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Oil Prices Steady, Set for Mild Weekly Gains Amid Demand Hopes
Oil prices moved little in Asian trade on Friday, but were headed for a mildly positive week as a softer dollar, shrinking U.S. inventories and increased Chinese stimulus stoked hopes of improving demand.
WTI Extends the Rally Near $78.90, US Inflation Data Boosts Fed Rate Cut Expectations
WTI prices gains traction near $78.90 on Friday.
Oil Prices Rise as Softer CPI Dents Dollar, US Inventories Shrink
Oil prices rose in Asian trade on Thursday, extending gains from the prior session as a softer-than-expected U.S. consumer inflation reading brought down the dollar and ramped up hopes of interest rate cuts.
Crude Oil Whips on Wednesday, Surge in Risk Appetite Sparks Recovery in Barrel Bids
WTI hits two-month low before recovering into familiar territory.
WTI Edges Higher to Near $78.50 Due to Drawdown in US Inventories, Canada Wildfires
WTI price appreciates due to the potential for supply disruptions amid Canadian wildfires.
Oil Prices Rise as US Inventories Dip; CPI Inflation in Focus
Oil prices rose in Asian trade on Wednesday as industry data showed a drop in U.S. inventories and boosted expectations of tighter supplies, although anticipation of key inflation data kept gains limited.