Oil edges up to one-week high on rising demand hopes after China, US data

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/9/2026

1. SPCX
2. HUM
3. ALHC
4. PEP
5. T
6. CVS
7. UNH
8. SBUX
9. AXP
10. ZETA

Go back to Oil edges up to one-week high on rising demand hopes after China, US data

Citi explains why oil prices are trading lower

May 12, 2024 8:00 AM EDT

In the latest Oil Monitor report from Bank of America, a notable decline in oil prices is attributed to shifting market dynamics, with geopolitical concerns taking a back seat to supply-side factors.

According to Citi's analysis, the market's perception of geopolitical risks in the Middle East has softened, leading... More