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At Close: Jun 05, 2026
OPEC oil output rises in July on Saudi rebound, survey finds
09:14am, Friday, 02'nd Aug 2024
OPEC oil output rose in July, a Reuters survey found on Friday, as a rebound in Saudi Arabian supply and small increases elsewhere offset the impact of ongoing voluntary supply cuts by other members a
Oil prices on track for 4th straight weekly decline on worries over demand
07:47am, Friday, 02'nd Aug 2024
Oil futures rose Friday, but remained on track for a fourth straight weekly decline as worries about the demand outlook in both China and the U.S. overshadowed fears of a wider Middle Eastern conflict
Exxon Mobil boasts of oil production as Q2 results beat analyst estimates
06:51am, Friday, 02'nd Aug 2024
Exxon Mobil Corp.'s stock XOM, -1.38% rose fractionally in premarket trading on Friday after the oil giant said its second-quarter profit rose 17% and topped analyst estimates. Exxon reported second-q
Oil Heads for Fourth Straight Weekly Decline
06:18am, Friday, 02'nd Aug 2024
Oil is set for its longest run of weekly losses since December as demand concerns linger in China and OPEC+ prepares to start boosting production next quarter. Will Kennedy reports on Bloomberg Televi
Oil News: Crude Prices Rebound but Bearish Trends Persist Amid Mixed Signals
06:02am, Friday, 02'nd Aug 2024
Oil prices rebound amid mixed economic signals, with support at $75.77 and resistance at $77.96. Read our analysis on the market trends and future outlook.
UK OIl and Gas get backing from RWE for hydrogen storage scheme
03:36am, Friday, 02'nd Aug 2024
UK Oil & Gas PLC (AIM:UKOG) jumped another 23% as its Dorset and Yorkshire underground hydrogen storage project a letter of support from 'big five' UK energy supplier RWE (ETR:RWE). Germnay-based RWE
Natural Gas and Oil Forecast: NG Falls Below $2, Brace for Sell-off!
02:03am, Friday, 02'nd Aug 2024
Natural gas drops below $2, signaling potential market volatility. As oil prices face continued pressure, traders should prepare for possible further declines.
Rising oil prices will prompt a return to EVs: Analyst
02:00am, Friday, 02'nd Aug 2024
Michele Schneider of Marketgauge.com says markets should be focusing on "small-caps, gold and tech" right now, and adds that 2025 will be the year of EVs.
Oil set to fall for fourth week as demand concerns weigh on sentiment
09:11pm, Thursday, 01'st Aug 2024
Oil prices rose on Friday but were set for a fourth weekly decline as signs of disappointing global fuel demand growth outweighed fears of supply disruptions in the key Middle East production region.
Crude Oil Price Forecast: Faces Resistance Near 50-Day Moving Average
04:52pm, Thursday, 01'st Aug 2024
Resistance at 79.67 halts crude oil rally; a bullish breakout depends on overcoming the 50-Day MA and key resistance levels amid a large symmetrical triangle formation.
MBF's Clearing's Mark Fisher says this moment will be the bottom of the energy trade
04:18pm, Thursday, 01'st Aug 2024
Mark Fisher, MBF Clearing Corporation founder and Joe Terranova, Virtus, join 'Closing Bell' to discuss the energy trade.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 2.7% As Traders Focus On Supply/Demand Balance
02:36pm, Thursday, 01'st Aug 2024
Oil traders believe that escalation in the Middle East will not hurt oil supplies.
Five former Glencore employees charged with bribery over awarding of African oil contracts
10:59am, Thursday, 01'st Aug 2024
Five ex-Glencore PLC employees have been charged with corruption by the the UK Serious Fraud Office (SFO). Alex Beard, the billionaire former head of oil at Glencore, was one of those charged by the
Crude Oil Price Forecast – Crude Oil Stabilizes in Digestion of Recent Gains
10:46am, Thursday, 01'st Aug 2024
Crude oil continues to see a lot of noisy behavior, as we have recently exploded to the upside. At this point, it looks like we are trying to digest a lot of those gains and stabilize a bit.
U.S. crude oil breaks $78 per barrel as fears of war between Iran and Israel grow
08:27am, Thursday, 01'st Aug 2024
Crude oil futures extended a rally as Iran has vowed to avenge the assassination of a top Hamas leader in Tehran. Iran has ordered a direct strike against Israel, according to the New York Times.
