Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible U.S. inte
Oil prices are supported by strong demand during the summer driving season.
Oil prices (BZ=F, CL=F) move a notch higher Monday ahead of the July Fourth weekend and the broader summer driving season. Could geopolitical tensions in the Middle East and seasonal factors push crud
Oil futures edged higher in Monday dealings, building on a solid June gain as investors weighed the outlook for summer demand and a fifth consecutive drop in the number of active U.S. oil-drilling rig
The crude oil market continues to see a lot of upward pressure, albeit gradual. This is a market that essentially is a market that is based on the idea of increasing demand over the summer.
U.S. crude oil rose above $82 per barrel as prices have gained ahead of the Fourth of July. Though oil prices have risen, the average price for a gallon of gasoline stands at $3.49 nationwide, down ab
UK Oil & Gas PLC (AIM:UKOG) is spearheading a project to create large hydrogen storage caverns under Britain's former naval base in Portland Harbour, Dorset. According to the Sunday Telegraph, the pla
Given supply deficits from OPEC+ cuts, peak demand, and geopolitical tensions, the short-term oil price forecast is bullish.
Brent oil surged 6% in June, staying above $85 per barrel, while WTI traded at $81.85, driven by summer demand and OPEC+ cuts.

Oil inches higher on summer demand outlook

08:59pm, Sunday, 30'th Jun 2024
Oil prices edged up in early trade on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwi
Bullish crude oil outlook persists as Middle East tensions outweigh weak US demand and inventory builds, fueling supply disruption concerns.
U.S. natural gas, hovering near $2.625, faces potential declines if production increases and temperatures moderate.
The crude oil market continues to see buyers, as this past week has been strong. With this, the market continues to see a lot of short-term strength, as the market is pricing in the idea of summer dem
The crude oil market has seen a bit of early strength, but at this point the market is ready to test a potential support level during the Friday session. This is a market that cyclically is strong at
Oil futures rose Friday, on track to book monthly gains as investors continued to fret over the possibility of a wider Middle East conflict that could threaten flows of crude out of the region.
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