NYSE:BNO

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$51.20
-1.28 (-2.44%)
At Close: Jun 05, 2026
The Investment Committee debate the energy sector as oil hits $80 a barrel.
Oil markets are swinging between gains and losses as some traders are taking profits off the table near multi-week highs.

Crude Inventories Decline By 2.5 Million Barrels

11:16am, Thursday, 20'th Jun 2024
Gasoline inventories decreased by 2.3 million barrels from the previous week.
The crude oil markets rallied slightly during the early hours on Thursday as it looks like we are building a bit of a base for the next swing higher. At this point in time, I remain bullish on this ma
West Texas Intermediate is on pace for a second consecutive weekly gain. JPMorgan is forecasting Brent will hit $90 by September on summer fuel demand.
Oil futures were little changed early Thursday, hovering near their highest since late April, as U.S. traders returned from a midweek holiday break and awaited official data on inventories.
Environmental protestors said the Supreme Court ruling over the Horse Hill oil wells is a "watershed moment" for the fossil fuel industry, said lawyer Friends of the Earth, making it harder for new f
In a ruling that could prevent other new UK fossil fuel developments from going ahead, the Supreme Court has ruled that a local council wrongly ignored the impact of future emissions. Emissions create
The short-term outlook for crude oil is neutral to slightly bullish, contingent on inventory data and geopolitical developments.
With WTI nearing $81.50, the unexpected rise in U.S. crude inventories fuels concerns about ongoing sell-off pressure in the oil market.
Jean-Michel Saliba of BofA Global Research says U.S.-Saudi relations have been around for many years, and "it's not only about economics, there's very deep political ties."
Oil traders take some profits off the table near multi-week highs.
The oil market has been somewhat quiet during the Wednesday holiday in the United States, but it has shown signs of rallying higher, and breaking out. This is probably a sign that you should be paying
Given the current geopolitical tensions and the supportive demand outlook from OPEC, oil prices are likely to remain well-supported in the near term.
Oil prices remain steady as U.S. crude stocks unexpectedly rise by 2.2 million barrels, highlighting supply concerns amidst global conflicts.
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