Oil prices drop after industry data shows big drop in U.S. crude inventories
Oil futures fell Wednesday, threatening to end a three-day winning streak, after industry data showed a large rise in U.S. crude inventories.
Oil prices fall on rising US crude stocks, hawkish Fed comments
Oil prices fell 1% on Wednesday, ending three days of gains, as industry sources pointed to rising U.S. crude stockpiles and hawkish remarks from Fed Chair Jerome Powell that signalled slower rate cuts this year.
Crude oil price forecast: weekly chart points to big moves ahead
Crude oil price rallied to a 12-week high on Monday amid renewed hopes over the commodity’s demand in the new year. While it has since pulled back, Brent futures have been in the green in four out of the past five sessions.
Crude Oil Price Outlook – Crude Continues to Recover
The crude oil market is strong in the early hours of Monday, as the market continues to try to recover from the recent fall that we have seen. Traders continue to watch economic numbers, GDP, and central banks at the same time.
Oil prices retreat after report of U.S. crude stockpile rise
Oil prices fell on Wednesday as an industry report showed an increase in U.S. crude stockpiles and tariff worries weighed on sentiment, paring back three days of gains driven by increasing Middle East tensions and intensifying sanctions.
Huge Jump in Crude inventories Caps Oil Prices
The American Petroleum Institute (API) estimated that crude oil inventories in the United rose by a massive 9.043 million barrels for the week ending January 31
Oil Extends Gains Despite U.S. Tariff Concerns
Oil prices extended gains from the previous trading session despite fears that Trump’s trade tariffs might hurt global growth.
Oil prices retreat after climb in US crude stockpiles expected
Oil prices lost ground on Wednesday after sources said industry data would show an increase in U.S. crude stockpiles, but stronger refining margins limited losses. Brent futures fell 52 cents or 0.7% to $76.
US sanctions strand Iran, Russia oil on tankers, driving up crude costs
The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of ...
Crude Oil Price Forecast: Crude Oil Reclaims $72.83, Targets Higher Resistance Levels
Crude oil reclaimed the 50-Day MA at $72.83, signaling strength. Watch resistance between $74.60-$74.89 and potential support at $70.91.
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Saudi crude to China to fall in March after prices hit over two-year high, sources say
Saudi Arabia's crude oil supply to China is set to slide in March from the prior month, trade sources said on Tuesday, after ...
Crude oil slides to lowest settlement this year as surging U.S. inventories shows weak demand
Crude oil futures fell as traders worried that large increases in U.S. crude and gasoline stockpiles and a potential ...