NYSE:BNO

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At Close: Jun 08, 2026
Crude oil futures edge higher as traders focus on the 200-day MA; OPEC output plans and U.S.-China trade talks steer near-term oil prices forecast.

An Oil Slump Could Take Prices Into $40 Range

06:05am, Monday, 09'th Jun 2025
The projection comes after oil had its best week of the year.
Natural gas holds firm above $3.70 while WTI and Brent retreat from highs amid strong U.S. jobs data and rising geopolitical supply risks.
Sushant Gupta, Research Director, APAC Refining & Oils from Wood Mackenzie joins CNBC's Dan Murphy on Access Middle East to discuss the demand and direction of oil.
Claudio Galimberti, Chief Economist & Global Director of Market Analysis at Rystad Energy, shares his view on the oil market and adds that the "litmus test" for global oil demand would be the OPEC+ me
Oil prices held on to last week's gains early on Monday as investors waited for U.S.-China trade talks to be held in London later in the day.
U.S. – China trade negotiations provide additional support to oil markets.
Drillers are packing up their gear, and investors should be paying attention, especially those invested in oil stocks.
The crude oil market continues to see a lot of noisy behavior, as the Non-Farm Payroll announcement came out hotter than anticipated, and since the crude oil market higher due to the idea of anticipat
OPEC+ production gains pressure U.S. crude exports, weakening light sweet oil demand and adding bearish weight to the current crude oil outlook.
Rising OPEC+ supplies and new streams of oil coming online globally are increasing options for European and Asian refiners and weighing on export demand for light sweet U.S. crude, contributing to low
WTI crude rises 4% as demand and geopolitical tensions lift sentiment, but resistance at $63.86 and weak Asia demand cap gains.
Oil prices slipped on Friday but were on track for their first weekly gain in three weeks after U.S. President Donald Trump and China's Xi Jinping resumed trade talks, raising hopes for growth and str
Oil prices are defying the odds right now, rising despite a near-certainty that the oil market will be oversupplied in a matter of weeks. Absent a geopolitical shock like an escalation between the U.S
Multiple bullish patterns are forming in crude oil, with a decisive move above $64.67 likely triggering an advance toward key Fibonacci and ABCD targets.
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