NYSE:BNO

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$52.48
-1.46 (-2.71%)
At Close: Jun 04, 2026
Crude oil markets have been very quiet during the trading session on Friday, as traders continue to struggle with the 50-Day EMA.

Oil prices on track for weekly gains

08:00am, Friday, 07'th Jul 2023
Oil futures were slightly higher Friday, on track for weekly gains after data showed further declines in U.S. crude and product inventories this week.
Commerzbank on Friday cut its 2023 and 2024 oil price forecasts, reflecting pessimism in the market over the economic outlook despite supply cuts from key producers that could contribute to a deficit.
WTI crude oil prices set for 2nd weekly gain on robust demand, significant US inventory drop, and OPEC's output cuts, signaling a bullish outlook.
Oil prices were largely unchanged on Friday, but set to post weekly gains, as fears of higher U.S. interest rates that could dampen energy demand were offset by signs of tighter supply after a larger-

Top Calls: Fuel Demand's Impact on Oil Stocks

06:46pm, Thursday, 06'th Jul 2023
Stewart Glickman, CFRA Deputy Research Director and Head of Energy Research, joins Romaine Bostick to discuss the big movers on the back of analyst recommendations on Bloomberg Markets: The Close.
U.S. oil futures gave up their early Thursday losses to settle almost unchanged for the session. Prices found some support following a report from the Energy Information Administration showing a third
The EIA report provided significant support to oil markets.
Ed Morse, Citi's global head of commodities, joins 'Squawk on the Street' to discuss the outlook for oil prices in the second half of the year, oil demand growth related to China's reopening, and the
U.S. crude stocks drew more than expected on strong refining demand, while gasoline inventories posted a large draw after an increase in driving last week, the Energy Information Administration said o
The crude oil markets have been somewhat stagnant during the trading session on Thursday, as it looks like the 50-Day EMA is going to cause resistance yet again.
Top oil exporter Saudi Arabia has raised the prices for most its crude oil to Asian customers in August for a second month, following its announcement of prolonging an extra output cut on top of a bro

Oil prices edge higher as traders eye inventories

07:50am, Thursday, 06'th Jul 2023
Oil futures edged higher Thursday, finding support as investors weighed industry data that showed a drop in U.S. crude inventories ahead of an official reading.
Sluggish Chinese demand, caused by slow services activity expansion, overshadow Saudi supply curb, causing WTI crude oil prices to slip.
Oil prices moved little in early Asian trade on Thursday as the prospect of tighter supply with output cuts from Saudi Arabia and Russia and a bigger-than-expected drop in U.S. crude stocks were offse
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