Oil prices dipped on Friday, with benchmarks heading for their weakest monthly performances since November, ahead of key U.S. inflation data which could give clues on future interest rate moves and the strength of the dollar. Brent futures, which have risen nearly 5% this week, were down 63 cents, or 0.8%, at $78.64 a barrel at 0824 GMT.
Oil prices dipped on Friday, with benchmarks heading for their weakest monthly performances since November, ahead of key U.S. inflation data which could give clues on future interest rate moves and the strength of the dollar. Brent futures, which have risen nearly 5% this week, were down 63 cents, or 0.8%, at $78.64 a barrel at 0824 GMT.
Oil prices climbed in early Asian trade on Friday as sentiment was boosted by an expansion in factory activity in China, the world's second largest crude consumer, and as concerns grew about Middle Eastern supply. Brent futures, which have risen nearly 6% this week, were up 15 cents, or 0.19%, at $79.42 a barrel at 0146 GMT.
* Oil firms halt, cut output in Kurdistan after pipeline closure. * US crude stockpiles fall unexpectedly as imports hit 2-year low. * OPEC+ unlikely to tweak oil policy in Monday talks - delegates. By Stephanie Kelly.
Intercontinental Exchange Inc ICE.N: * ANNOUNCES RECORD LEVELS OF LIQUIDITY ACROSS ITS U.S. NATURAL GAS MARKETS AS CUSTOMERS MANAGE PRICE RISK. * SAYS OPEN INTEREST HIT RECORD HIGH OF 17.45 MILLION CONTRACTS ACROSS NORTH AMERICAN NATURAL GAS FUTURES ON MARCH 28, 2023.
Intercontinental Exchange Inc (ICE) : * ICE ANNOUNCES RECORD DEPTHS OF LIQUIDITY ACROSS U.S. NATURAL GAS MARKETS. * ICE: ON MARCH 28, U.S. FINANCIAL NATURAL GAS FUTURES AND OPTIONS HIT RECORD OPEN INTEREST OF 10.4 MILLION, WITH OPEN INTEREST UP 11% Y/Y Source text for Eikon: Further company coverage:
OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five delegates from the producer group told Reuters, after oil prices recovered following a drop to 15-month lows.
OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five delegates from the producer group told Reuters, after oil prices recovered following a drop to 15-month lows.
Oil prices rose more than 1% on Thursday, supported by lower U.S. crude stockpiles and a halt to exports from Iraq's Kurdistan region, which offset pressure from a smaller-than-expected cut to Russian supplies. Brent crude futures rose 99 cents, or 1.3%, to $79.27 a barrel.
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