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Oil prices have slumped all year, and the industry has been hesitant to get onboard with "drill baby drill." One exec see prices nearing a dangerous level.
Oil prices rose on Thursday, even as global trade tensions appeared to cool, with analysts pointing to low inventories and renewed Middle East risks as factors supporting the market.
Oil prices rose early Thursday as falling U.S. inventories and Middle East tensions tightened markets despite trade-related volatility.
Crude oil futures fell for the third straight session, dragged down by higher inventory levels of U.S. fuels and concerns about the wider economic impact of looming US tariffs.
India has the scope to cut fuel prices if crude oil prices stay at current levels for the next two to three months, Oil Minister Hardeep Singh Puri said on Thursday.
Goldman Sachs forecasts a decline in US crude oil output, citing the maturing Permian Basin and the impact of lower oil prices.
See how rising oil prices, driven by economic forces, OPEC+ moves, and inflation, could impact markets and why Enbridge Inc. may benefit. Click for our ENB update.
Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world's two largest oil users, amid an improving economic outlook. Brent crude futures rose 29 cents, or 0.42%,
Singapore:Oil prices rose on Wednesday, boosted by expectations of firm summer demand in the world s two largest consumers, the United States and
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