Oil prices were climbing on Friday after China eased some COVID-19 restrictions, with support for the commodity also stemming from relief surrounding U.S. inflation data that weighed on the dollar. Read more
Tag: CLZ22
Oil weakens as investors assess China demand outlook
Oil futures lost ground Tuesday as investors remained uncertain about the outlook for crude demand from China. Price action West Texas Intermediate crude for December delivery CL00, -1.02% CL.1, -1.02% Read more
Oil ticks lower as hopes fade for China’s relaxation of COVID restrictions
Oil futures ticked lower early Monday, with weakness tied in part to fading hopes China would relax curbs aimed at curtailing the spread of COVID-19. Price action West Texas Intermediate Read more
U.S. oil benchmark tops $90 a barrel on China reopening hopes
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
‘Extraordinarily low’ U.S. diesel supplies keep prices for the fuel high at the pump
Gasoline prices have started to hit the brakes, but it has been full steam ahead for diesel, with U.S. supplies of the fuel used in freight transportation and agriculture dropping Read more
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
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