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Shanghai Covid: Oil prices fall after city starts lockdown

March 29, 2022 9:28 am Add a Comment

Global oil prices have fallen as China starts to implement a city-wide lockdown in Shanghai, an important financial and manufacturing hub. Brent crude lost more than $4.50 a barrel on concerns that the move would mean that demand for oil … Read more →

Oil prices fall as strengthening dollar impacts commodities

March 1, 2021 12:19 pm Add a Comment

Oil fell the most since November with a stronger dollar and concerns surrounding inflation weighing on crude’s best start to the year on record. Futures in New York declined 3.2% on Friday, with a rising dollar reducing the appeal of … Read more →

Oil prices touch multi-month highs as OPEC+ expected to cap output

January 4, 2021 11:51 am Add a Comment

Oil prices touched multi-month highs on Monday on expectations that OPEC and allied producers may cap output at current levels in February as the coronavirus pandemic keeps worries about first-half demand elevated. Prices rose in line with broader financial markets … Read more →

Oil prices dip on wilting hopes for U.S.-China trade deal

October 10, 2019 8:17 am Add a Comment

Oil prices eased on Thursday on the expectations that the resumption of U.S.-China talks will not end the trade war between the world’s two largest oil consumers, exacerbating anxiety over the global economy and fuel demand. China, the world’s biggest … Read more →