Oil futures fell Tuesday, with concerns about demand from China back in focus after another round of lackluster economic data.
Oil prices drop as weak Chinese demand offsets U.S. supply disruptions. Traders eye OPEC's report and U.S. forecasts for signs of a market reversal.
Concerns about a supply glut in the markets are "completely overplayed," Carlyle's Jeff Currie said at the annual APPEC conference held in Singapore. While China's economy stays sluggish, China's stal
Oil and gas prices face pressure as OPEC+ postpones production increases, while China's demand slowdown drives bearish market sentiment.
Oil was steady in early trade on Tuesday as investors weighed supply disruptions from Tropical Storm Francine and the potential for further output cuts against persistently weak Chinese demand.
The crude oil markets continue to see a lot of noisy behavior, as the markets are trying to determine where we are going to go due to the massive amount of uncertainty in the global economy.
Goldman Sachs expects OPEC+ to start increasing production in December, and forecasts that Brent will trade in a range of $70 to $85 per barrel.
Big oil giants Chevron Corp CVX and Exxon Mobil Corp XOM moved up slightly in the pre-market session Monday in a bid to recover from last week's losses. Both enterprises – particularly the former �
Oil futures rose Monday, bouncing after last week's rout, as investors tracked a storm that's seen potentially strengthening into a hurricane and threatening the U.S. Gulf Coast later this week.
Morgan Stanley on Monday cut its Brent crude oil forecasts for coming quarters and said the global oil market is facing a period of demand weakness similar to those seen during recessions.
Crude oil prices rebound more than 1% after last week's 8% drop, as traders eye key support at $66.66 and Gulf Coast storm threatens U.S. refining capacity.
Jeff Currie, chief strategy officer of Carlyle Group's Energy Pathways and a veteran commodities analyst, discusses the falling price of oil and its significance for the global economy. Speaking on Bl
Johannes Benigni, chairman of JBC Energy Group, discusses the OPEC+ output hike delay.
Natural Gas and Oil Forecast: WTI tests key resistance at $70 amid global demand concerns and weaker labor data. Will oil prices break out or correct further?
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