NYSE:BNO

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At Close: Jun 08, 2026
Bearish momentum dominates as natural gas hovers below key pivot levels. Could upcoming OPEC+ decisions reverse the trend?

Oil Edges Higher, Markets Eye OPEC+ Meeting

09:56pm, Wednesday, 04'th Dec 2024
Oil edged higher in the Asian session, trading in a tight range.
Oil prices rose on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring tension in the Middle E
Demand worries put pressure on oil markets.
The oil markets continue to see a lot of sideways momentum, as we are looking to find a way to move in one direction or another. Ultiamtely, we will have to make a decision on directionality, but in t

U.S. Crude Oil Stockpiles Fall More Than Expected

11:09am, Wednesday, 04'th Dec 2024
U.S. crude oil inventories fell more than expected last week and product stocks saw a buildup as refineries ramped up their capacity use.
Oil futures rose slightly on Wednesday, finding support as investors look ahead to a meeting of the Organization of the Petroleum Exporting Countries and its allies this week that's expected to furthe
OPEC+ to extend output cuts to Q1 2025 as crude steadies above 50-day average. China stimulus and U.S. Fed moves key to demand.
On the evening of January 26, Captain Avhilash Rawat had just finished dinner when an anti-ship ballistic missile smashed into his oil tanker, the Marlin Luanda, off the coast of Yemen. 10 months late
WTI crude steadies at $70 as inventory surprises and geopolitical tensions fuel market uncertainty. Will the rally hold?

Oil Prices Steady; OPEC+ Meeting in Focus

09:22pm, Tuesday, 03'rd Dec 2024
Oil futures were steady in early Asian trade as market participants await the outcome of an OPEC+ meeting later this week.
Oil prices were little changed in early Asia trade on Wednesday as market participants weighed higher U.S. crude oil and fuel inventories as well as the likelihood of OPEC+ extending supply cuts.
Israel accuses Hezbollah of ignoring the truce agreement, which is bullish for oil markets.
OPEC oil output rose for a second month in November as Libya's production recovered after resolution of a political crisis, a Reuters survey found, though members making cuts pledged to the wider OPEC
The crude oil market continues to see a lot of motion back and forth, but nothing of substance. At this point in time, the market is looking for some reason to get moving in one direction or another.
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