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.
Crude oil prices have ground lower in a highly volatile way since peaking in April 2024. Contributing to this volatility are the upcoming election, the Israel/Iran conflict, and Opec + flip-flopping from...
Oil prices could deliver a potential rally in the coming months, sparked by Fed rate cuts and a new cycle, with analysts seeing double-digit upside ahead
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...
Global central banks have started cutting rates lately. On Sept. 18, 2024, the Federal Reserve implemented its first interest rate cut in four years, reducing the benchmark rate by half a percentage point...
Gasoline prices typically fall in the autumn and early winter as demand decreases and gasoline retailers switch to cheaper winter-blend fuels. Additionally, Americans take fewer trips during this period,...
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...