Cars

Reuters

Jul 31, 2022, 2:33 AM

Oil Rises On Tight Supplies; Trade Choppy On Demand Worries

Brent crude rose 26 cents to settle at $122.27 a barrel. U.S. West Texas Intermediate crude rose 26 cents to settle at $120.93 a barrel. Trade was volatile, with prices down about $3 a barrel earlier.

2 Min

• 
  Reuters | Jul 31, 2022

  Oil Prices Slump As Investors Fear Fed Rate Hikes Will Hurt Demand

  Investors have been paring positions in risky assets as they assess whether inflation-fighting central banks could push the world economy into recession with higher interest rates.

  2 mins read
• 
  Reuters | Jul 31, 2022

  Oil Swings Higher As Tight Supplies Overshadow Demand Destruction

  Russian grades accounted for about 16.5% of India's overall oil imports in May

  2 mins read
• 
  Reuters | Jul 31, 2022

  Oil Swings Higher As Tight Supplies Overshadow Demand Destruction

  Brent futures gained $1.06, or 0.9%, to settle at $120.57 a barrel, its highest since May 31. U.S. West Texas Intermediate (WTI) crude gained 91 cents, or 0.8%, to $119.4.

  2 mins read
• 
  Reuters | Jul 31, 2022

  Oil Swings Higher As Tight Supplies Overshadow Demand Destruction

  Oil prices swung higher in volatile trading, as traders focused on tight supplies over slowing global economic growth.

  2 mins read
• 
  Reuters | Jul 31, 2022

  Oil Ticks Higher On Strong Demand, Tight Supply

  Oil prices edged up on high summer fuel demand while supplies remained tight because of sanctions on Russian oil after its invasion of Ukraine.

  2 mins read
• 
  car&bike Team | Jul 31, 2022

  Taiwan's Foxconn Raises Full-Year Outlook On Strong Tech Demand

  Taiwan's Foxconn, the world's largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to rising inflation.

  2 mins read
• 
  Reuters | Jul 31, 2022

  S.Korea Truckers End Strike; Govt Agrees To Extend Pay Guarantee

  The latest round of talks were held at a major industrial transport hub near the capital, where Transport Minister Won Hee-ryong earlier warned the government may step in and force truckers to return to work or face jail.

  2 mins read
• 
  Reuters | Jul 31, 2022

  Brazil's Bolsonaro Says Deal Close To Buy Cheaper Diesel From Russia

  Bolsonaro, a far-right former army captain, gave no further details. Neither Bolsonaro's office, nor Brazil's Mining and Energy Ministry immediately responded to requests for comment.

  1 min read