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HomeOvernight Oil Report

Overnight Oil Report

Overnight Oil Report

Crude oil futures briefly plummet $4/b as recession fears resurface

June 22, 2022 Mariel Alumit

Crude oil futures were sharply lower in mid-morning trade in Asia June 22 as a brief rebound in the previous session proved short-lived, with fears of demand destruction and a global economic slowdown still gripping […]

Overnight Oil Report

Crude oil futures extend gains as recession fears ease; outlook remains bullish

June 21, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning trade in Asia June 21, extending overnight gains as recessionary fears that plagued markets in recent weeks receded and investors returned focus to bullish near-term fundamentals. At 10:33 […]

Overnight Oil Report

OIL FUTURES: Crude continues its fall after US Fed interest hike

June 17, 2022 Mariel Alumit

The crude market posted losses in the mid-morning trading June 17, as the market continued to digest the news of a hike in interest rates by the US Federal Reserve and other central banks. At […]

Overnight Oil Report

Crude oil futures rebound on dip buying after overnight plunge on US Fed hike, stock build

June 16, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning Asian trade June 16 as investors returned to buy the dip after the largest US interest rate hike in nearly three decades and builds in US oil inventories […]

6_15_2022
Overnight Oil Report

Crude oil futures recover on tight supply, bullish OPEC report

June 15, 2022 Mariel Alumit

Crude oil futures were up in mid-morning Asian trade June 15, with sentiment supported by tight supply amid a forecast of global demand growth by OPEC. At 11:09 am Singapore time (0309 GMT), the ICE […]

6142022
Overnight Oil Report

OIL FUTURES: Crude rises on Libya crisis, but products slip on demand concerns

June 14, 2022 Mariel Alumit

Crude oil futures edged higher June 13 amid global supply concerns, but near-term demand concerns pushed refined products prices lower on the day. NYMEX July WTI settled up 26 cents at $120.93/b and ICE August […]

Overnight Oil Report

Crude oil falls on China lockdown fears, higher-than-expected US inflation

June 13, 2022 Mariel Alumit

Crude oil futures were lower in midmorning Asian trade June 13, as pandemic-related concerns in China, coupled with a higher-than-expected US inflation report weighed on sentiment. At 10:53 am Singapore time (0253 GMT), the ICE […]

6102022
Overnight Oil Report

Crude oil futures fall on stronger US dollar, stagflation concerns

June 10, 2022 Mariel Alumit

Crude oil futures were down in mid-morning Asian trade June 10, facing headwinds from a stronger US dollar and stagflation concerns, but sentiment remained supported from steady demand during peak driving season. At 10:42 am […]

Overnight Oil Report

Crude oil futures extends gains on tight US gasoline inventories, rebounding demand

June 9, 2022 Mariel Alumit

Crude oil futures were higher during mid-morning Asian trade June 9 on the back of a rebound in demand from China and the US, with tighter gasoline inventories in the US adding to the bullish […]

Overnight Oil Report

Crude edges higher as EU ban on Russian oil heightens supply concerns

June 8, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning Asian trade June 8 as anticipation that an EU ban on Russian oil would tighten supply overshadowed reports of an inventory build in the US. At 10:18 am […]

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