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At Close: Jun 05, 2026

Can Crude Reach Higher than $80?

11:02am, Tuesday, 25'th Jun 2024
Crude could go up to $90 or $91 or higher in the second half of 2024, notes David Williams. He discusses what the $80 level means for crude oil (/CL) traders.
By RoboForex Analytical Department
Crude oil markets pulled back a bit during the early hours on Tuesday, but it looks like we are going to continue to find support just below. Because of this, I think the overall upward trajectory sho
U.S. crude oil is trading just above $81 per barrel as prices have pulled back. West Texas Intermediate and Brent are ahead 5.5% and 4.9%, respectively, for the month.
Oil futures were lower Tuesday morning, consolidating after front-month Brent ended the previous session at a nearly two-month high, buoyed in part by geopolitical worries.
Geopolitical risks, strong US summer demand, and tightening inventories support near-term oil prices despite concerns about China's economic recovery.

HSBC's Williams on Oil Volatility

02:28am, Tuesday, 25'th Jun 2024
Simon Williams, HSBC Chief Economist, CEEMEA, discusses oil volatility due to geopolitics, He speaks with Joumanna Bercetche on Horizons Middle East & Africa. -------- More on Bloomberg Television and
Rising summer demand boosts market optimism as WTI trades at $81.65, suggesting a bullish trend for oil and natural gas.
Oil prices were little changed on Tuesday as worries about China's economic recovery prospects offset supply concerns stemming from tensions in the Middle East and Ukrainian attacks on Russian refiner
Analysts highlight the summer fuel demand surge and predictions of falling global inventories as key factors supporting crude oil gains.
Losses keep piling up in the crypto market as Bitcoin drops below $60,000 and demand for Bitcoin ETFs cools off. James Seyffart of Bloomberg Intelligence is on "Bloomberg Technology.
Africa Oil Corp (TSX:AOI) has struck a deal to buy out its partner in the Prime Oil & Gas venture, which holds the firm's interests in Nigeria. The deal, which sees Prime's part-owners receive Africa
Oil futures edged higher Monday morning, attempting to build on back-to-back weekly gains as crude rebounded from an early June slump that took prices to their lowest since early February.
Jason Gabelman, Vice President at TD Cowen, discusses energy as the worst-performing sector in Q2 and whether a rebound is in store.
A strong dollar and potential high interest rates make oil's short-term outlook bearish but sensitive to geopolitical events.
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