Oil prices steady amid concerns of rising supplies and sluggish demand

– Oil prices were steady on Thursday after falling the previous two sessions on industry concerns about rising supplies and signs of slowing demand.

Prices found slight support on hopes that the US-China trade dispute may ease, potentially boosting oil demand. “Saudi Arabia is restoring production much faster than expected the EIA crude inventories came in higher,” said Halley.Crude futures were also pressured by sluggish economic data in leading European economies and Japan, analysts said.

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Oil slips as focus shifts from Saudi supply to global demand concernsSINGAPORE - Oil prices eased on Tuesday as weak manufacturing data from Europe and Japan focused market attention on the gloomy outlook for demand and away from uncertainty around supply disruptions in Saudi Arabia.
Source: manilabulletin - 🏆 25. / 51 Read more »

Oil slips as focus shifts from Saudi supply to global demand concernsSINGAPORE - Oil prices eased on Tuesday as weak manufacturing data from Europe and Japan focused market attention on the gloomy outlook for demand and away from uncertainty around supply disruptions in Saudi Arabia.
Source: manilabulletin - 🏆 25. / 51 Read more »