Search
Close this search box.

June 12, 2024

Oil Climbs on Optimistic Demand Outlook

Oil prices ticked higher on Wednesday on upbeat global demand views from the US Energy Information Administration and OPEC.

Brent crude futures rose 11 cents, or 0.1%, to $82.04 a barrel, while US West Texas Intermediate (WTI) crude futures gained

Read more

Gold Dips on Firmer Dollar

Gold prices edged lower on Wednesday, weighed down by a stronger US dollar, as investors awaited key US inflation data and the Federal Reserves updated interest rate projections due later in the day.

Spot gold was down 0.2% at $2,311.80

Read more

IEA: Global Oil Demand Will Peak by 2029

The International Energy Agency (IEA) said Wednesday that global oil demand is expected to reach its highest point by 2029 and start to decrease the following year. Additionally, the IEA projects that oil supply capacity will significantly exceed dema…

Read more

Copyright © 2023, Qatar Online News. All Rights Reserved