Anticipated U.S. crude inventory drop, OPEC+ cuts, and rising summer demand point to a short-term bullish outlook for crude oil prices.
WTI Crude Oil approaches $79.50, with an upward channel suggesting potential for continued bullish momentum and increased buying interest.
Oil prices ticked up in early trade on Tuesday, extending gains from the previous session on a stronger demand outlook and investor confidence that OPEC+ producers could pause or reverse plans to rais

Gas and oil prices: What to expect this summer

03:31pm, Monday, 17'th Jun 2024
Oil prices (BZ=F, CL=F) are beginning to rise on Monday after recent data revealed weak crude oil demand in China. What does this mean for gas prices (RB=F) at the pump as global energy markets respon

Crude Oil Selloff Due To Oversupply

03:17pm, Monday, 17'th Jun 2024
Should investors sell their crude oil positions now? Tamar Essner expects oil to stay range-bound through the year-end.
U.S. stocks traded mixed midway through trading, with the S&P 500 edging higher on Monday.
Global oil supply growth will likely slow down this year, Rystad Energy said in a report on Monday, with a high possibility of a further decrease in 2025.
Oil prices are moving higher after snapping a three week losing streak. Traders are sifting through what mixed economic data out of China may mean for demand.
Oil futures edged higher early Monday, holding their ground after an initial dip following data that showed a fall in China crude demand in May.
The anticipated increase in demand from the summer driving season and potential inventory drawdowns support a positive trend for crude oil prices.
Despite mixed signals and a dip on Friday, oil prices ended the week higher, sparking hopes of a bullish reversal.
Oil prices slipped in early Asian trading on Monday after a survey on Friday showed weaker U.S. consumer demand and as traders awaited the release of key economic data from China, the world's biggest
Clean-up operations took place over the weekend on the beaches of Singapore's resort island and wealthy expat haven of Sentosa, after an oil spill at a nearby port spread to its waters. Black oil co
The overall market sentiment remains cautiously bullish, with strong demand projections and constrained supply likely to support crude oil prices.
The crude oil market has had a strong week, as the markets have been continuing to see a lot of sideways action over the longer term, or at least for the last 18 months. The markets will continue to b
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