Oil prices fell by more than $1 on Monday after weaker than expected factory activity data out of China and on concerns that the country’s widening COVID-19 curbs will curtail demand. Brent crude futures dropped […]
Oil prices are rallying this morning as the dollar continued to weaken (to 3-week lows), shrugging off any worries about the surprise crude build API reported last night. “Crude oil remains rangebound,” said Ole Hansen, […]
Oil prices rebounded today from earlier losses as fears over tight supplies once again became top of mind for many as ‘peak hawkishness’ overtook ‘China demand fears’. Oil was also helped by a weaker dollar… […]
Despite an overnight dump’n’pump, oil prices are higher this morning as continued US efforts to curb prices and concerns over a global recession battle signs of tight supply (and an unexpected draw reported by API […]
NEW YORK (Reuters) –Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates will tip […]
(Bloomberg) — Oil rebounded from an eight-month low as the market shrugged off a U.S. report showing swelling crude stockpiles and slumping demand. West Texas Intermediate advanced 2% in a move traders characterized as a […]
The American Petroleum Institute (API) reported a large draw this week for crude oil of 4.037 million barrels, while analysts predicted a draw of 1.121 million barrels. The build comes as the Department of Energy […]
The discount on Canadian heavy crude versus the West Texas Intermediate (WTI) benchmark edged tighter on Thursday: * Western Canada Select (WCS) heavy blend crude for August delivery in Hardisty, Alberta, settled at $21.60 a […]
(Bloomberg) — Oil headed for its worst trading day in almost three months as recession fears iced markets, outweighing a fundamentally tight supply market. West Texas Intermediate crude futures dropped as much as 10%, the […]
Crude prices were set to rise for the first session in three on Friday, though set for a weekly loss as the market has tried to buck worries over economic slowdowns that could cut into […]
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