Oil futures rose Friday, lifted by the prospect of a production cut by the Organization of the Petroleum Exporting Countries and their allies next week. However, crude was still set Read more
Tag: RBV22
Oil traders caught between stronger dollar, OPEC+ expectations
Oil futures saw small gains Thursday, with pressure from a renewed rise by the U.S. dollar offset by prospects for a production cut by the Organization of the Petroleum Exporting Read more
Oil edges higher as Hurricane Ian forces production cuts
Oil futures moved modestly higher Wednesday after Hurricane Ian forced temporary production cuts in the Gulf of Mexico. Price action West Texas Intermediate crude for November delivery CL.1, +0.60% CL00, Read more
Oil bounces off 8-month low as Hurricane Ian curbs Gulf production
Oil futures bounced off eight-month lows Tuesday, finding support as Hurricane Ian led to the shutdown of some platforms in the Gulf of Mexico and as a dollar rally takes Read more
U.S. oil prices drop over 5% to their lowest since January on recession fears
Oil prices dropped sharply Friday, with U.S. crude down more than 5% to their lowest since January, as recession fears gripped financial markets, sinking equities and government bonds, while contributing Read more
Oil prices sink over 3% on recession fears
Oil futures dropped sharply Friday morning as recession fears gripped financial markets, sinking equities and government bonds, while contributing to a further rise by the U.S. dollar. Price action West Read more
Oil prices boosted by supply worries, China demand
Oil futures got a lift early Thursday, finding support on concerns that Russia’s escalation of its invasion of Ukraine could further crimp energy flows, as well as the prospect of Read more
Oil prices climb after Putin announces partial draft and as Fed decision looms
Oil prices climbed on Wednesday, after Russian President Vladimir Putin announced a partial draft of citizens, in a sign that the seven-month war in Ukraine may be escalating the pressure Read more
Oil prices mixed ahead of Fed meeting
Oil futures were mixed Tuesday as the Federal Reserve prepared to kick off a two-day policy meeting that’s expected to result in another supersize rate increase. Price action West Texas Read more
Global oil benchmark falls back below $90 a barrel as recession fears, dollar strength take toll
Oil futures traded lower Monday, after a third straight losing week, as investors await a Federal Reserve decision that’s expected to deliver another jumbo rate hike. Price action West Texas Read more