Oil prices climb due to a weaker dollar and expectations for OPEC+ output cuts

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• Oil on track for fifth week of growth
  Oil prices are steady on Friday, but are poised for a fifth straight week of gains as investors are optimistic that healthy demand and reduced supply will keep prices high.
• Oil poised for weekly increases following Israel’s rejection of ceasefire proposal.
  Oil prices remained stable on Friday, maintaining their trajectory for weekly gains, as tensions lingered in the Middle East following Israel’s rejection of a ceasefire proposal from Hamas.
• Oil Poised to End Two-Week Slump as Supplies Tighten
  Oil prices were on the verge of ending a two-week losing streak, rising for a fourth consecutive session on Friday. This was attributed to tightening supplies and the anticipation that the OPEC+ coalition of oil producers would prolong output cuts until the end of the year.
• Oil price hovers above $90 as market awaits Fed and ECB outlook data
  Brent crude oil futures contracts held above $90 a barrel during Tuesday’s session, with investors awaiting macroeconomic data that could hint at whether there will be further interest rate hikes in the US and Europe.
• Oil price returns above key support
  Ropa prudko zareagovala na správu, že OPEC + sa bude držať svojho plánu produkcie. Vo vyhlásení sa však uvádza, že v prípade ďalších veľkých zmien na trhu môže OPEC + zvážiť zmenu svojej politiky dodávok. To viedlo k výraznému zotaveniu. Cena sa odrazila od približne 63,00 USD a momentálne sa obchoduje nad úrovňou 65,00 USD. Za zmienku stojí, že úroveň 64,75 USD označuje spodnú hranicu 24% korekcie, podobnej tej z minulého roka.Okrem toho Novavax oznamuje, že už pracuje na novej vakcíne proti koronavírusu Omicron, ktorá by mala byť potenciálne dostupná v januári.
• Oil Prices Approach 3-Week Highs Amid Middle East Tensions, Chinese Demand
  Oil prices held steady on Tuesday, lingering near three-week highs amid heightened tensions in the Middle East and a resurgence in demand from China.
• Oil prices climb amid supply concerns amid Russian political turmoil
  Oil prices climbed on Monday due to concerns about potential supply disruptions following a revolt by Russian mercenaries over the weekend, which has raised worries about political instability in Russia, a major global oil producer.
• Oil prices climb as markets await OPEC+ decision amidst mixed demand drivers
  Oil prices edged higher on Friday and were on track to close the week with slight gains as markets anticipated an OPEC+ decision on supply agreements for the second quarter. Mixed demand indicators from major consumers like the U.S. and China added to the uncertainty.
• Oil Prices Climb as US Crude Inventories Decline and China Imports Rise
  Oil prices increased on Thursday due to declining U.S. crude inventories, boosted by higher refinery intake and an uptick in Chinese imports, signaling increased demand expectations from the world’s top two crude-consuming countries.
• Oil prices climb as U.S. crude stockpiles rise less than anticipated
  Oil prices climbed for the third consecutive day on Wednesday, buoyed by industry data indicating a smaller-than-expected increase in U.S. crude inventories. Additionally, a downward revision in the forecast for output growth in the United States, the world’s largest producer, alleviated concerns regarding potential oversupply.
• Oil Prices Climb on Decline in US Inventories; Attention Shifts to CPI Inflation
  Oil prices inched up during Asian trading on Wednesday following reports of a decline in U.S. inventories, which bolstered expectations of tighter supply. However, gains were tempered by the anticipation of important inflation data.
• Oil Prices Decline Amidst Risk Aversion at the Start of Q4; Attention Turns to OPEC
  Every market, including the oil market, is influenced by a complex web of factors, and it doesn’t exist in isolation.
• Oil prices decline as worries diminish regarding supply risks in the Middle East
  Oil prices slightly declined on Tuesday as worries about supply disruptions eased and the rapidly escalating conflict following Iran’s weekend assault on Israel tempered concerns. This came despite data revealing that China’s economy expanded more quickly than anticipated in the initial quarter.
• 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 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.