The Oil price fell to $72.50 as OPEC+ plans to shore up the market. Weak US factory PMI raise concerns over the Oil demand outlook. Investors await...
WTI price lost ground as OPEC+ intends to phase out production cuts of 2.2 million barrels per day over 2025. The US is purchasing an additional...
WTI backslid to $74.00 per barrel after OPEC+ failed to bolster Crude trader hopes. Voluntary production cuts are slated to be phased out beginning in October....
Oil steadies near $77.00, looking for direction after Sunday’s OPEC+ meeting. OPEC+ meeting sets the tone for more downside after the summer season despite the decision...
WTI edges higher as OPEC+ continues its oil output cuts of 3.66 million barrels per day into 2025. Oil prices could face pressure as Fed officials...
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WTI fell into the red for the week, etching in a second month of declines. US Crude Oil production remains a concern despite downturn in supplies....
Oil flirts with a third consecutive decline ahead of Sunday’s OPEC+ meeting on Sunday. OPEC+ will convene online to decide on production cuts, with most analysts...
Crude Oil markets decline as investment sentiment recedes. Midweek market flows shed weight as Treasuries squeeze out risk appetite. WTI stumbles after hitting three-week highs. West...
Oil retreats back below $80 and ends winning streak. Pressure in Oil markets is rising ahead of the OPEC+ meeting in June. The US Dollar Index...
The Oil price extends upside as uncertainty ahead of the OPEC+ meeting neutralizes the impact of fading Fed rate-cut prospects. Easing Fed rate-cut bets fail to...
WTI Oil price appreciates ahead of OPEC+ meeting, where the group will discuss extending voluntary output cuts. An Israeli strike in the Gazan city of Rafah...
WTI jumps to $78.50 with a focus on global inflation data. The Fed is expected to announce rate cuts in the last quarter of this year....
WTI Oil price attempts to extend its gains due to a recovery in overall market risk sentiment. University of Michigan’s 5-year Consumer Inflation Expectations for May...
WTI bounced back above $77.50 in broad market sentiment rebound. Crude Oil markets are recovering despite ongoing concerns over US oversupply. Fed rate cut bets continue...
Oil sinks further and falls to three-month lows near $76.00. Despite geopolitical headlines, oil has kept sinking this week. The US Dollar Index trades back above...
Oil jumps back above $78 after a brief decline. Norway, Ireland and Spain said they will recognize a Palestinian state on May 28. The US Dollar...
Oil tests the support of its 2024 rally again on Tuesday. Markets disregard current events in the Middle East as there is no risk for output...
WTI Oil price extends losses possibly due to the hawkish remarks from Fed officials regarding maintaining higher rates for longer. The death of Iran’s President and...
WTI Oil price extends losses possibly due to the hawkish remarks from Fed officials regarding maintaining higher rates for longer. The death of Iran’s President and...