Oil posts weekly loss on easing supply risks

Quick Summary:

Oil prices edged lower on Friday and posted a weekly decline of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as Opec+ is expected to extend output cuts.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIsrael

Topics: EnergyOutlook GlobalOil Commodities SupplyRisks OPEC+ CrudeMarket /Business/ OilPrices MiddleEastConflict

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-30 @ 05:19:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 156 words

Reading Time: 1 minutes read

Sentences: 8 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23957639

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 46 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 9 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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