It’s going to be hard to generate demand out of thin air so we expect prices to remain under pressure this week ... looking at selling a rally. I don’t think we’ll form a meaningful bottom ...
Although demand is expected to be soft, traders have maintained a steady “buy the dip” mentality while betting on an economic recovery. U.S. West Texas Intermediate and international-benchmark ...
Oil futures declined on Wednesday for a third straight session, with prices falling to their lowest in three weeks.
and the fact traders are net-short suggests Oil - US Crude prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and ...
Crude oil prices ... fundamental environment in the near-term, the narrative may soon begin to shift as traders look towards next year. Saudi energy minister Prince Abdulaziz said that 2022 was ...
The WTI crude oil market had initially tried to rally during the trading session on Tuesday but has turned right back around. At this point, it seems like crude oil is just going to continue to move ...
Oil prices slipped nearly 3% on Wednesday, pressured by a rise in U.S. commercial inventories rose, weaker economic data from ...
WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of ...
Crude futures finish higher on Friday, but posted a loss for the week. The risk of an Iranian attack on Israel led prices for ...
Oil prices declined in early trading on Wednesday, influenced by concerns over global demand triggered by economic stagnation in China and a potential increase in U.S. commercial oil stockpiles.
In its latest monthly assessment, the IEA raised last week ... oil traders see demand growth at around 1.5 million bpd this year, and some have pushed back their peak oil demand forecast to ...
sees oil demand growth forecast at 2.2 million bpd. This is a huge gap, leaving analysts and traders guessing as to which forecast will be the closest to reality. The EIA is sandwiched in the ...