The crude oil market continues to see a bit of support just below, and Thursday was no different. This is a market that will continue to be erratic, but as we are near the bottom of the two year range
Oil futures were on track to end a rocky October on a positive note.
Oil prices rise on strong U.S. fuel demand and possible OPEC+ output delay, with key technical levels signaling potential gains for crude.
The British oil major beat forecasts in posting a 4% drop in its third-quarter profits to $6 billion in the face of a global slump in the market for refined products including diesel, jet fuel and gas
Canadian Natural Resources posted a drop in third-quarter profit on Thursday, as the energy producer took a hit from a decline in production and lower crude prices.
Shell PLC (LSE:SHEL, NYSE:SHEL) unveiled a smaller decline in third-quarter profits than expected and announced a repeat of the same dividend and $3.5 billion share buyback from previous quarters. T
British oil giant Shell on Thursday posted stronger-than-expected third-quarter profit, partly owing to a sharp drop in crude prices.
OPEC+ may delay planned output hikes, fueling a bullish sentiment in natural gas and oil markets as demand shows signs of strength.

Oil Rises Amid Middle East Tensions

09:26pm, Wednesday, 30'th Oct 2024
Oil rose in early Asian trade. Prices were significantly affected by recent geopolitical tensions in Israel and Lebanon, says Rania Gule, analyst at XS.com.
Oil is supported by a surprise drop in US stockpiles, while natural gas is consolidating within a triangle formation pattern.
Oil prices rose on Thursday, extending the previous day's rally, driven by optimism over U.S. fuel demand following an unexpected drop in crude and gasoline inventories, while reports that OPEC+ may d
The EIA report provided additional support to oil markets.

U.S. Crude Oil Inventories Post Moderate Decline

11:07am, Wednesday, 30'th Oct 2024
Oil stockpiles decreased last week as production held steady and imports fell. Analysts had predicted an increase.
The crude oil market continues to see a lot of noisy action, near the bottom of the two year range that we have been in. This is a market that will continue to see a lot of questions asked about the s

Crude Inventories Declined By 0.5 Million Barrels

10:42am, Wednesday, 30'th Oct 2024
Gasoline inventories decreased by 2.7 million barrels from the previous week.
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