and Chinese presidents this weekend and on production cuts from OPEC on Monday......»»

Category: topSource: reutersJun 28th, 2019

Oil set for weekly gain on threat of Mideast supply disruptions

Oil prices steadied on Friday, with both benchmarks on track for a weekly gain on rising concerns over potential further supply disruptions in Middle East shipments due to U.S.-Iran political tensions......»»

Category: topSource: reutersMay 17th, 2019

Futures Movers: Oil heads for a more than 2% weekly gain with OPEC committee set to meet

Oil futures are mixed Friday, with U.S. prices up a fourth straight session, on track for a weekly gain of more than 2%, as any potential demand worries tied to stock-market volatility were offset by supply concerns linked to Middle East tensions......»»

Category: topSource: marketwatchMay 17th, 2019

Oil steady as Middle East tensions mounts, set for weekly gains

Oil prices were steady on Friday, giving up earlier gains, and were on track for the first weekly increases this month, as rising tensions in the Middle East stoked fears of supply disruptions......»»

Category: topSource: reutersMay 17th, 2019

Oil prices fall, but on track for weekly gain

Oil prices fell on Friday, with Brent slipping away from the $70 mark after briefly rising above that level in the previous session, hurt by supply concerns and worries about progress in U.S.-China trade talks......»»

Category: topSource: reutersApr 5th, 2019

Oil set for weekly gain on supply cuts, strong demand

LONDON (Reuters) - Oil prices were set for a second consecutive week of gains on Friday, buoyed by tightening supplies and continued support from OPEC and its allies on supply cuts......»»

Category: topSource: reutersApr 20th, 2018

Futures Movers: Oil prices rise on optimism ahead of U.S. supply data

Front and center for traders Wednesday will be the release of weekly petroleum supply data from the Energy Information Administration......»»

Category: topSource: marketwatchApr 18th, 2018

Futures Movers: Oil on track for weekly gain as concerns about Iran, Venezuela supply persist

Oil prices make modest moves on Friday, but stay on track to notch a weekly gain as concerns about crude supply from Iran and Venezuela persist......»»

Category: topSource: marketwatchJun 8th, 2018

Futures Movers: Oil marks a fourth climb, with U.S. prices tallying a year-to-date gain of more than 20%

Oil ends higher for a fourth straight session on Friday, booking strong weekly, monthly, quarterly and first-half of the year gains as long-running efforts by OPEC, anticipated increases in demand and supply disruptions combined to thrust prices higher......»»

Category: topSource: marketwatchJun 29th, 2018