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HomeOvernight Oil Report

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Crude Oil News

Crude oil futures rise as record power demand offsets macroeconomic weakness

July 15, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning Asian trade July 15, shrugging off rangebound trading over the past two sessions, as investors weighed conflicting signals of deteriorating macroeconomic fundamentals and a still tight oil market. […]

Crude
Overnight Oil Report

Crude oil futures rebound after overnight plunge on weakening outlook

July 13, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning Asian trade July 13, trimming losses after a plunge of more than 7% overnight as the near-term outlook weakened considerably amid COVID-19 curbs in China and weakening sentiment […]

Oil futures
Overnight Oil Report

OIL FUTURES: Brent below $100/b as recession concerns trigger renewed selling pressure

July 6, 2022 Mariel Alumit

Oil futures selling pressure resumed in midmorning New York trading July 6, with front-month ICE Brent falling below $100/b intraday for the first time since April 25. At 1755 GMT, NYMEX August WTI was down […]

Crude
Overnight Oil Report

Crude consolidates amid supply disruptions from Norway

July 5, 2022 Mariel Alumit

Crude oil futures were mostly steady in mid-morning Asian trade July 5, consolidating strong gains from the previous day, as supply disruptions from Norway further added to existing supply woes. At 10:52 am Singapore time […]

Crude
Overnight Oil Report

Crude oil futures recoup losses; macroeconomic weakness weighs

July 1, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning Asian trade July 1, recouping losses after a steep plunge overnight, though sentiment remained shaky as a raft of data showed further signs of weakness in the US […]

Crude
Overnight Oil Report

Crude oil futures inch higher as investors await OPEC+ meeting outcome

June 30, 2022 Mariel Alumit

Crude oil futures inched higher in the mid-morning trade in Asia June 30 on the back of investors awaiting the outcome of the OPEC+ meeting taking place later today and the US data showing a […]

Overnight Oil Report

Crude oil futures extend gains on supply disruptions, lack of spare capacity

June 28, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning trade in Asia June 28, extending gains for a third day as supply disruptions overshadowed fears of a global recession, while OPEC spare capacity was reported to be […]

Overnight Oil Report

Crude oil futures climbs, erasing early declines; sentiment still fragile

June 27, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning trade in Asia June 27, reversing early losses of more than $2/b though sentiment remained fragile amid ongoing concerns of a global economic slowdown. At 10:36 am Singapore […]

Overnight Oil Report

Crude oil futures mostly steady; sentiment still fragile amid recession fears

June 24, 2022 Mariel Alumit

Crude oil futures were mostly steady in mid-morning trade in Asia June 24 after shedding early morning gains as sentiment remained fragile following steep declines in the last two sessions. At 10:30 am Singapore time […]

Overnight Oil Report

OIL FUTURES: Crude drops amid recessionary fears, tightness to remain across markets

June 23, 2022 Mariel Alumit

Crude oil futures declined during mid-morning training on June 23 on the back of investors’ anguish over looming recessionary fears. At 1216 GMT, ICE August Brent crude futures were down 19 cents/b at $111.55b, while […]

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