Oil settles near 7-week lows, focus shifts to economy
Oil prices settled on Thursday near their lowest level in seven-weeks, narrowly mixed and under pressure from weaker global demand, rising inventories and fading hopes for a quick cut in U.S. interest rates.
Closing prices for crude oil, gold and other commodities
Gold for June delivery fell $1.40 to $2,309.60 per ounce. Silver for July delivery rose 8 cents to $26.83 per ounce, and July copper fell 7 cents to $4.48 per pound. The dollar fell to 153.10 yen from 157.15 Japanese yen. The euro rose to $1.0730 from $1.0728.
Oil prices bounce after crude sees biggest drop since early January
Oil futures rose early Thursday, attempting to bounce back a day after data showing a jump in U.S. crude inventories sparked the steepest one-day selloff since early January.Price moves West Texas Intermediate crude for June delivery was up 60 cents,
Oil prices rebound after closing at seven-week low
Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since mid-March. Brent crude futures for July gained 58 cents, or 0.7%, to $84.02 a barrel by 1130 GMT.
U.S. crude oil bounces after hitting seven-week low on surging U.S. inventories
U.S. crude oil is hovering above $79 a barrel after selling off Wednesday on surging inventories. While economic hopes are fading, the current outlook all but ensures OPEC+ will not roll back its production cuts at the next meeting on June 1,
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Crude Oil Price Forecast – Oil Continues to Look For Buyers
The crude oil market in the West Texas Intermediate grade bounced a bit during the early hours on Thursday as we are trying to hang on to the 200 day EMA. Crude oil has been absolutely crushed ...
Crude oil prices today: WTI prices are up 10.38% YTD
WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of ...
Oil slides to 7-week low as demand weakens, rates stay high
Oil prices fell to a seven-week low for the second consecutive session on Thursday, weighed by weakening global demand, ...
EOG Resources Beats First-Quarter Profit Estimates on Higher Oil Production
(Reuters) - EOG Resources beat first-quarter profit estimates on Thursday as the oil and gas firm benefited from higher oil ...
3 Energy Dividend Stocks That Will Thrive at $100 per Barrel Crude Oil
This integrated major, oilfield services leader, and exploration and production company all benefit from higher oil prices.
Venezuelan oil exports fall on US sanctions, lower sales to Asia
Venezuelan oil exports declined 38% in April after tanker owners and customers pulled several vessels waiting to load out of ...
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Asian Oil Imports Dropped in April
Asian crude oil imports fell in April from March, according to estimates by LSEG Oil Research, suggesting sluggish growth in Asia’s crude purchases so far this year.
UAE’s Oil Giant Raises Capacity Numbers Ahead of OPEC Meeting
The United Arab Emirates’s main oil company said it had bolstered its production capacity, a month before the country meets ...
Crude Oil Futures Mixed as Rebound Loses Momentum
Oil futures struggle to recover from the previous session's selloff, with Brent edging higher and WTI ending the day lower. Friday's payrolls report "will likely determine how the complex finishes ...