Russian crude oil production in June exceeded quotas set by the OPEC+ group but the energy ministry pledged on Wednesday to stick to the required output level in July.

Crude Inventories Decline By 3.7 Million Barrels

10:52am, Wednesday, 24'th Jul 2024
Gasoline inventories decreased by 5.5 million barrels, missing analyst expectations.
By RoboForex Analytical Department
The crude oil market is going to continue to see a lot of choppiness from what I see, but we have reached the “measured move” of a head and shoulders in the Brent market, perhaps attracting techni
U.S. crude oil bounced back Wednesday, snapping a three-day losing streak. Falling U.S. inventories and the risks that wildfires in Canada could disrupt production are providing support.
Oil prices rebound as U.S. crude stocks drop 3.9 million barrels. Traders eye EIA report and Canadian wildfires for further price support.
With a 3.9 million barrel drop in U.S. crude stocks, oil prices are nearing $77.40, reflecting market tightening and supply concerns.
Falling U.S. crude inventories caused oil prices to rebound on Wednesday after several days of decline, while expectations for a nearing ceasefire deal in the Middle East kept prices from continuing t
Worries about China's economic outlook serve as an additional bearish catalyst for oil markets.

Crude Oil Levels Fall Below $80

10:31am, Tuesday, 23'rd Jul 2024
David Williams points to key technical levels to watch for crude oil, as it falls below the $80 level. Later, he forecasts what could possibly slow down the 2024 market rally.
The crude oil markets were somewhat quiet in the early hours of Tuesday, as the market continues to see a lot of questions asked of the supply and demand issues, and of course the geopolitical concern
Crude oil futures have dropped to the lowest level since early June, despite escalating tensions between Israel and Houthi militants in Yemen. The oil price risk premium is nearly zero as the market h
Mosman Oil and Gas Ltd (AIM:MSMN) has increased its working interest in the Vecta helium project to 20%. The company acquired an additional 10% interest from Vecta Oil and Gas, issuing shares worth ap
Oil steadies Tuesday. Traders await US inventory data, expecting 2.5M barrel drop.
With Brent crude steady at $82.40, analysts predict possible upward momentum driven by improved market fundamentals and easing geopolitical tensions.
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