U.S. trade adviser Peter Navarro slammed India for buying discounted Russian oil and selling refined fuel at a premium, calling it profiteering. He also criticized Prime Minister Modi, saying it was �
Oil and natural gas prices are stabilizing as WTI consolidates on trade and geopolitical tensions, natural gas rebounds from key support with bullish patterns, and a weakening US dollar supports the b
Oil prices rose in early Asia trade on Tuesday as concerns about supply disruptions grew amid an escalation of the conflict between Russia and Ukraine.
The encouraging Manufacturing PMI report from China provided additional support to oil markets.
The oil markets continue to see a bit of consolidation, as we are likely to see a bit of noise due to the fact that it is Labor Day in the United States, and therefore volume will have been a bit lack
Positioning flipped but price barely moved: after stretched bearish bets two weeks ago, WTI added ~0.50% last week amid strong post-London Thursday trade; heavy sellers were lifted around the $63s, re
Crude oil edges higher in thin trade as WTI tests 50-day average. A breakout could support a bullish oil outlook despite rising supply concerns.
Natural gas and oil prices face pressure as OPEC+ supply, weaker demand, and geopolitical tensions shape a volatile market outlook this week.
Crude holds above 52-week support at 63.35 as traders await OPEC+ output signals and monitor Russian exports, U.S. inventories, and demand trends.
Crude oil gains capped by 50-day average as traders eye OPEC+ output, weak demand, and key resistance levels in a bearish near-term oil outlook.
Oil traders focus on the end of the summer driving season.
The crude oil market has been a bit neutral overall this week, although it has been choppy to say the least. Ultimately, we have to get through a lot of supply at the moment in order to see massive mo
Mexico's President Claudia Sheinbaum has a recovery plan aimed at getting Pemex off the state dole and adding 200,000 barrels of output. Some analysts are skeptical.
U.S. crude oil production hit a record high in June, the Energy Information Administration said on Friday, rising 133,000 barrels per day to 13.58 million bpd.
The oil markets have risen slightly in the early hours of the Friday session, as we are trying to sort out whether or not we can jump higher and start building a wider consolidation range.
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