Oil futures ended higher on Friday, while natural-gas futures extended their losses into a sixth-consecutive session to end the week with a loss of more than 20%. Price action West Read more
Tag: Brent Crude Oil Continuous Contract
Oil prices build on gains as China reportedly weighs easing quarantine rules
Oil futures were building on gains Thursday, finding support after a report China may ease quarantine restrictions on visitors to the country. Price action West Texas Intermediate crude for November Read more
Oil bounces as U.S. supplies show decline, while Biden administration plans another SPR release
Oil futures bounced Wednesday, finding support as industry data showed a fall in U.S. supplies and as traders debated the impact of the Biden administration’s plan to release more crude Read more
Oil turns lower as dollar renews its rise
Oil futures erased an early bounce to turn lower as the U.S. dollar resumed a push higher while investors weigh fears of a global economic downturn against tight crude supplies. Read more
Oil ticks higher as traders weigh recession fears versus tight crude supplies
Oil futures edged higher in early trade Monday, attempting to bounce after last week’s fall as investors weigh recession fears against tight crude supplies. Price action West Texas Intermediate crude Read more
Oil on track for weekly fall amid recession fears
Oil prices declined on Friday, contributing to a loss for the week, as worries over a global economic downturn continued to plague the demand outlook. Price action West Texas Intermediate Read more
Oil slumps after hot inflation reading, while IEA warns of global recession
Oil futures fell Thursday after a hotter-than-expected consumers price index reading was seen forcing the Federal Reserve to keep aggressively tightening monetary policy, while the International Energy Agency warned that Read more
Oil loses ground after OPEC cuts forecasts for demand growth
Oil futures gave up modest gains Wednesday after the Organization of the Petroleum Exporting Countries cut its outlook for growth in crude demand in 2022 and 2023 in the face Read more
OPEC slashes forecasts for oil-demand growth in 2022, 2023
The Organization of the Petroleum Exporting Countries on Wednesday cut its estimate for growth in global demand of oil, citing an increasingly uncertain outlook for the world economy. The updated Read more
Oil prices down a second session as IMF’s world economic outlook feeds recession fears
Oil futures fell for a second day Tuesday, unwinding part of the previous week’s sharp gains scored after OPEC+ agreed to cut crude production, as a downgrade to the 2023 Read more