Oil prices erase 2022 gains as protests in China raise demand concerns

WTI is lowest since December 2021, Brent lowest since January 2022 Clashes in Shanghai as COVID protests flare up across China Investors are focusing on the next OPEC+ meeting on December 4 Nov 28 (Reuters) – Oil prices fell close to their year-to-date lows on Monday as street protests against strict COVID-19 restrictions in China, … Read more

Oil muted as price cap proposal eases supply concerns

G7 price cap on Russian oil could be above current trade levels EIA data on gasoline stocks show higher-than-expected build COVID-19 controls tighten in China Nov 24 (Reuters) – Benchmark Brent oil fell lower on Thursday as West Texas Intermediate (WTI) crude held steady, floating within sight of two-month lows as the level of a … Read more

Oil prices hit a 10-month low according to the OPEC+ production boost report

Saudi Arabia And Other OPEC Producers Looking To Increase Production -WSJ Chinese demand fears and the strong dollar are also weighing on prices LONDON, Nov 21 (Reuters) – Oil prices fell to their lowest level since early January on Monday after the Wall Street Journal reported that Saudi Arabia and other OPEC oil producers are … Read more

Walmart raises annual forecast and announces $20 billion share buyback

Nov 15 (Reuters) – Walmart Inc (WMT.N) raised its annual sales and profit forecast on Tuesday as demand for groceries persists despite higher prices, while discounts on clothing and electronics helped reduce excess inventories ahead of the run to the busy holiday season. The company also announced a new $20 billion share buyback plan, which … Read more