Oil futures dipped slightly on Thursday, with trader expectations of further interest rate hikes countered by potentially bullish U.S. oil inventory data after preliminary figures showed a fall in stocks.
Brent futures eased by 47 cents, or 0.6%, to $76.65 a barrel at 0840 GMT and U.S. West Texas Intermediate crude futures were down 44 cents, or 0.6%, at $72.09.
The benchmarks had firmed in the previous session as U.S. corn and soybean prices raced to multi-month highs, raising expectations that crop shortfalls could lower biofuels blending and increase oil demand. However, the market was cautious after Fed Chair Jerome Powell said two more interest rate hikes of 25 basis points each by the end of the year was "
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Oil demand for transportation projected to peak in 2025, hastening arrival of 'peak oil'The International Energy Agency is forecasting that the transportation sector, the oil industry's largest market, will begin shrinking its demand for gasoline in just three years due to climate change policy and the rise of electric vehicles.
Lire la suite »
Oil steady after surprise dip in U.S. crude stocks offsets demand fearsOil prices held on to previous day's gains in early trade Thursday as markets weighed a draw in U.S. crude oil stocks against the prospect of weaker demand.
Lire la suite »
Will There Be a Captive Audience as the HISD Board Finalizes Its Budget This Thursday?According to the Urban Dictionary, the old philosophical exercise — 'If a tree falls in a forest and no one is around to hear it, does it make a sound' — should best be understood as: 'the ineffectiveness of unheard opinions or thoughts.' The new Board of Managers and Houston...
Lire la suite »
TMZ Investigates: The Miracle Children of the Amazon, Thursday Night on FoxTMZ has a new documentary probing the miracle in the Amazon that unfolded 2 weeks ago ... when 4 children survived a plane crash and fended for themselves for 40 terrifying days.
Lire la suite »
2023 Oak Cliff Film Festival begins Thursday, featuring North Texas connectionsThe Oak Cliff Film Festival returns for its 12th edition Thursday with 26 feature films and 35 shorts. It will take place at seven area venues, including the...
Lire la suite »
George Santos bail backers will be revealed Thursday, judge ordersThe identities of the people who guaranteed Rep. George Santos' $500,000 bond in his criminal fraud case will be revealed Thursday, a federal judge ordered.
Lire la suite »