Crude oil prices have been falling, making lower highs, since this year’s April 2024 high. The U.S. election has changed the oil market’s dynamics.
Oil prices (UCO) continued to decline on Tuesday, extending losses from the previous session after reports indicated that Israel might refrain from targeting Iran’s oil infrastructure. West Texas Intermediate...
Crude oil remains the energy commodity that powers the world despite the increasing initiatives to combat climate change. Crude oil prices have been trending lower, but the geopolitical landscape and questions...
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 (USO) edged higher on Wednesday, despite a surprise increase in U.S. gasoline supplies, as investors remained concerned about the potential expansion of the Gaza conflict disrupting crude supplies...
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...
Oil futures (USO) reduced their weekly losses after OPEC+ members reiterated that their plan to increase supply is conditional on market conditions. Brent crude futures were trading near $80 a barrel,...
Oil prices advanced as geopolitical tensions flared in the Middle East, with reports of Israeli tanks reaching the center of Rafah in Gaza and a vessel attack in the Red Sea. Brent crude traded above $83...
Oil prices (USO) rebounded on Wednesday after government data revealed a decline in U.S. stockpiles, signaling a tighter physical market. West Texas Intermediate (WTI) settled near $79 a barrel after crude...
The oil market is bracing for a surge in prices following Iran's recent drone and missile attack on Israel, the first such direct assault on Israeli soil, which has escalated tensions in the Middle East...