Oil futures gained on Friday, with U.S. prices for the commodity up more than 2% for the week. Oil prices have been “relishing the prospects that [Federal Reserve] rate hikes may soon come to an end
The stimulus measures in China provide additional support to oil markets.
Crude oil markets have rallied just a bit during the course of the week, as we continue to bounce around and try to figure out whether or not we have formed a bottom.
The crude oil markets have rallied a bit heading into the weekend, but are still constrained by the 200-Day EMA.

Oil prices head for 4th straight weekly gain

08:04am, Friday, 21'st Jul 2023
Oil futures rose Friday, with benchmarks on track for a fourth straight weekly rise on expectations the second half of 2023 will see a tightening of supplies in the crude market.
WTI crude oil prices surged in Asian trading, driven by China's economic stimulus and supply cuts from key producers.
Brent oil prices were little changed on Friday and were set to close flat for the week after three straight weeks of gains, as markets weigh lower U.S. crude inventories and tapering interest rate hik
WTI oil moved above $75.50 after an unsuccessful attempt to settle below $74.50.
While the capital markets are expecting the U.S. Federal Reserve to maintain its hawkishness, they don't think it will be for long. The anticipation of rate cuts should prop up prices for oil as deman
The OPEC+ group's Joint Ministerial Monitoring Committee (JMMC) panel will hold an online meeting on Aug. 4, two OPEC+ sources said on Thursday, a day later than scheduled earlier.
Crude oil rallied slightly during the session on Thursday, as we continue to see a lot of pressure.

Oil prices edge higher in cautious trade

07:49am, Thursday, 20'th Jul 2023
Crude oil futures were slightly higher early Thursday, consolidating after losing ground the previous session when government data showed a smaller-than-expected fall in U.S. crude inventories.
U.S. benchmark West Texas Intermediate (WTI) crude oil futures are lower as strong US Dollar and profit-taking take effect.
Oil prices slipped in early Asian trade on Thursday, extending the previous session's losses, as the dollar strengthened and on profit-taking after U.S. crude oil stocks fell less than expected.

Oil futures give up early gains to finish lower

02:37pm, Wednesday, 19'th Jul 2023
Oil futures settled lower on Wednesday, giving up early gains after the Energy Information Administration reported a smaller-than-expected weekly decline in U.S. crude supplies. Oil prices were “som
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