NYSE:BNO

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$53.94
+1.05 (+1.99%)
At Close: Jun 03, 2026
Inflation data on Tuesday could influence views on interest rates, which has implications for oil prices.
Oil prices fell in early Asian trade on Tuesday after the U.S. government said it will release more crude from its Strategic Petroleum Reserve (SPR) and on other reports that more supply is coming int

Why Oil Is Headed Higher

08:18pm, Monday, 13'th Feb 2023
Russia cuts production again, tensions are escalating in Ukraine, why Louis Navellier sees $100-per-barrel oil on the way, get ready for a broiling summer
Oil futures climbed Monday, with U.S. prices settling at their highest in more than two weeks. Traders weighed Russia's plan to cut its oil output by 500,000 barrels per day in March and awaited Tuesd
Oil bulls reduce their risks ahead of U.S. inflation reports, which will be released tomorrow.
The crude oil markets initially pulled back just a bit during the trading session on Monday, but then turned around to continue its grind higher.

Oil edges lower after last week's big bounce

07:41am, Monday, 13'th Feb 2023
Oil futures ticked lower early Monday, edging down after last week's sizable bounce as investors weigh the outlook for global demand and await U.S. inflation data.
WTI and Brent crude traders are lightening up on long positions ahead of Tuesday's major U.S. Consumer Price Index (CPI) report.
Prices slipped about 1% in early trading Monday. The Federal Reserve's aggressive campaign of raising interest rates over the past year has dampened prospects for energy demand this year.
Oil prices eased on Monday after rising 2% in the previous session as investors shrugged off the impact of Russian output cuts, instead focusing on short-term demand concerns stemming from refinery ma
Despite war in Ukraine and a variety of other complicating factors, the global oil and gas industry finds itself in a remarkably stable price and demand environment. It is a situation that mitigates a

Oil futures gain nearly 9% for the week

02:57pm, Friday, 10'th Feb 2023
Oil futures tallied a weekly gain, finding support Friday from Russia's plan to cut its oil output by 500,000 barrels per day in March after Western nations implemented price caps on its crude and cru
Crude oil markets have rallied during the week, as we continue to trade in the same range, we have been in for the last several months.
WTI oil is trying to settle above the $80 level, while Brent oil climbed back above $86.
Crude oil markets have rallied a bit during the trading session on Friday, as we have seen a lot of momentum, but at this point we are still within a trading range.
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