Crude Oil Mar 24 (CLH24.NYM)
- Oilprice.com
WoodMac: Oil Prices Could Surprise To The Upside With China’s Reopening
China has a history of under-promising and over-delivering on economic growth, a trend that means there is plenty of upside for oil prices.
- Investing.com
Crude oil lower on growth concerns, rising U.S. inventories
Oil prices retreated Thursday, snapping a three-day rally, after a surprise rise in U.S. crude stockpiles and with the Federal Reserve highlighting global growth concerns. By 09:15 ET (13:15 GMT), U.S. crude futures traded 0.2% lower at $70.77 a barrel, while the Brent contract fell 0.2% to $76.57 a barrel. The Fed hiked interest rates as expected on Wednesday, but downgraded its GDP outlook for the year, expecting the U.S. economy to grow 0.4% this year, down from previous expectations of 0.5%.
- Oilprice.com
Oil Prices Under Pressure From Oversupply And Economic Uncertainty
Oil prices fell on Thursday morning as the market digested Jerome Powell’s latest statement and settled in for two months of oversupply.
