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SINGAPORE, Dec 7 (Reuters) - Oil futures edged slightly higher on Wednesday on hopes for improved Chinese demand while uncertainty about how a Western cap on Russian oil prices would play out kept markets on edge after a sharp fall the previous session. U.S. crude futures clawed back earlier losses and were steady from the previous close at $74.25 a barrel. "China has (been) rapidly eased COVID-19 restrictions, which may boost demand," markets analyst Leon Li at CMC Markets said in a note. However, uncertainty on how the price cap on Russian oil would play out on supply contributed to volatility. Oil prices have dropped by more than 1% for three straight sessions, giving up most of their gains for the year.

SINGAPORE, Nov 14 (Reuters) - Oil prices rose on Monday, extending gains from the previous session, after China eased some of its strict COVID-19 protocols, fuelling hopes of a recovery in economic activity and demand at the world's top crude importer. Contracts for Brent crude and U.S. West Texas Intermediate edged up nearly 1% earlier in the session but later pared some gains. U.S. West Texas Intermediate crude futures were also up 23 cents, or 0.3%, at $89.19 a barrel after closing Friday's session 2.9% higher. "Moreover, it will take some time from the release of the policy to its implementation, so China's full liberalisation may have to wait until the first quarter of next year, which means that the rebound of oil prices last Friday is unsustainable." China's demand for oil from world's top exporter, Saudi Arabia, also remained weak as several refiners have asked to lift less crude in December.

☆ Oil declines over $1 on China COVID curbs, weak factory activity data
▼ + stars: | 2022-10-31 | by ( Emily Chow | ) www.reuters.com time to read: +3 min

U.S. West Texas Intermediate (WTI) crude was at $86.83 a barrel, down $1.07, or 1.2%, after settling down 1.3% on Friday. "The purchasing managers' index (PMI) data contracting adds to the post-China congress party blues for oil markets. Strict COVID-19 curbs in China have dampened economic and business activity, curtailing oil demand. A further risk to oil demand comes from Europe, said CMC Markets analyst Leon Li, as the continent "is likely to enter a recession this winter," he said. read moreThe warnings came just as U.S. oil exports rose to a record last week, partly pushing WTI prices up 3.4%.

SINGAPORE, Oct 31 (Reuters) - Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. "The purchasing managers' index (PMI) data contracting adds to the post-China congress party blues for oil markets. Factory activity in China, the world's largest crude importer, fell unexpectedly in October, an official survey showed on Monday, weighed down by softening global demand and strict COVID-19 restrictions that hit production. Strict COVID-19 curbs in China have dampened economic and business activity, curtailing oil demand. A further risk to oil demand comes from Europe, said CMC Markets analyst Leon Li, as the continent "is likely to enter a recession this winter", he said.

☆ Oil prices mixed amid uncertain demand, supply concerns
▼ + stars: | 2022-10-20 | by ( Emily Chow | ) www.reuters.com time to read: +3 min

REUTERS/Nick Oxford/File PhotoSINGAPORE, Oct 20 (Reuters) - Oil prices were mixed on Thursday as investors balanced caution over tightening supply against concerns that a global slowdown could curb demand. "Oil prices are being whipsawed by a number of drivers in Q4 2022," said Commonwealth Bank commodities analyst Vivek Dhar in a note. Upward pressure though is coming from OPEC+ supply cuts and imminent EU sanctions on seaborne imports of Russian oil and refined production." Global recession concerns and the potential for another aggressive U.S. rate hike were clouding the outlook for oil prices, said CMC Markets analyst Leon Li. "Therefore, oil prices would return to a downtrend after a short-term rebound," he said.

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