The price of oil slid Monday as traders braced for softer demand amid an increase in the number of active rigs and weak U.S. economic reports on construction spending and manufacturing.

Topics:  u.s    oil   rig   soft   economic   
BING NEWS:
  • Crude Oil WTI (NYM $/bbl) Front Month
    2-Year U.S. Treasury Note Continuous Contract $101.645-0.012-0.01% 5-Year U.S. Treasury Note Continuous Contract $105.625-0.039-0.04% 10-Year U.S. Treasury Note Continuous Contract $108.766-0.063 ...
    05/13/2024 - 7:04 am | View Link
  • Crude oil prices today: WTI prices are up 6.40% YTD
    Year to date, WTI prices are up by 6.40% ... experience much higher industrial energy demand during periods of strong economic growth and lower demand during economic downturns.
    05/6/2024 - 11:06 pm | View Link
  • Weak US productivity could threaten Fed's 'soft landing' hopes
    Weaker U.S. productivity gains in the first quarter may challenge the Federal Reserve's efforts to finish its inflation fight without a painful rise in unemployment, potentially stalling progress on ...
    05/2/2024 - 4:59 am | View Link
  • North American rig count takes a hit while Middle East maintains stability
    North America's rig count drops; Middle East maintains stability amid global market fluctuations.. North American rig count takes a hit while Middle East maintains stability. ANALYSIS, Exploration & ...
    04/29/2024 - 5:44 pm | View Link
  • Oil prices stabilize amid global economic growth
    and India – are set for stable economic growth, thereby pushing for increased demand for oil. This has helped in stabilizing oil prices after two weeks of losses and concerns about further decline in ...
    04/26/2024 - 1:00 pm | View Link
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