Oil futures rose early Friday, on track for weekly gains, as market bulls looked for signs China may soon move to ease COVID restrictions and allow economic growth to revive. Read more
Tag: Brent Crude Oil Continuous Contract
Oil slumps as fears rise Fed rate hikes will crimp crude demand, dollar jumps
Oil fell Thursday, losing ground on fears aggressive tightening by the Federal Reserve will tip the economy into recession, while the U.S. dollar rose sharply. Price action West Texas Intermediate Read more
Oil rises as dollar softens, traders eye China COVID policy
Oil futures rose Tuesday, looking to build on an October gain, as the U.S. dollar pulled back and unconfirmed rumors circulated that China may ease COVID curbs. Price action West Read more
Oil slides as China factory gauge slumps; natural-gas futures move sharply higher
Oil futures fell Monday, feeling pressure after a weak reading on China factory activity and a widening of COVID-19 curbs by the country. Previously beaten-down natural-gas futures, meanwhile, rallied by Read more
Oil slips as China expands COVID curbs, but on track for weekly gains
Oil futures fell Friday as several Chinese cities widened COVID-19 curbs, but crude remained on track for solid weekly gains. Price action West Texas Intermediate crude for December delivery CL.1, Read more
Oil aims for 3-day winning streak
Oil futures ticked higher early Thursday, attempting to build a three-day winning streak. Price action West Texas Intermediate crude for December delivery CL.1, +0.28% CL00, +0.28% CLZ22, +0.28% rose 47 Read more
Oil ticks higher, shaking off industry data showing rise in U.S. crude stocks
Oil futures edged higher early Wednesday, with traders awaiting official data on U.S. crude inventories after industry figures showed a large rise. Price action West Texas Intermediate crude for December Read more
The first ‘truly global energy crisis’ is here, says International Energy Agency chief
“‘The world is in the middle of its first truly global energy crisis.’” — Fatih Birol, executive director, International Energy Agency That observation comes from Fatih Birol, executive director of Read more
Oil falls for second day as demand worries continue
Oil futures fell Tuesday, on track for back-to-back losses as investors remained worried about the demand outlook for crude as the Federal Reserve and other major central banks aggressively tighten Read more
Oil loses ground as traders weigh China demand worries
Oil futures fell early Monday to begin the week as traders weighed the outlook for Chinese demand after a round of lackluster import data and the conclusion of the Communist Read more