Jeff Currie, Carlyle Group chief strategy officer of energy pathways, joins 'Closing Bell Overtime' to talk how to play the energy trade in the second half of 2024.
Priced at a risk premium ahead of Hurricane Beryl, but that needed to be removed to account for the lack of significant damage to Texas' oil infrastructure, notes Carley Garner. She and Tyler Richey d
Falling U.S. crude oil inventories provided support to oil markets.

A Bearish Outlook for Oil

11:58am, Wednesday, 10'th Jul 2024
4Q24 and 4Q25 surpluses create a risk of a large price correction, notes Vikas Dwivedi. He discusses a bearish outlook for oil.
Domestic oil production increased from 13.2 million bpd to 13.3 million bpd.
Tamar Essner says summer months are typically strong for crude oil demand, and sees prices supported in the $80's. #crudeoil #oil #energy #commodities #gasoline #crude #prices #pump #fuel ======== Sch
The crude oil bounced just a bit in the early hours on Wednesday, as we continue to look for buyers. At this point in time, it is getting to be a market that is trying to form a floor.
OPEC revised its global economic growth forecast for 2024 slightly higher to 2.9%. The cartel maintained its oil demand growth forecast of 2.2 million barrels per day for this year.
The Organization of the Petroleum Exporting Countries (OPEC) kept its 2024 and 2025 global oil demand growth forecasts unchanged at 2.25 million barrels per day (bpd) and 1.85 million bpd, respectivel
The short-term outlook for oil prices appears cautiously bullish as persistent withdrawals from global stockpiles contribute to tightening supply.
Oil and NG price have dipped below the 200 EMA, signaling potential further declines. Investors should prepare for more selling pressure in the coming days.
Oil prices rebounded on Wednesday following three days of declines after an industry report showed U.S. crude and fuel stockpiles fell last week, indicating steady demand, and the outlook for interest
Testing key support at the 20-Day MA, crude oil could see a bullish breakout if the line holds and strength returns.
Oil prices test new lows as traders stay focused on the developments in the Middle East.
A decline in margins has weighed on refining stocks
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