Oil prices hold steady ahead of OPEC meeting and data-packed week.

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• Oil Prices Decline on US Inventory Shock
  Oil prices declined in Asian trading on Thursday, continuing their slide following a larger-than-anticipated increase in U.S. inventories, which signaled ample supply in the market. Additionally, signs of a potential recession in Japan raised worries about weakening demand.
• Oil Prices Dip on Strong Dollar, U.S. Inventory Build, and Election Uncertainty
  Oil prices edged lower by over 1% on Wednesday, influenced by a stronger U.S. dollar, higher-than-anticipated U.S. crude stockpiles, and pre-election market tension in the United States.
• Oil prices drop on China concerns, stronger dollar
  Oil prices fell 1% due to China’s economic worries and a stronger dollar, after weeks of gains from OPEC+ supply cuts.
• Oil Prices Edge Higher Amid Kazakhstan Supply Disruption, Long-Term Gains Remain Uncertain
  Brent crude prices saw a modest increase on Tuesday, continuing the upward momentum from the previous session following a drone strike on an oil pipeline pumping station in Russia. This incident led to reduced crude flows from Kazakhstan, contributing to short-term price support. However, the potential for increased supply in the near future limited further gains.
• Oil Prices Edge Higher with Iran in Focus After Helicopter Crash
  Oil prices experienced a slight increase in Asian trade on Monday as traders awaited more information regarding rescue efforts for Iran’s President following a helicopter crash.
• Oil Prices Fall Amid Demand Worries, Focus Turns to Federal Reserve Meeting
  Oil prices dipped on Tuesday, as concerns about demand were reignited by weak economic data from China. Investors were also staying cautious ahead of the U.S. Federal Reserve’s upcoming interest rate decision.
• Oil prices fall on US oil hoarding and Chinese demand concerns
  Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States were met with concerns about a lack of energy demand from China.
• Oil prices fluctuate amid economic uncertainties and concerns in the Red Sea region 
  Oil prices experienced a mixed performance on Tuesday, following previous session losses, with broader economic worries taking precedence over ongoing tensions in the Middle East, leading to additional diversions of tankers.
• Oil prices have increased as inflation in the United States has cooled down
  On Wednesday, oil benchmark Brent futures surpassed $80 per barrel, reaching this level for the first time since May. The surge in oil prices came as U.S. inflation data indicated that the cycle of interest rate hikes in the world’s largest economy is expected to slow down.
• Oil prices held steady as investors kept an eye on Middle East talks and upcoming central bank meetings
  Oil stabilized on Tuesday following a decline the day before, with hopes for a ceasefire emerging from Israel-Hamas talks amid ongoing Red Sea attacks. Investors also remained cautious ahead of a crucial U.S. interest rates meeting scheduled for Wednesday.
• Oil Prices Hold Steady Ahead of U.S. Inventory Data and Middle East Developments
  Oil prices remained largely unchanged on Thursday as investors awaited key U.S. oil inventory data and developments in the ongoing conflict in the Middle East. Additionally, market participants were looking for more clarity on China’s economic stimulus measures.
• Oil Prices Hold Steady as OPEC+ Decision and Geopolitical Tensions Loom
  Oil prices remained largely unchanged on Wednesday, with markets anticipating an OPEC+ decision on extending supply cuts and keeping a close eye on escalating geopolitical tensions. Brent crude futures rose by 5 cents, or 0.07%, to $73.67 per barrel by 1214 GMT, while U.S. West Texas Intermediate (WTI) crude fell slightly by 4 cents, or 0.06%, to $69.90 per barrel.
• Oil Prices Hold Steady, Eyes on U.S. Consumer Price Data
  Oil prices showed little movement on Tuesday following gains in the previous session, supported by expectations of increased summer fuel demand, while market focus turned to upcoming U.S. consumer price data.
• Oil Prices Inch Higher as Market Assesses Trump’s Trade Tariffs
  Oil prices saw a slight uptick on Thursday following a sharp hike in Saudi Arabia’s crude prices for March, though the gains barely offset the steep decline from the previous session.
• Oil Prices Inch Up Amid Middle East Focus
  Oil prices saw a slight increase on Tuesday amid ongoing uncertainty surrounding conflicts in the Middle East. However, gains were limited by apprehensions that central banks might maintain higher interest rates for an extended period to combat inflation, which could potentially dampen energy demand.
• Oil prices inch up as CPI data looms, OPEC report on the horizon
  Oil prices edged up in Asian trade on Tuesday amid cautious market sentiment ahead of key U.S. inflation data, which is likely to influence interest rates. Additionally, attention was on the upcoming monthly report from OPEC.
• Oil prices poised to finish the week approximately 4% higher
  Oil prices slipped slightly on Friday but remained on course to register a nearly 4% gain for the week. This was supported by the International Energy Agency’s upward revision of its 2024 oil demand forecasts and an unexpected decrease in U.S. stockpiles.
• Oil Prices Rebound After Sharp Drop Amid U.S. Inventory Decline and Hurricane Concerns
  Oil prices rose by more than 1% on Wednesday, recovering from previous losses driven by concerns about weakening global demand. A significant decline in U.S. crude inventories and potential supply disruptions due to Hurricane Francine helped bolster the market.
• Oil Prices Recover Slightly Amid U.S. Strategic Reserve Plans
  Oil prices saw a modest uptick on Tuesday, recovering from a sharp 6% decline the previous day. This increase was primarily influenced by a U.S. initiative to procure oil for the Strategic Petroleum Reserve (SPR), although concerns regarding future demand growth continued to loom over the market.
• Oil Prices Remain Near 2-Week Lows on Demand Worries
  Oil prices hovered near their lowest in two weeks on Wednesday, as weak demand projections and concerns about a global economic slowdown continued to weigh on market sentiment. This cautious outlook followed OPEC’s recent downgrade of global oil demand forecasts for both 2024 and 2025, coupled with signs of economic strain in China.