Oil prices dipped for a second session on Monday after Libya resumed production over the weekend while China, the world's largest crude importer, is expected to release economic data showing that its
Oil futures declined on Friday but after settling a day earlier at their highest since April, prices ended the week with a gain of more than 2%. “Oil benchmarks have been reinvigorated by the ailing
Oil traders decided to take some profits off the table after the strong rally.
The crude oil markets have rallied during the course of the week, the break above the recent consolidation area that we had been in.
Crude oil markets have pulled back just a bit during the trading session on Friday, as the 200-Day EMA has come into the picture.
Crude oil prices were marginally lower on Friday but on track to cap off their strongest two-week streak of gains since April as production cuts and a weaker U.S. dollar have pushed prices higher.
WTI Crude oil surges on Libyan and Nigerian supply disruptions, OPEC's demand forecast, and deeper oil cuts by Saudi Arabia and Russia.
Oil prices rose on Friday on support from tighter supply amid issues in Libya and Nigeria and easing U.S. inflation, which markets hope may bring an end to interest rate hikes in the world's biggest e

Oil futures settle at highest since late April

03:16pm, Thursday, 13'th Jul 2023
Oil futures rose for a third straight session on Thursday to settle at their highest since late April. Crude's continued rally is driven by “a technical bounce, short covering, OPEC+ cuts and their
Crude oil markets paused a bit during the trading session on Thursday, as we have stretched a bit for the last couple of weeks.
Oil prices rose slightly to reach their highest levels since April on Thursday as declining inventories and production cuts helped boost prices amid the annual summer surge in demand.
OPEC on Thursday maintained an upbeat world oil demand outlook despite economic headwinds, raising its growth forecast for 2023 and predicting only a slight slowdown in 2024 as China and India continu
WTI crude oil prices surge as positive U.S. data and robust Chinese imports drive market optimism.
Oil prices rose in early Asian trade on Thursday after U.S. inflation and economic data sparked hopes the Federal Reserve may have fewer interest rate hikes in store for the world's biggest economy.

U.S. oil futures post back-to-back session gains

03:05pm, Wednesday, 12'th Jul 2023
U.S. oil futures settled higher for a second straight session Wednesday, with production cuts by major producers offsetting pressure from a hefty weekly rise in U.S. crude supplies. While prices acros
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