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EBC Markets Briefing | Crude prices set for weekly gain after stock draw
Oil prices rose in Asian trading hours on Friday, with global benchmark Brent set for its first weekly increase in three weeks on signs of improving global demand and a weaker US dollar. Recent declines in oil and refined products inventories at major global trading hubs have created optimism, rever
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EBC Markets Briefing | Oil prices pick up as US SPR is to be refilled
Oil prices rose on Thursday on the prospect the US may start buying crude for SPR, after sinking to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts and swelling oil inventories. The Biden administration in 2022 sold 180 million barrels of oil in about six months from the reserve, the
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