Oil prices were up slightly on Friday on stronger-than-expected U.S. economic data that raised investor expectations for increasing crude oil demand from the world's largest energy consumer.
Signs of a bullish reversal in crude oil emerge as it bounces from 77.06, reclaiming key levels and targeting a breakout above 79.45.

Mining Stock Tumbles as Oil Prices Soften

03:17pm, Thursday, 25'th Jul 2024
Newmont Corporation  (NYSE:NEM) stock is down 3.5% to trade at $46.07 at last check, brushing off a second-quarter earnings and revenue beat as gold prices soften.
The strong GDP report provided significant support to oil markets.
The oil markets fell a bit in the early hours of Thursday, as the markets continued to show signs of panic overall. However, the Advance GDP numbers in America were hotter than anticipated, thereby dr
Concerns about China's economy are outweighing the impact of declining U.S. crude inventories. In this article @LCO.1
A tanker carrying 1.4 million liters of industrial fuel capsized off the coast of Philippines, leading to one casualty and a vast oil spill, local authorities said Thursday. Sixteen other crew members
Oil prices drop as traders weigh U.S. inventory draws and China's weak demand. Wildfires in Alberta disrupt major oil production sites, adding uncertainty.
French oil major TotalEnergies reported a 14.6% rise in second-quarter earnings, below analyst expectations, as higher oil prices lifted crude sales and offset weaker refined product and gas sales.
Oil prices dip below $77 amid weak Chinese demand and Middle East ceasefire talks, raising concerns of further market sell-offs.
Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous s
Bank of America analysts have downwardly revised their expectations for oil and gas companies' upcoming second quarter earnings reports.   The analysts wrote in a note to clients that they cut their
The bullish EIA report provided support to oil markets, although traders remained worried about China's economic problems.
Democratic U.S. lawmakers on Wednesday introduced a bill to hold energy companies accountable if they are found by federal regulators to have colluded with the Organization of the Petroleum Exporting

How the 2024 election could impact oil prices

01:00pm, Wednesday, 24'th Jul 2024
Oil prices (BZ=F, CL=F) break out of their three-day losing streak Wednesday morning due to falling US crude supply. Truist Securities energy research managing director Neal Dingmann joins Morning Bri
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