WTI meets with some supply on Tuesday amid the emergence of some USD dip-buying. Optimism over firming fuel demand and Middle East tensions should help limit...
Crude Oil’s recovery could start to fade as upside momentum eases, TDS Senior Commodity Strategist Ryan McKay notes. Markets may halt their Brent and WTI buying...
WTI price edges lower to $77.75 on Monday. The weaker US Consumer Sentiment and Chinese economic output data weigh on the black gold. China’s Industrial Production came...
The latest Department of Energy (DOE) inventory statistics weighed on the crude Oil markets, but with that said, the energy complex has recovered from the post-OPEC+...
WTI is undermined by a surprise build in US inventories and lower demand growth forecast by IEA. The Fed’s hawkish surprise lifts the USD and weighs...
In its monthly oil market report published on Wednesday, the International Energy Agency (IEA) slashed the 2024 global oil demand growth forecast by 100,000 bpd to 960,000 barrels per day (bpd)....
WTI may appreciate as the US Energy Information Administration anticipates optimistic global demand. EIA increased world Oil demand growth forecast to 1.10 million barrels per day in...
WTI price gains ground due to speculation of a Fed rate cut in September. Crude Oil prices may struggle as a strong US jobs report would...
WTI price gains ground due to rising speculation of a Fed rate cut in September. ECB implemented a 25-basis point rate cut on Thursday. Oil prices...
WTI price appreciates as US mixed data fuel rate cut speculations by the Fed. A Reuters poll has indicated that nearly two-thirds of economists now predict...
Crude Oil markets are struggling to recover from sharp declines. US Crude Oil supplies delivered another buildup in measured stocks. OPEC+ set to ease production caps...
WTI falls below $74.00 per barrel on increased oversupply concerns. Bets on Fed rate cuts have backslid further, markets now see November cut. Crude Oil sentiment...
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....
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...
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....
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...
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...