Oil Rises on Israeli Strikes in Qatar
Oil edged higher after Israel launched its first strike in Doha targeting Hamas leadership.
Oil edged higher after Israel launched its first strike in Doha targeting Hamas leadership.
'Another technical retest of $3.20 per million British thermal units may be coming this morning', Eli Rubin, an energy analyst at EBW Analytics Group, said.
Oil futures steadied as OPEC+ approved a modest production hike while Saudi Arabia cut prices to Asia.
The ceremony will take place on March 5 in Aberdeen.
'Brent's outperformance relative to our forecast is largely due to the lopsided build in global inventories', J.P. Morgan analysts said.
This adjustment will be implemented in October 2025, a statement posted on OPEC's website said.
WTI settled below $62, down 14% this year as global supply growth and weak US jobs data weigh on demand outlook.
India's Finance Minister Nirmala Sitharaman said the country will continue buying Russian oil.
Enverus announced that it has released its 'updated list of top drillers and customer rankings in the United States'.
Standard Chartered Bank analysts highlighted that 'the OPEC+ nine is scheduled to meet virtually' this Sunday.