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
Tag: Heating Oil Nov 2022
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
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
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
Why you can’t count on another SPR oil release to cut gasoline prices at the pump
Speculation that the Biden administration will soon announce the release of more oil from the U.S. Strategic Petroleum Reserve put pressure on oil prices Tuesday, but analysts don’t expect such 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
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