Oil futures rose Thursday, finding support as worries about the outlook for U.S. economic growth faded, though concerns remain about fuel demand as the summer travel season gets under way.

Major Commodities Gain Ahead of the NFP

06:11am, Thursday, 06'th Jun 2024
Gold and oil made gains on Wednesday 5 June as weaker preliminary job data from the USA raised hopes that the Federal Reserve (‘the Fed') might cut its funds rate twice before the end of the year.
Oil prices dropped 4% this week despite hopes for a Fed rate cut to boost demand. Will recovery follow?
With the Trans Mountain Pipeline expansion, WCS differentials have narrowed to near negative US$12, which is a US$7 improvement compared to Q1 2024. This partially offsets the impact of weaker oil pri
Oil rose in early Asian trading on Thursday on rising expectations the Federal Reserve will cut interest rates in September, and as the market rebounded from a selloff related to growing U.S. inventor
Some commodities can serve as barometers of economic activity, and the recent sharp declines in diesel, crude oil, and copper prices, along with signs of a demand slowdown in recent weeks, hint at a U
Wayne Gordon of UBS Global Wealth Management discusses OPEC+'s extension of oil output cuts into 2025.
Oil futures rebounded slightly after a sell-off this week pushed prices to four-month lows. The sell-off came after eight OPEC+ members announced plans to increase production starting in October of th
Abdulaziz Almoqbel, energy markets consultant, discusses OPEC+'s extension of oil output cuts into 2025.

Is the oil market oversupplied?

08:00am, Wednesday, 05'th Jun 2024
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Nadia Martin Wiggen, director at Svelland Capital, sees oil demand rising in the third quarter, but thinks markets are focused on the wrong aspect of OPEC+'s surprise decision to return oil supply to
Oil futures ticked lower early Wednesday, feeling pressure after industry data showed an unexpected rise in U.S. crude inventories and a larger-than-expected increase in gasoline stocks.
Oil prices have defied the announcement of extended supply cuts from the OPEC+ alliance with brisk declines. Oil prices bowed below $80 barrels per day despite this prospect of market tightness, with
What does a positive correlation between oil and rates mean? Nasdaq's Brian Joyce discusses the correlation between oil and rates.
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