Wall Street delivered a muted performance last week with the S&P 500 gaining 0.2%, the Dow Jones adding 0.1% and the Nasdaq advancing 0.1%. Escalating tensions in the Middle East, lukewarm U.S. manufacturing...
After a solid third quarter, the U.S. stock market is now in the middle of a vicious circle of woes at the start of the new quarter. The tensions in the Middle East have intensified following Iran's launch...
The OPEC+ alliance is once again intensifying efforts to ensure member compliance with its agreed oil production cuts, continuing a three-pronged strategy that includes formal and voluntary output reductions.Two...
Oil prices have been under pressure lately. The WTI crude ETF USO and the Brent crude ETF BNO are down about 10% and 9.5%, respectively, past month. In its monthly report, the Organization of the Petroleum...
Oil prices remained under pressure lately with the WTI crude exchange-traded fund (ETF) United States Oil Fund LP USO losing about 5.3% past week. The ETF slumped more than 3% on Tuesday. United States...
Nearby NYMEX crude oil prices reached a 2024 high in mid-April. After falling to an early June low, prices recovered to a lower high in early July, where they ran out of upside steam. As the fall and winter...
Oil prices climbed, building on their biggest weekly advance since early April and extending a short-covering rally as traders bet on summer driving season. West Texas Intermediate (WTI) traded above $79...
After declining in 2023, crude oil prices rallied in Q1 2024 and have edged even higher in the early days of Q2. Crude oil remains the energy commodity that powers the world, and the price prospects over...
NYMEX WTI and ICE Brent crude oil prices have made higher lows and higher highs since the mid-December 2023 lows. The trend is always your best friend in markets across all asset classes until it bends....
Crude oil prices have been highly volatile. Winter is an off-season for crude oil because gasoline demand declines as drivers put less mileage on automobiles. Meanwhile, the geopolitical landscape and...