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Oil Rises as Ceasefire Hopes Dim, Saudi Arabia Lifts Crude Prices
Oil was higher as ceasefire talks between Israel and Hamas showed little progress and Saudi Arabia lifted its official selling prices for June loadings for most regions.The Wall Street Journal - World -
Oil pares gains as Hamas reportedly accepts cease-fire plan, Israel warns of Rafah invasion
Oil prices pared some of their gains by Monday’s settlement as news reports said Hamas has accepted a proposal to halt its war with Israel in Gaza.MarketWatch - Business - Israel -
BP misses expectations as profits slip on weaker oil and gas prices
BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a "significantly weaker" margin in fuels.CNBC - Business -
BP promises to cut costs as profit misses forecast
Oil major says it will trim $2bn of cash costs and announces another $1.75bn of share buybacksFinancial Times - Business -
Interest rate cut bets rise as US job creation slows; FTSE 100 at record high – business live
Rolling coverage of the latest economic and financial news, as latest US non-farm payroll shows weakening job creation. Newsflash: The UK’s services sector has posted the fastest business activity growth in almost a year, reinforcing hopes that ...The Guardian - World -
Oil prices log worst week since February as concerns over Middle East supply risks fade
Oil futures finished lower Friday — with easing concerns over potential supply disruptions in the Middle East, strong U.S. production and signs of slowing demand prompting prices to register their largest weekly percentage loss since early February.MarketWatch - Business -
Oil prices hold firm amid confusion over status of Gaza cease-fire proposal
Oil prices are rising after falling 6% last week.CNBC - Business -
Oil prices edge lower after Russia signals OPEC+ production rise possible
Oil futures edge lower as Russia indicates OPEC+ could consider raising crude output and Israel rejects a Gaza cease-fire proposal.MarketWatch - Business - Russia -
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.The Wall Street Journal - World -
The FTC said former Pioneer CEO Scott Sheffield attempted to collude with OPEC officials to raise oil prices and referred the allegation to the Justice Department for a potential criminal probe.
The FTC said former Pioneer CEO Scott Sheffield attempted to collude with OPEC officials to raise oil prices and referred the allegation to the Justice Department for a potential criminal probe.The Wall Street Journal - World -
OPEC+ Likely to Extend Output Curbs Beyond 2Q, JPMorgan Says
OPEC and its allies are likely to extend their voluntary production cuts beyond the second quarter at their upcoming meeting in June, according to JPMorgan.The Wall Street Journal - World -
European Oil Giants Consider Shifting Their Listings to the U.S.
TotalEnergies and Shell are contemplating the advantages of listing shares in the United States to strengthen what they say are low market valuations.The New York Times - Business -
Oil Holds Steady After Israel Seizes Control of Rafah Crossing
Oil prices were steady as traders assessed developments in the Middle East after Israel stepped up attacks in the southern Gaza city of Rafah and while negotiations for a ceasefire remained on edge.The Wall Street Journal - World - Israel