Oil Rises Amid Supply Worries Despite Weak Chinese Data

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• Oil Prices Steady Amid Falling US Inventories and China Concerns
  Oil prices remained stable on Wednesday, balancing between a decline in U.S. oil stockpiles and signs of weakening demand in China. This stability comes a day after Brent crude hit a one-month low.
• Oil prices steady post U.S. inventory increase; awaiting CPI data
  Oil prices remained stable in Asian markets on Thursday following an unforeseen increase in U.S. inventory levels. Additionally, traders exhibited caution ahead of the release of crucial U.S. inflation data.
• Oil Prices Struggle Near Three-Month Lows Amid Mounting Demand Worries.
  On Wednesday, oil prices faced challenges, having dropped to their lowest point in more than three months during the previous session. The decline was influenced by worries surrounding reduced demand in major oil-consuming nations, particularly the United States and China.
• Oil Prices Surge Amid Reports of Possible OPEC+ Production Delay
  Oil prices saw a notable increase of over 2% on Wednesday, fueled by reports that OPEC+ might postpone a planned output increase set for December. This decision comes in light of concerns regarding softening demand and rising supply levels.
• Oil prices surged as tensions escalated in the Middle East
  Oil prices rose on Monday following a drone attack on U.S. forces in Jordan, intensifying concerns about supply disruptions in the Middle East. Houthi rebels also increased their attacks on vessels in the Red Sea, targeting a fuel tanker operated by Trafigura.
• Oil Rally Pauses as Market Awaits Israel’s Response to Iranian Attacks
  The recent surge in oil prices took a breather on Tuesday as the market closely monitored Israel’s potential retaliation following last week’s rocket attacks from Iran. Concerns over a broader Middle East conflict had initially driven oil prices higher, with both Brent and U.S. West Texas Intermediate (WTI) crude reaching their highest levels since late August.
• Oil retreats amid strong EU data and lingering Mideast tensions
  Oil prices experienced a decline on Tuesday, relinquishing gains sparked by robust economic data from Europe. This retreat came as market participants contemplated the possible implications of renewed U.S. sanctions targeting Iran’s oil exports.
• Oil rises after OPEC+ maintains output curbs, but uncertain demand curbs gains
  On Thursday, oil prices saw a slight increase, recovering a portion of the significant losses from the previous session. This came as an OPEC+ panel decided to uphold oil output reductions in order to maintain a constrained supply. However, gains were limited due to uncertainty surrounding the demand outlook.
• Oil Rises After Supply Disruptions in Iran and Russia
  Oil prices rose in early Asian trading Thursday, trying to end a 3-day losing spree amid supply disruptions in Iran and Russia, though fears of weakening economic growth and demand kept sentiment weak.
• Oil rises after US officials reach a debt agreement
  Oil prices rose on Monday after US leaders reached a tentative agreement on the debt ceiling. It could avert a default by the world’s biggest economy and oil consumer, even as fears of further interest rate rises curbed gains.
• Oil rises as hawkish Fed talk offsets China demand worries.
  Oil prices bounced back on Wednesday, reversing the losses from the previous two sessions. The rebound was driven by the anticipation of hawkish comments from the Federal Reserve later in the day and the potential drawdown of U.S. crude inventories, which outweighed concerns about Chinese demand.
• Oil rises as China takes steps to support its economy
  Oil prices edged up on Monday as China implemented measures to boost its slowing economy. However, concerns about the growth rate and potential U.S. interest rate increases, which might impact fuel demand, still linger among investors.
• Oil rises as market awaits Fed rate outlook
  On Wednesday, oil prices experienced a slight upward movement while investors eagerly anticipated the results of the U.S. Federal Reserve’s June meeting. Additionally, they were keeping a close eye on important economic data from China and the latest government reports concerning U.S. crude stockpiles.
• Oil Rises on Houthi Ship Attack, Market Pessimism Prevails
  Oil prices climbed on Tuesday following an attack by the Iran-aligned Houthis on a chemical tanker, heightening geopolitical tensions in the Middle East. However, concerns about oversupply and sluggish demand tempered the price gains.
• Oil Rises on Middle East Conflict Fears, But Ample Supply Limits Gains
  Oil prices climbed on Thursday as escalating tensions in the Middle East, particularly the conflict between Israel and Hezbollah, raised concerns about potential disruptions to crude flows from the region. However, gains were capped by the expectation of ample global supply.
• Oil rises on upbeat demand and positive OPEC report
  On Tuesday, oil prices climbed, buoyed by optimistic market fundamentals as highlighted in an OPEC report affirming robust demand. Additionally, concerns about potential supply disruptions intensified due to U.S. considerations regarding restrictions on Russian oil exports.
• Oil rises on US stock draws, rate hike fears linger
  On Wednesday, oil prices inched up following the release of industry data that revealed a larger-than-anticipated decrease in U.S. inventories. This indicated strong demand from the world’s leading oil consumer. However, concerns about potential interest rate increases restrained the extent of the gains.
• Oil rises thanks to debt ceiling development and positive data from China
  Oil prices rose during Asian trading on Thursday, rebounding from a near-month low, while investors were enthusiastic about progress towards averting a U.S. default and signs of life in Chinese industry also brewed some optimism about a recovery in the country’s demand.
• Oil Rises 1% as Saudi Arabia and Russia Maintain Output Cuts
  Oil prices surged on Monday following the reiteration of additional voluntary oil supply cuts by major exporters Saudi Arabia and Russia, slated to continue until the end of the year.
• Oil Rises 1% Following Fed’s Decision to Maintain Unchanged Rates
  Oil rebounded 1% on Thursday, ending a three-day slide, driven by restored market confidence following the decision by the US Federal Reserve to maintain its benchmark interest rates.