Posts Tagged ‘global oil demand’
Gold and Oil News - March 8, 2026 14:24
Iran Didnt Need A Navy To Close Hormuz And Block Oil Exports
Iran’s been threatening to close the Strait of Hormuz for decades and everyone always said yeah but they never actually will, because their own exports go through it.. well turns out they didnt need to formally close it at all. A few drone strikes on tankers near the strait, a radio broadcast from the IRGC […]
Crude Oil Futures Gain on Tuesday ahead of OPEC Meeting
Crude oil futures gained on Tuesday as investors were optimistic on upcoming meeting of OPEC. Investors expected that OPEC member countries would go for an increase in cartel’s official output targets. Moreover weakening greenback also resulted in attraction for crude oil. Crude oil futures contract for July delivery gained 0.1 percent or $0.08 to $99.09 […]
Crude Oil Futures Decline as Traders remain Uncertain about Future Demand
Crude oil futures remained under pressure on Tuesday and traders were worried that high oil prices could result in decreased demand globally. Light crude oil futures contract for May delivery declined 3.3 percent or $3.67 to $106.25 per barrel on Globex trading session of New York Mercantile Exchange. Crude oil future contract plunged 2.4 percent […]
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