neutral
Oil Pulls Back From Seven-Week High as Profit Taking Sets In
Oil prices retreated, sliding from a seven-week high as investors booked profits and weighed prospects of slower winter demand. Brent crude dropped ~0.7% to $68.82/barrel and U.S. crude fell ~0.8%. Analysts flagged returning supply from sources like Iraqi Kurdistan and concerns about weakening global demand as headwinds to further upside.
Companies:
- ExxonMobil
- Saudi Aramco
- Shell
Tags:
- oil prices
- energy markets
neutral
Oil Pulls Back From Seven-Week High as Profit Taking Sets In
Oil prices retreated, sliding from a seven-week high as investors booked profits and weighed prospects of slower winter demand. Brent crude dropped ~0.7% to $68.82/barrel and U.S. crude fell ~0.8%. Analysts flagged returning supply from sources like Iraqi Kurdistan and concerns about weakening global demand as headwinds to further upside.
Companies:
- ExxonMobil
- Saudi Aramco
- Shell
Tags:
- oil prices
- energy markets
1 min read
50 words
Oil dips from highs amid profit taking and demand worries in global markets.
Oil prices retreated, sliding from a seven-week high as investors booked profits and weighed prospects of slower winter demand. Brent crude dropped ~0.7% to $68.82/barrel and U.S. crude fell ~0.8%. Analysts flagged returning supply from sources like Iraqi Kurdistan and concerns about weakening global demand as headwinds to further upside.
Oil prices retreated, sliding from a seven-week high as investors booked profits and weighed prospects of slower winter demand. Brent crude dropped ~0.7% to $68.82/barrel and U.S. crude fell ~0.8%. Analysts flagged returning supply from sources like Iraqi Kurdistan and concerns about weakening global demand as headwinds to further upside.
Companies:
- ExxonMobil
- Saudi Aramco
- Shell
Tags:
- oil prices
- energy markets
- oil prices
- energy markets
- profit taking
- Brent
- WTI