A double bottom pattern at $71.40 suggests WTI Crude Oil could be poised for a significant price rebound in the near term.
Daan Struyven, Head of Oil Research at Goldman Sachs, explains structural issues that he sees weighing on Chinese demand for oil, and why that's more concerning than slowdowns in US or elsewhere.
DUBAI, United Arab Emirates — A Greek-flagged oil tanker traveling through the Red Sea came under repeated attack Wednesday, leaving the vessel “not under command” and drifting ablaze after an a
A sharp sell-off in crude oil paused on Thursday after expectations of a rate cut by the Federal Reserve offset a bunch of weak economic data from the world's two largest economies, the United States
Oil markets remain under strong pressure.

Market Navigator: Playing crude oil with futures

03:00pm, Wednesday, 21'st Aug 2024
Scott Nations, Nations Indexes President, joins 'Power Lunch' to discuss playing crude oil to the upside.
John Kilduff, Again Capital founding partner, joins 'Squawk on the Street' to discuss the balance in oil prices between geopolitics and waning demand in China, what scares Kilduff to the hawkish outlo

Crude Inventories Declined By 4.6 Million Barrels

10:55am, Wednesday, 21'st Aug 2024
Gasoline inventories decreased by 1.6 million barrels from the previous week.

Oil prices steady after 3-day losing streak

07:55am, Wednesday, 21'st Aug 2024
Oil futures hovered near unchanged Wednesday morning, consolidating as investors awaited official data on U.S. crude inventories after a three-day losing streak that took crude to two-week lows.
U.S. crude exports set to plateau in 2024, signaling potential price pressures as global demand, especially from China, slows.
Charles Chang of S&P Global Ratings outlines the factors to keep in mind.
With WTI hovering at $73, the market faces uncertainty. Is a deeper downtrend ahead, or could a rebound be on the horizon?
Carole Nakhle, founder and director of Crystol Energy consultancy, discusses geopolitics and how it relates to the oil market outlook.
Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing following a tour of the region by mediators.
Crude oil's bearish retracement found support at $73.87. A reversal is possible, targeting $81.96, if lower resistance levels are overcome.
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