Oil futures traded higher Tuesday, finding support on signs China might ease up on COVID-19 restrictions following a wave of protests that sent crude prices tumbling in the previous session. Read more
Tag: RBOB Gasoline Dec 2022
U.S. oil price erases 2022 gain as China protests stoke demand fears
Oil futures fell sharply Monday, with the U.S. benchmark wiping out what remained of this year’s big gain, as protests over China’s strict COVID-19 restrictions stoked worries over demand for Read more
Oil prices jump after China eases some COVID-19 restrictions
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
Oil prices mark first gain in 4 sessions as a modest slowdown in U.S. inflation helps weaken the dollar
Oil futures ended higher on Thursday for the first time in four sessions, as U.S. data revealed signs of easing inflation, prompting a pullback in the dollar and raising the Read more
Oil prices on track to fall for third session as traders await U.S. inventory report
Oil futures sold off again on Wednesday, on track for a third day in the red, as fears about waning demand in China continued to weigh on prices. Price action Read more
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
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