Oil-market analysts don’t expect the Organization of the Exporting Countries and its allies on Wednesday to agree to sharply boost production in September — but members could take steps that Read more
Tag: BRNV22
Oil prices retreat as investors await OPEC+ meeting
Both international and U.S.-based crude oil benchmarks traded lower on Monday after clinching their second straight monthly loss in July as recession fears have weighed on commodity prices. Price action Read more
Why Goldman’s commodity guru Jeff Currie is bullish on oil despite July’s pullback
Global oil prices have declined in July, but Goldman Sachs commodity guru Jeffrey Currie touts a strong upside risk for oil on the back of wide, “unprecedented” spread between physical Read more
What’s in store for commodities after losses in July?
The pullback in most commodity prices in July, with wheat and oil among the decliners, might be an indication that inflation will soon reach its peak, and some commodities could be Read more
Oil prices higher with U.S. crude supplies down a second week
Oil futures gained a little ground Wednesday as Russia moved to curb natural-gas flows to Europe and industry data showed a big drop in U.S. crude and product inventories. Traders Read more
Oil climbs as natural gas eyes highest finish in 7 weeks
Oil futures moved higher Tuesday, while natural gas extended its gains into a third straight session, with prices eyeing their highest finish in seven weeks after Russia said it will Read more
Oil prices move higher to kick off week ahead of Fed meeting
Oil futures moved higher Monday to start the week, with the U.S. benchmark remaining well below the $100-a-barrel threshold. Price action West Texas Intermediate crude for September delivery CL.1, +1.53% Read more
U.S. oil prices settle lower, holding below $100 on signs of a demand slowdown
Oil futures settled lower on Friday, pressured by signs of faltering gasoline demand in the middle of summer driving season, with U.S. prices holding below $100 a barrel but the Read more
Oil futures pull back ahead of U.S. supply data
Oil futures pulled back Wednesday as investors awaited an official read on U.S. petroleum inventories after industry data showed a rise in crude and gasoline stocks. Meanwhile, Russian President Vladimir Read more
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